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.
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.
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.
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.
You and the key parties must be:
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.
To view information on charging periods and pre-notification dates please visit our account charging page.
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.
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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