Community Directplus Account
A free business banking account for registered charities, co-operatives and credit unions.
Community Directplus Account
Our award winning Community Directplus account gives registered charities, community interest companies, co-operatives and credit unions an ethical way to bank for free.
With Community Directplus, you can take advantage of:
- Free day-to-day banking
- Our online, telephone and postal banking services to manage your money, plus the freedom to use our network of Co-operative Bank branches and the Post Office®
- The opportunity to apply for project funding from our Customer Donation Fund
- Easy switching of your Direct Debits and standing orders through our Current Account Switching Service
- 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.
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
- Not exceeding any of the following annual account limits: credit turnover exceeds £1million, deposit more than £100,000 in cash or deposit more than 5,000 cheque
- 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 nowImportant 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 (238KB)Community Directplus Tariff
Download Community Directplus Tariff PDF (495KB)Standards of Lending Practice
Download Standards of Lending Practice PDF (74KB)How we use your personal information
Download How we use your personal information PDF 639KBFSCS Information Sheet and Exclusions List
Download FSCS Information Sheet and Exclusions List PDF (3.6MB)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).
Our service quality information
The Financial Conduct Authority requires us to publish information about our business current accounts. View our business current account service quality information.
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