Cashminder, a basic bank account

Is a basic bank account right for me?

Easy to apply, easy to manage. You can open our Cashminder account online and get access to online and mobile banking, so you can see your finances anywhere, any time. Our Cashminder is a basic current account, for those with no or low credit rating. This basic bank account comes with a VISA debit card and gives you the option to pay through Apple Pay, Google Pay or Samsung Pay

Check eligibility

  • No charges for opening this account
  • No overdraft facility, cheque book or monthly charge
  • Apply even if you have experienced bankruptcy or you have no or low credit rating
Best current account Moneyfacts award our current accounts are covered under the Current Account Switch Guarantee

With a Cashminder basic bank account, you get:

Visa debit card

Your own Visa Debit Card

Online banking

Access to online and mobile banking


Use of Apple Pay / Google Pay / Samsung Pay

To apply for a Cashminder account, you need to:

  • Be aged 16 or over
  • Be a UK resident
  • Not have another Co-operative Bank or Smile current account (unless you are in financial difficulty)
  • Approval is based on an assessment of your personal circumstances. When we carry out credit reference searches to validate your information, we don't leave a footprint on your credit file.
  • To help protect you and us against fraud, we’ll share the personal information from your application with Fraud Prevention Agencies.

Ready to apply?

It takes about 10 minutes to complete if you've got all your details to hand.

Please read the Important Documents below, and save copies of them for future reference.

Apply now

Alternatively, visit us in branch

Use our branch locator to find your nearest branch

If you're applying as part of the Refer a Friend offer, we're sorry but the Cashminder Account is not currently included as part of this offer. For the full Terms & Conditions, click here.

Tips for applying for a Cashminder account

  • If you already have a current account, you can switch it to us in just 7 days. We'll take care of all your Direct Debits and redirect all payments made into or out of your account. Find out more about switching
  • You can have a joint Cashminder account. After you've applied just send us this joint consent form
  • We don't perform credit checks for Cashminder accounts, but we do vigilantly monitor for fraud.

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Important documents

Please read the Important Documents below and save copies of them for future reference.

Not the account for you?

We have other current accounts to choose from.


See our other current accounts

Help for existing customers

If you're already a customer and need some help, you can find information and support here.


Additional help and support

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.

smile, The Co-operative Bank and Britannia are trading names of The Co-operative Bank plc, which is a member of the Financial Services Compensation Scheme (FSCS).

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