A basic account for people who may not qualify for other kinds of current account.
You cannot open a Cashminder if you already hold a Co-operative Bank or smile current account, unless you are in financial difficulty.
- Open with just £1 (minimum balance of £1).
- No overdraft facility, cheque book or monthly charge.
- Available as a joint account.
- No monthly fee account, meaning you don't get charged for opening this account.
Switch your current account to us in 7 days.
Direct Debits will be automatically transferred and payments into and out of your old account will be redirected for 3 years.
More about switching
To apply, you need to be:
- Over 16.
- A UK resident.
Approval is based on a credit check, an assessment of your personal circumstances and is subject to status.
Ready to apply?Please read our terms and conditions before applying
Download the application pack and post it back to us
Cashminder application packDownload PDF (168KB)
Request an application pack by calling us on:+44(0)3456027057
9am - 8pm, Monday - Friday
9am - 12 noon on SaturdayImportant information about our call charges
Alternatively, visit us in branchUse our branch locator to find your nearest branch
When you switch your current account from your current bank or building society, we do all the hard work for you.
Payments are transferred automatically.
All your Direct Debits, standing orders and bill payments will be automatically transferred.
Payments are redirected for 3 years.
Any payments into your old account will be redirected to your new account for the next 3 years.
If there are any problems, we guarantee we'll cover you.
If anything does go wrong, we guarantee to sort it out for you and cover any losses you might incur. This is covered in the Current Account Switch Guarantee.Read more about switching
There is no monthly fee for having this account.
There are other charges, including:
- Foreign transaction services, such as using your debit card abroad.
- Electronic payments, such as CHAPS.
- Other services, such as copies of your statement.