Business Directplus

Our Business Directplus account is great for start-ups and established small or medium sized businesses.

Featured benefits

New customers, keeping their balance above £1,000 can enjoy 30 months free everyday banking with no monthly charge.

Including free:

  • Direct debits
  • Faster payments
  • Debit card purchases
  • Cheques (subject to limits)
social.png
An account for all business types
Mobile.svg
Manage your account on the go with our
Pound.svg
30 months free everyday banking for new customers

Learn what you’ll pay before and after your introductory offer.

Our Business Directplus account has an introductory offer for new customers who keep their balance above £1,000. If your balance falls below £1,000 at any point, you will be charged a different tariff for the monthly charging period.

Find out more about these standard charges, non-standard tariffs, and what they mean by viewing our Business Directplus Tariff PDF.

Introductory period (First 30 months)

Moneyfacts Best Service from a Business bank 2020 logo

£0

Monthly service charge if your balance is always above £1,000

£7

Monthly service charge if your balance ever falls below £1,000

Credit charges
Balance is always above £1,000
Balance is below £1,000 at any point
Credit charges Automated credits Per item
Balance is always above £1,000 Free
Balance is below £1,000 at any point Free
Credit charges Manual credits Per item
Balance is always above £1,000 Free
Balance is below £1,000 at any point Free
Credit charges Cash paid in Per £100
Balance is always above £1,000 Free/75p 1
Balance is below £1,000 at any point Free/75p 1
Credit charges Cheques paid in Per item
Balance is always above £1,000 Free/25p 2
Balance is below £1,000 at any point Free/25p 2
Credit charges Post Office® deposits Per item
Balance is always above £1,000 80p
Balance is below £1,000 at any point 80p
Debit charges
Balance is always above £1,000
Balance below £1,000 at any point
Debit charges Automated debits Per item
Balance is always above £1,000 Free
Balance below £1,000 at any point 70p
Debit charges ATM withdrawals Some ATMs may have their own fee
Balance is always above £1,000 Free
Balance below £1,000 at any point Free
Debit charges Debit card purchases Per item
Balance is always above £1,000 Free
Balance below £1,000 at any point 70p
Debit charges Cash withdrawals Per £100
Balance is always above £1,000 Free
Balance below £1,000 at any point Free
Debit charges Cheques issued Per item
Balance is always above £1,000 Free/50p 3
Balance below £1,000 at any point 70p
Debit charges Cash exchanged Per £100
Balance is always above £1,000 £1.60
Balance below £1,000 at any point £1.60

After the first 30 months

£7

Monthly service charge, whatever your balance

Credit charges
Balance is always above £1,000
Balance is below £1,000 at any point
Credit charges Automated credits Per item
Balance is always above £1,000 Free
Balance is below £1,000 at any point Free
Credit charges Manual credits Per item
Balance is always above £1,000 Free
Balance is below £1,000 at any point Free
Credit charges Cash paid in Per £100
Balance is always above £1,000 Free/75p 1
Balance is below £1,000 at any point Free/75p 1
Credit charges Cheques paid in Per item
Balance is always above £1,000 Free/25p 2
Balance is below £1,000 at any point Free/25p 2
Credit charges Post Office® deposits Per item
Balance is always above £1,000 80p
Balance is below £1,000 at any point 80p
Debit charges
Balance is always above £1,000
Balance below £1,000 at any point
Debit charges Automated debits Per item
Balance is always above £1,000 35p
Balance below £1,000 at any point 70p
Debit charges ATM withdrawals Some ATMs may have their own fee
Balance is always above £1,000 Free
Balance below £1,000 at any point Free
Debit charges Debit card purchases Per item
Balance is always above £1,000 35p
Balance below £1,000 at any point 70p
Debit charges Cash withdrawals Per £100
Balance is always above £1,000 Free
Balance below £1,000 at any point Free
Debit charges Cheques issued Per item
Balance is always above £1,000 50p
Balance below £1,000 at any point 70p
Debit charges Cash exchanged Per £100
Balance is always above £1,000 £1.60
Balance below £1,000 at any point £1.60

1. £2,000 free cash deposits per charging period and 75p per £100 thereafter

2. 100 free cheques per charging period and 25p each thereafter

3. 30 cheques free per charging period, then 50p each

Not the account for you?

Check out our other current accounts

What to expect

Built for business

Access to the invoicing app with 'Incomeing'
''''
Access to legal, technical and HR services with Assurant
Access to merchant services with Fiserv
Free business webinars
Manage scheduled payments

Best of ethical

PVC-free debit card
We don’t provide banking services to businesses that conflict with our Ethical Policy
A beyond carbon neutral bank

Plus the essentials

Mobile app
UK-based customer support
Online banking
Branch support

Does this look like the right account for your business?

Check to see if your business is eligible.

We make opening accounts simple

Current account switch logo

Easy switching

Already have an account with another bank? Once your account is open, you can switch your old account to us in seven business days.

Savings account

With a few extra questions, you can apply for a savings account at the same time as your current account. Learn more about our savings accounts.

We say we are the original ethical bank, but what does that mean?

Our customer-led Ethical Policy includes a commitment to protect the environment.
We have been beyond carbon neutral for over ten years. We also achieved zero waste to landfill for the first time in 2020.

Ready to join the original ethical bank?

Steps to applying

Please note, your application is subject to status. This means we’ll assess your financial circumstances and complete credit checks.

Check if you’re eligible

To be eligibility for the Business Directplus account you and 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 individual voluntary arrangements (IVAs) over the last six years
  • Free from missed payments on any personal credit obligations in the last six months

You or your organisation must be either a:

  • Sole trader or partnership
  • Limited liability partnership
  • Limited company

If your organisation is a limited company, the following must be true:

  • The director has 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. This means we’ll assess your financial circumstances and complete credit checks.

Not eligible for this account?

You may be eligible for one of our other accounts.

See other accounts

Find out what you need to apply

To apply for the Business Directplus account, you’ll need:

  • Your business details, including tax information, expected turnovers and funds received by your business
  • Identity documents, such as your passport or driving license
  • A device to take a selfie during the application process
  • Key people’s details, including name, contact details, date of birth and address history of anyone else you need on the account

Read and save important documents

Read the following important documents and save copies for your future reference.

Business account terms and conditions PDF

Business Directplus tariff PDF

Standards of lending practice PDF

How we use your personal information PDF

Current account switch agreement PDF

To view information on charging periods and pre-notification dates please visit our account charging page.

As a provider of UK business bank accounts, we have agreed to a basic set of information we’ll need from you to set up your UK business current account.

Find out what you’ll need to provide using the business banking checklist from UK Finance.

View UK Finance’s guide to opening a business account

Apply

Does your business have an account with The Co-operative Bank?

Are you a...

Not the account for you?

Check out our full range of current accounts

FSB account

Best for members of the Federation of Small Businesses.

Standard Tariff

Best for businesses looking for a simple and straightforward account charging structure.

Cash Tariff

Best for businesses with a high cash turnover.

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.

Please click here for further information or visit www.fscs.org.uk