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Business Directplus Account

A bank account that supports your business

Business Directplus Account

The award winning Business Directplus current account is a simple and convenient way to manage your business finances.

With a Business Directplus account, you can take advantage of:

  • Easy switching of your Direct Debits and standing orders through our Current Account Switching Service
  • Free banking for 18 months for new Co-operative Bank customers.

With this account, free banking means:

  • No monthly service charge
  • All automated credits and debits including standing orders, Direct Debit and Faster Payments are FREE
  • All Business debit card transactions are FREE
  • Purchases made in a currency other than sterling are subject to a foreign currency commission charge of 2.75%. Cash advances are subject to a 2% handling charge which may additionally apply if drawn in a currency other than sterling.

  • You can write up to 30 cheques per month for FREE
  • The 18 months free banking offer is only available to new Co-operative Bank customers, based on maintaining a credit balance of £1000 or more, depositing up to 100 cheques and £2000 cash, and writing up to 30 cheques per month free of charge. Charges apply for exceeding the limits specified above, and for any special services used, including stopping cheques, CHAPS payments, etc. Please refer to the tariff for full details.

At the end of the 18 month free banking period, you’ll be automatically transferred onto our standard Business Directplus tariff. This tariff aims to deliver a great service at a very competitive price. For a £5 monthly charge you’ll still be able to:

  • Deposit up to £2,000 in cash and up to 100 cheques per month, plus receive unlimited automated credits into your account. This is dependent on maintaining a credit balance of £1000 or more.
  • Manage your money using online, telephone and postal banking. Plus the freedom to use our network of Co-operative Bank branches and the Post Office®.
  • Access an overdraft facility and other lending options (subject to application, status and our lending policy).
  • Banking with the only UK bank with a customer-led Ethical Policy. Find out more by visiting our Values and Ethics page.

Moneyfacts Best service from a Business bank three time winner 2017 to 2019

Moneyfacts 5 star rating for Business Directplus Account

The Co-operative Bank's Community Direct Plus account is part of the Current account switch guarantee scheme

What you'll need to open an account

Participating providers of UK business bank accounts have agreed to a basic set of information that they will need from you to set up your UK business current account. Find out what you’ll need to provide using the simple business banking checklist from UK Finance, the UK’s leading trade association for financial services.

View guide

To apply, you and the key parties need to be:

  • Aged 18 or over
  • Free from County Court Judgements (CCJs), bankruptcy and IVAs over the last 6 years
  • Free from missed payments on any personal credit obligations in the last 6 months
  • A UK resident with a business address in the UK.

Your organisation must be either:

  • A sole trader or a partnership
  • A limited liability partnership, or
  • A limited company
  • If your organisation is a limited company you must adhere to the following criteria: the directors have never been disqualified, the business has never been subject to insolvency or an intention to dissolve, the business has not had a negative net worth in the last set of financial accounts.

Ready to apply?

Your application is subject to status and based on an assessment of your financial circumstances.

Please ensure you read the important documents below and save copies of them for future reference

Apply now

  • When applying please document all account parties consent to include their information and for relevant searches to be undertaken (including credit reference and fraud prevention checks). We may request this at a later date.
  • Already started an application?

    If you've started an application you can continue it here


    Important documents

    The Co-operative Bank reserves the right to decline any application.

    Whether we can offer you credit depends on your circumstances and our lending policy. We may decline your application based on your circumstances or our lending policy. We may be able to offer a product that's different to the one advertised.

    smile, The Co-operative Bank and Britannia are trading names of The Co-operative Bank plc, which is a member of the Financial Services Compensation Scheme (FSCS).

    The Co-operative Bank's Business accounts are protected up to £85,000 under the Financial Services Compensation Scheme

    Contact us

    If you'd like more help & information, you can: