Business Current Account - Cash Tariff
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.
With our Business Current Account Cash Tariff, you can take advantage of:
- One of the lowest cash depositing charges on the market
- A clear and simple charging structure
- Access to your account via online banking or telephone banking.
With a Cash Tariff Account you can benefit from:
Business savings account
Online banking
Merchant services
Apply for a Cash Tariff Account
- Ensure you have read the important documents below and saved copies of them for future reference
- 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.
Switching to a Cash Tariff Account
Check you're eligible
You and the key parties need to be:
- Aged 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
One-day account opening
Sole traders and single directors
Your company:
- is owned and controlled by one person
- is not registered as a limited company
or
Your company:
- is owned and controlled by one person
- is registered as a limited company
If your business does not already have a business account with us you'll be able to apply for an account in January 2021 using our improved application form.
With our new form you can usually have an open account within one day.
Register your interest so we can notify you when our new application form is open.
Register your interestPartnerships, Limited Companies and Limited Liability Partnerships
Your company either:
- has more than one owner
- or is a partnership.
Your business already has a business account with us
You already have a Co-operative Bank business account for this business.
Already started an application?
If you've started an application you can continue it here
Important documents
To view information on charging periods and pre-notification dates please visit our account charging page.
Business account terms and conditions
Download Business account terms and conditions PDFBusiness Current Account - Cash Tariff
Download Business Current Account - Cash Tariff 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 PDFNot the account for you?
We have other current accounts to choose from.
See our other current accounts
Financial Services Compensation Scheme
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).
Contact us
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