FSB Account

If you are a member of the Federation of Small Businesses (FSB) you can enjoy the benefits of our FSB account, which has been designed with small businesses in mind.

Featured benefits

With an FSB account, you can take advantage of:

  • No monthly service charge
  • Free everyday banking (cash limits apply)
  • The option to apply for an overdraft with no
    arrangement fee. (Interest will be charged
    and security fees may apply.)
An account for

FSB members

Manage your account on the go with our
The UK’s original ethical bank

Learn what you’ll pay

No surprises here, learn how much you will pay. Find out more about these standard charges, including other applicable charges, and what they mean by viewing our FSB Tariff PDF. (effective until 19 July 2022)

FSB Tariff PDF. (effective from 20 July 2022)


Monthly service charge

Credit charges
Credit charges Automated credits Per item
Credit charges Manual credits Per item
Credit charges Cash paid in Per £100
Free/75p 1.
Credit charges Cheques paid in Per item
Debit charges
Debit charges Automated debits Per item
Debit charges ATM withdrawals Some ATMs may have their own fee
Debit charges Debit card purchases Per item
Debit charges Cash withdrawals Per £100
Debit charges Cheques issued Per item
Debit charges Cash exchanged Per £100

1. £2,000 free cash deposits per charging period and 75p per £100 thereafter

Not the account for you?

Check out our other current accounts

What to expect

Built for business

No additional cost to deposit cash at the Post Office®
Free business webinars
Manage scheduled payments

Best of ethical

PVC-free debit card
We don’t provide banking services to businesses that conflict with our Ethical Policy
A beyond carbon neutral bank

Plus the essentials

Mobile app
UK-based customer support
Online banking
Branch support

Does this look like the right account for your business?

Check to see if your business is eligible.

We make opening accounts simple

Current account switch logo

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.

We say we are the original ethical bank, but what does that mean?

As part of our application process, we ask some questions relating to our customer-led Ethical Policy. We screen each application and decline any business whose activities conflict with our customers' views on these important issues.

Ready to join the original ethical bank?

Steps to applying

Please note, your application is subject to status. This means we’ll assess your financial circumstances and complete credit checks.

Check if you’re eligible

To be eligible for the FSB 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

You or your organisation must be a member of the Federation of Small Businesses, and either a:

  • Sole trader or partnership
  • Limited liability partnership
  • Limited company

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.

See other accounts

Find out what you need to apply

To apply for the FSB account, you’ll need:

  • Your business details, including tax information, expected turnovers and funds received by your business
  • A valid FSB membership number
  • 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

FSB account 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.

View UK Finance’s guide to opening a business account


Does your business have a current account with The Co-operative Bank?

Are you a...

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.

Standard Tariff

Best for businesses looking for a simple and straightforward account charging structure.

Cash Tariff

Best for businesses with a high cash turnover.

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