Business charge card

Important updates

Bank of England Base Rate Change

On 19th March 2020 the Bank of England Base Rate decreased from 0.25% to 0.10%.

Coronavirus Support

If you're concerned about how coronavirus might impact your business and you require any advice or guidance, we're here to support you.

Support with coronavirus

Flexibility and control

The Co-operative Bank Business charge card offers the flexibility you need to forecast and manage your business expenses.

With a Business charge card you will benefit from:

An interest-free period of up to 48 days, as long as the full outstanding balance is paid monthly by direct debit. You will incur charges if you do not pay the full balance by the due date. Please refer to the tariff below for details of the charges.

You can arrange for multiple cardholders, and will receive monthly statements for all activity across all cards.
You can use the cards to make payments and can also withdraw cash* from any cash machine displaying the Visa symbol (subject to available balance).
All of this for a nominal monthly fee of only £2 per card (this fee is waived for FSB members).

*Cash advance fee of 2% (min £1.50) applicable on cash withdrawals. Foreign currency cash advances will also be subject to a 2.75% currency conversion charge. Please refer to your tariff for further information.

To apply, you and the key parties must meet the following criteria

Be 18 years or over
Be a UK resident
Be an account signatory with authority to borrow on behalf of the business
Hold a business current account with The Co-operative Bank
Require the lending for business use

Currently this card is not offered to sole traders, partnerships with two or three partners or unincorporated organisations.

Your application is subject to status and based on an assessment of your financial circumstances.

We aim to give you a decision within 7 business days of all the information being received. Occasionally, we may require additional information depending upon your circumstances.

Please ensure you read the important documents below and save copies of them for future reference