FSB Business Current Account

As a member of the Federation of Small Businesses (FSB) you can enjoy the benefits of our FSB Business Current Account which has been designed specifically with small businesses in mind.

With our 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
  • Access to an overdraft with no arrangement fee (subject to application, status and assessment of your financial circumstances). You’ll be charged debit interest on your overdrawn balance and security fees may apply.
  • Access to your account via online banking or telephone banking.

Check eligibility and apply

With an FSB account you can benefit from:

  • Business savings account
  • Online banking
  • Merchant services

Apply for an FSB account

  • Ensure you have read the important documents below and saved copies of them for future reference
  • 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

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Switching to an FSB 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.

Current Account Switch Guarantee

Check you're eligible

You and the key parties must be:

  • aged 18 or over
  • a UK resident with a business address in the UK.
  • 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

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.

    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.

    Sole trader

    Your company:

    • is owned and controlled by one person
    • is not registered as a limited company

    Your business does not already have a business account with us.

    Your business does have a business account with us

    Single director of a limited company

    You company:

    • is owned and controlled by one person
    • is registered as a limited company

    Your business does not already have a business account with us.

    Your business does have a business account with us

    Partnerships, Limited Companies and Limited Liability Partnerships

    Your company either:

    • has more than one owner
    • or is a partnership.

    Not the account for you?

    We 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.

    FSCS logo

    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

    Not found what you're looking for?

    Contact our support team