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.
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.
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.
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.
Important documents
To view information on charging periods and pre-notification dates please visit our account charging page.
Business account Terms and Conditions PDF
Standards of Lending Practice PDF
How we use your personal information PDF
Not the account for you?
We have other current accounts to choose from.
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.
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