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.
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.
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.
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.
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.
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.
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