The Current Account Switch Service is a free service that lets you switch a business current account from one participating bank to another – in 7 business days. It’s simple and stress-free, and the full switch option is backed by the Current Account Switch Guarantee. If anything goes wrong with the switch, we will refund any interest or charges you have incurred on your old or new account as a result of a delay caused by us, as soon as we are told.
As part of the full switch, we’ll arrange everything for you, including transferring any credit balance and the closure of your old account, as well as transferring all your payments (such as any Direct Debits) to your new account with us. In addition, we'll set up a payment redirection for any credits or debits from your old account, to your new one, for at least 3 years.
Please note, if you require an overdraft as part of your switch, you will need to have this in place before you proceed with your switch as approval for the overdraft is based on a credit check and assessment of your business circumstances.
You can still switch your account if you’re overdrawn. It is your responsibility to pay off any overdrawn balance including any fees or charges on your old account. You can do this by using available funds or, if you have applied and been accepted, an overdraft with ourselves. Debit balances are not transferred.
For more information or to check if your old bank is a participating bank, go to the Current Account Switch website.
New business customers can request to switch during the account application process. Simply choose which account you wish to apply for and request to switch when completing the online form.
View our Business current accounts
If you already have a business or community account open with us and want to switch, you can complete the relevant switch form from the options below.
Don't forget to read about Switching Third Party Providers (TPP) Open Banking before you apply.
We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take 7 working days. As your new current account provider we offer the following guarantee:
For more information go to www.currentaccountswitch.co.uk
Don't forget to read about Switching Third Party Providers (TPP) Open Banking before you apply.
Please ensure you read the important documents below and save copies of them for future reference
We allow you to give TPPs (such as financial comparison websites, money management apps and payment services) the ability to make payments on your behalf, and to access your financial data.
If you could do this with your old account, there are a couple of simple things you’ll need to do once you switch to us.
Please note: we only allow access to TPPs that are authorised by law to provide their services, so there’s a chance that your current TPP may not be supported to access Co-operative Bank accounts. Our terms and conditions provide more information about TPPs.
Please ensure you read the important documents below and save copies of them for future reference
Current Account Switch Agreement
Download Current Account Switch Agreement PDFHow we use your personal information
Download How we use your personal information PDFFSCS Information Sheet and Exclusions List
Download FSCS Information Sheet and Exclusions List PDFPlease ensure you read the important documents below and save copies of them for future reference
How we use your personal information
Download How we use your personal information PDFFSCS Information Sheet and Exclusions List
Download FSCS Information Sheet and Exclusions List PDFWe allow you to give TPPs (such as financial comparison websites, money management apps and payment services) the ability to make payments on your behalf, and to access your financial data.
If you could do this with your old account, there are a couple of simple things you’ll need to do once you switch to us.
Please note: we only allow access to TPPs that are authorised by law to provide their services, so there’s a chance that your current TPP may not be supported to access Co-operative Bank accounts. Our terms and conditions provide more information about TPPs.
If you'd like more help & information, you can: