Our 5 star, no-monthly-fee current account
This is a scheme you can opt into at no extra cost, which rewards you for Everyday Banking each month.
You have the option to request an arranged overdraft when applying for a current account. You can also apply once your account has been opened, by visiting us in branch or by telephone.
The interest rate you'll have to pay on any overdrawn balance:
Assumed credit limit
With debit interest at
Based on the representative example above, if you didn't pay it back for
you would owe a total of
To help you avoid/reduce charges and/or paying interest, if you have registered your mobile phone number with us, you will automatically be opted in to the Overdraft Alerts Service.More about overdraft charges
When you switch your current account to The Co‑operative Bank, we do all the hard work.
There are standard charges for an unarranged overdraft (when you go over your arranged overdraft limit).
To help you avoid/reduce charges and/or paying interest, if you have registered your mobile phone number with us, you will automatically be opted in to the Overdraft Alerts Service.
When you go over your arranged overdraft limit (by more than £20) you’ll be charged:
Each day your unarranged overdraft increases, you'll be charged:
A Statement of Fees will be sent to you at least once every 12 months. It’s an overview of all the fees and charges applied to your current account within the time period shown on the statement. We will also include any debit or credit interest and refunds where applicable.
It will be sent to you by post, even if you have opted in to paperless statements. You won’t be able to see this when you are logged into online banking.
You will be charged for using an unarranged overdraft and for going over your arranged overdraft limit.
Our lending commitments and what we ask of youDownload Our lending commitments and what we ask of you PDF (112KB)
Help and information about current accounts for our existing customers.
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).