During these unprecedented times, we’re currently experiencing extremely high demand for business current accounts resulting in significant delays of more than 12 weeks for processing and opening accounts.
We’ve made the very difficult decision not to offer Bounce Back Loans to new customers who haven’t already got a business or personal current account open with us as of 6 July 2020. This is so we can prioritise the needs of our most vulnerable and existing business customers during this challenging time. Thank you for your understanding.
Our Business Current Account - Cash Tariff provides those businesses with a high cash turnover a convenient and cost-effective way to deposit their takings.
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.
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
This applies if your company:
or
If your business does not already have a business account with us, you’ll be able to apply through our new improved application process soon.
With our new process, you can usually have your account opened within a few working days.
Register your interest so we can notify you when our new application process is open.
Register your interestYour company either:
You already have a Co-operative Bank business account for this business.
If you've started an application you can continue it here
To view information on charging periods and pre-notification dates please visit our account charging page.
Business account Terms and Conditions and Summary of Changes
Download Business account Terms and Conditions and Summary of Changes PDFBusiness Current Account - Cash Tariff
Download Business Current Account - Cash Tariff PDFCash Tariff - Tariff effective from 24 February 2021
Download Cash Tariff - Tariff effective from 24 February 2021 PDFStandards of Lending Practice
Download Standards of Lending Practice PDFHow we use your personal information
Download How we use your personal information PDFFSCS Information Sheet and Exclusions List
Download FSCS Information Sheet and Exclusions List PDFCurrent Account Switch Agreement
Download Current Account Switch Agreement PDFWe have other current accounts to choose from.
See our other current accounts
Your eligible deposits with 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
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).
If you'd like more help & information, you can: