Take advantage of:
- No monthly service charge
- Free everyday banking
- A bank that cares about values and ethics
- The opportunity to apply for our Customer Donation Fund
Learn what you’ll pay
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.
£0
Monthly service charge
Not the account for you?
Check out our full range of current accounts
Built for business
Best of ethical
Plus the essentials
Does this look like the right account for your business?
Check to see if your business is eligible.
We make opening accounts simple
Easy switching
Already have an account with another bank? Once your account is open, you can switch your old account to us in seven business days.
Savings account
With a few extra questions, you can apply for a savings account at the same time as your current account. Learn more about our savings accounts.
Check if you’re eligible
To be eligible for the Community Directplus account you and key parties must be:
- 18 or over
- A UK resident with a business address in the UK
- Free from county court judgements (CCJs), bankruptcy and individual voluntary arrangements (IVAs) over the last six years
- Free from missed payments on any personal credit obligations in the last six months
Your organisation must be one of the following:
- Registered charity
- Co-operative or community benefit society registered with the FCA
- Credit union
- Community interest company
And your account must not go above any one of the following annual account limits:
- Credit turnover more than £1 million
- Deposit more than £100,000 in cash
- Deposit more than 5,000 cheques
If your organisation is a limited company, the following must be true:
- The director has 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
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.
Find out what you need to apply
To apply for the Community Directplus account, you’ll need:
- Your business details, including tax information, expected turnovers and funds received by your business
- Identity documents, such as your passport or driving license
- A device to take a selfie during the application process
- Key people’s details, including name, contact details, date of birth and address history of anyone else you need on the account
Read and save important documents
Read the following important documents and save copies for your future reference.
Business account Terms and Conditions PDF
Community Directplus Tariff PDF
Standards of Lending Practice PDF
How we use your personal information PDF
FSCS Information Sheet and Exclusions List PDF
Current Account Switch Agreement PDF
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.
Apply
Follow these steps to apply for our Community Directplus account:
- Confirm you have read and saved the important documents
- Confirm you meet the eligibility requirements
To continue, confirm that you:
- Download the PDF form and fill it in
- Print the form, sign it and send it to the address on the form
Due to increased application volumes, timescales to open a Community Directplus account are longer than normal. We will endeavour to open your account within 8 weeks from the point that we receive all your information. We apologise for any inconvenience.
Not the account for you?
Check out our full range of current accounts
Business Directplus
Best for new customers looking for a period of free banking.
Cash Tariff
Best for businesses with a high cash turnover.
FSB account
Best for members of the Federation of Small Businesses.
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