Business Directplus Current Account

If you are looking for a business current account for your start-up, or established small or medium sized business, then this account may be right for you. As a bank that shares your values and understands your banking needs, our Business Directplus Current Account provides 30 months free everyday business banking for new Co-operative Bank business customers.

Free everyday business banking means:

  • No charges for all automated credits and cash withdrawals. Deposit £2,000 in cash and 100 cheques per month for free
  • If you maintain a credit balance of £1,000 or more there is no monthly service charge, and all automated debits including; standing orders, Direct Debits, Faster Payments, debit card payments and writing up to 30 cheques per month are free
  • Charges apply for exceeding these limits. Please refer to the tariff for full details. Subject to status and eligibility.

At the end of the 30 month free banking period, you’ll be automatically transferred onto our standard Business Directplus tariff with a £7 monthly charge. Please refer to the tariff for full details.

Check eligibility and apply

With a Business Directplus account you can benefit from:

  • Business savings accounts
  • Online Banking
  • Merchant services

Apply for a Business Directplus account

  • Ensure you have read the important documents below and saved copies of them for future reference

Important documents

  • 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.

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 UK Finance's opening a business account guide

Business Moneyfacts logo. 'Highly Commended' award for Service from a Business Bank.

Switching to a Business Directplus account

Once your new account is open, you can switch your old account to us in 7 business days, using the Current Account Switch Service. Direct debits will be automatically transferred and payments into and out of your old account will be redirected.

Current Account Switch Guarantee logo

Check you're eligible

You and the key parties must be:

  • 18 or over
  • a UK resident with a business address in the UK
  • 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.
  • 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.

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 for future reference.

Sole trader

Your company:

  • is owned and controlled by one person
  • is not registered as a limited company.

Your business does not already have a business account with us.

Your business does have a business account with us

Single director of a limited company

You company:

  • is owned and controlled by one person
  • is registered as a limited company

Your business does not already have a business account with us.

Your business does have a business account with us

Partnerships, Limited Companies and Limited Liability Partnerships

Your company either:

  • has more than one owner
  • or is a partnership.

Not the account for you?

We have other current accounts to choose from.

See our other current accounts

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.

FSCS logo

Financial Services Compensation Scheme

Your eligible deposits held by a UK establishment of The Co-operative Bank plc are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: The Co-operative Bank, Britannia and smile. Any total deposits you hold above the limit between these brands are unlikely to be covered.

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