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FSB Business Current Account

A Moneyfacts Five Star rated account exclusively for FSB members

As a member of the FSB you can enjoy the exclusive benefits of the Co-operative Bank FSB Business Current Account which has been designed specifically with small businesses in mind.

We're driven by the values of the co-operative movement and believe that successful small businesses are at the heart of a healthy community so we do everything we can to help them thrive.

The Co-operative Bank's FSB account is exclusive for Federation of small business members

With an FSB Business Current Account, you can take advantage of

  • Free business banking services such as paying in cheques and up to £2000 cash per month free of charge. If you need to deposit more cash, you pay 75p per £100 extra.
  • An arranged overdraft facility without an arrangement fee. Subject to application, status and our lending policy. You'll be charged debit interest on your overdrawn balance.
  • Charge card without a monthly card fee. Subject to application, status and our lending policy. Charges may apply.
  • An annual £25 bonus.
  • The £25 loyalty bonus is paid every year to FSB Members who maintain an active account. The loyalty bonus will only be paid once a year to each FSB member, irrespective of the number of active accounts maintained. The bonus will not be paid on inactive accounts. An account is deemed to be inactive if no customer initiated transactions have been made for 6 months or more, and there is a debit or credit balance of less than £250.

  • 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®.
  • Easy switching of your Direct Debits and standing orders through our Current Account Switching Service.
  • Banking with the only UK bank with a customer-led Ethical Policy. Find out more by visiting our Values and Ethics page.
Moneyfacts Best service from a Business bank three time winner 2017 to 2019
The Co-operative Bank's FSB account 5 star moneyfacts award
The Co-operative Bank's Business current account is part of the Current account switch guarantee scheme

What you'll need to open an account

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 guide

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 a member of the Federation of Small Businesses, and either:

  • A sole trader or a partnership
  • A limited liability partnership
  • A limited company
  • 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 now

  • 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.
  • Already started an application?

    If you've started an application you can continue it here


    Important documents

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

    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).

    Financial Services Compensation Scheme more information

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