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.
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.
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 of them for future reference
Apply nowTo 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 PDFCommunity Directplus Tariff
Download Community Directplus Tariff PDFCommunity Directplus Tariff effective from 24 February 2021
Download Community Directplus 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
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).
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
If you'd like more help & information, you can: