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Community Directplus Current Account

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.

Our Community Directplus Current Account gives registered charities, community interest companies, co-operatives and credit unions an ethical way to bank for free. We are proud to have been awarded the Business Moneyfacts award for the best charity banking provider for the past four years.

With our Community Directplus Account, you can take advantage of:

  • Free everyday banking
  • The opportunity to apply for project funding from our Customer Donation Fund
  • Banking with the only UK bank with a customer-led Ethical Policy.

The Co-operative Bank reserves the right to review the account tariff for customers whose credit turnover exceeds £1m per annum, who deposit more than £100,000 cash per annum, or who deposit more than 5,000 cheques per annum.

Check eligibility and apply

With a Community Directplus account you can benefit from:

Business savings account

Online banking

Merchant services

Apply for a Community 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

Moneyfacts business best charity banking provider for 2016 to 2019 logo

Switching to a Community 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

To apply, you and the key parties need to be:

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

Your organisation must be either:

  • A registered charity, a co–operative or community benefit society registered with the FCA, a credit union or a community interest company; and
  • Your account must not exceed any one of the following annual account limits: credit turnover exceeds £1million, deposit more than £100,000 in cash or deposit more than 5,000 cheques.
  • 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.

Ready to apply?

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 of them for future reference

Apply now

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 PDF

Community Directplus Tariff

Download Community Directplus Tariff PDF

Standards of Lending Practice

Download Standards of Lending Practice PDF

How we use your personal information

Download How we use your personal information PDF

FSCS Information Sheet and Exclusions List

Download FSCS Information Sheet and Exclusions List PDF

Current Account Switch Agreement

Download Current Account Switch Agreement PDF

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.

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).

The Co-operative Bank's Business accounts are protected up to £85,000 under the Financial Services Compensation Scheme

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