The Co-operative Bank reserves the right to review the account tariff for customers who exceed any one of the following annual limits: credit turnover exceeds £1 million, deposit more than £100,000 in cash, or deposit more than 5,000 cheques.
Find out more about these standard charges, including other applicable charges, and what they mean by viewing our Community Directplus Tariff PDF.
Monthly service charge
Built for business
Best of ethical
Plus the essentials
Already have an account with another bank? Once your account is open, you can switch your old account to us in seven business days.
Want to earn interest on your surplus cash? We offer instant access or 95 and 35 day notice period accounts, so you can choose one to suit you. Take a look at our savings accounts.
To be eligible for the Community Directplus account you and key parties must be:
Your organisation must be one of the following:
And your account must not go above any one of the following annual account limits:
If your organisation is a limited company, the following must be true:
Your application is subject to status. This means we’ll assess your financial circumstances and complete credit checks.
Not eligible for this account?
You may be eligible for one of our other accounts.
To apply for the Community Directplus account, you’ll need:
Read the following important documents and save copies for your future reference.
To view information on charging periods and pre-notification dates please visit our account charging page.
As a provider of UK business bank accounts, we have agreed to a basic set of information we’ll need from you to set up your UK business current account.
Find out what you’ll need to provide using the business banking checklist from UK Finance.
Follow these steps to apply for our Community Directplus account:
Due to increased application volumes, timescales to open a Community Directplus account are longer than normal. We will endeavour to open your account within 12 weeks from the point that we receive all your information. We apologise for any inconvenience.
Important: Please ensure all individuals who have authority to make decisions on behalf of the organisation such as ALL Directors, Trustees (regardless of whether or not they will have access to the account) and signatories to the account have all completed and signed Section 3A Personal details page and signed Section 6 Declaration. All signatories must also complete and sign Section 3 Part C Account signatories.
Best for new customers looking for a period of free banking.
Best for businesses with a high cash turnover.
Best for members of the Federation of Small Businesses.
Your eligible deposits held by a UK establishment of 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.