Flexibility for your business
The Co-operative Bank’s Business Charge Card offers the flexibility you need to forecast and manage your day-to-day business expenses.
Why apply for a Business Charge Card?
- Request multiple cards each with a predetermined limit based on your needs
- Receive monthly statements for all activity across all cards so you can keep track of your business expenses
- Use Apple Pay, Google Pay and Samsung Wallet to make purchases online and in-store
- Make payments online and in-store and withdraw cash from any cash machine displaying the Visa symbol (subject to fees and available balance)
Find out how to apply for a Business Charge Card.
Check eligibility for you and key individuals
- 18 or over
- A UK resident with a business or charity address in the UK
- Authorised to borrow on behalf of the business or charity
- A Co-operative Bank business current account holder
The Business Charge Card is available for business use only.
Please note: Currently this card is not offered to sole traders, partnerships with two or three partners or unincorporated organisations.
Fees, charges and limits
Card fee
Free for the first 6 months, then £2 per card per month
Interest-free period
Up to 48 days, as long as the full outstanding balance is paid monthly by Direct Debit
Cash withdrawal fee
2% of the value of the transaction (minimum charge of £1.50)
Ordering a copy statement
£8 per copy
Ordering a copy of sales purchase voucher
£12 per copy
Late payment fee
If your payment is received after the due date, we will charge debit interest on the unpaid balance.
Interest is charged at 2% above the Bank of England base rate.
Borrowing limit
Discussed upon application
Step 1. Gather the information you’ll need to apply
To apply for the Business Charge Card, you’ll need:
- your Co-operative Bank business current account details, including account title, sort code, account number, bank name and bank address (if you do not yet have a Co-operative Bank business current account, we will help you open one if your lending application is successful)
- your business details, including company number (sometimes referred to as a Company Registration Number) and forecast turnover and annual turnover
- personal details of all individuals registered on your existing Co-operative Bank business current account (including directors, members, designated members, trustees, committee members and partners)
- individual cardholders’ details
- details of assets, liabilities, income and expenditure for each Key Individual, Additional Named Individual and Major Shareholder.
Step 2. Read and save the important documents
Read the following important documents and save copies for your future reference:
Download standards of Lending Practice PDF
Download Business Charge Card Terms & Conditions PDF
Download Business Charge Card Account Charges PDF
Download guide to your new Business Charge Card statement design PDF
Download how we use your personal information PDF
Download card holder schedule - for adding additional cardholders PDF
Step 3. Complete the forms and send them to us
Use the information gathered in Step 1 to complete the following forms and send them to us at the postal address given below:
Download Business Charge Card application PDF
Download assets and liabilities PDF
Apply by email
To apply by email, please send your application to:
LSUNDER@co-operativebank.co.uk
This email address is for receiving lending requests only. We will not be able to respond to any emails received that do not contain a lending request.
Apply by post
Lending Services
The Co-operative Bank
P.O. Box 200
Skelmersdale
WN8 6GH
Application timeline
for applications under £250,000
-
20 to 60 minutes
Send us your completed forms
This usually takes about 20 to 60 minutes. You may find it helpful to gather the information listed under ‘What you’ll need to apply’ before you start filling out the form.
-
Within 2 business days
We’ll get in touch with you
We aim to get in touch with you within 2 business days of you sending us your completed forms. We might ask you for some additional information at this stage.
-
Within 10 business days
You’ll receive a decision from us
We aim to give you a decision within 10 business days of your full application being received. Occasionally, we may require additional information depending on your circumstances.
Not found what you were looking for?
Business Credit card
Spread the cost of purchases over time
Business Overdraft
Optimise cash flow and borrow money short term
Commercial Mortgage
Get support if you’re planning to grow your business or purchase your first commercial premises