Community Directplus Current Account

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.

Features

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

Five times winner of the Business Moneyfacts Best Charity Provider

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.

Check you're eligible

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.

How 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 for future reference.

Click the button below to download the application form and apply for a Community Directplus account.

Download form and apply

Important Documents

To view information on charging periods and pre-notification dates please visit our account charging page.

Download Business account Terms and Conditions PDF

Download Community Directplus Tariff PDF

Download Standards of Lending Practice PDF

Download How we use you personal information PDF

Download FSCS Information and Exclusions List PDF

Download Current Account Switch Agreement PDF

Not the account for you?

We have other current accounts to choose from.

See our other current accounts

Financial Services Compensation Scheme

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.

Please click here for further information or visit www.fscs.org.uk

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