If you're an existing current account customer and are interested in referring someone as part of this offer, tell them to search “Co-operative Bank Refer a Friend” or visit their local branch, where they can read the offer Terms and Conditions and check if they qualify. Before sharing this offer with your friends, please ensure you hold a qualifying current account as we won't make payments to either of you if you don't. You can find out more here.
You’ll need to provide your friend with your full name, the sort code and account number of your current account and your email address.
Once your friend has switched to their new Co-operative Bank account and all terms and conditions of the offer are met, we will pay you and your friend £50 within 60 days from the day your friend's switch completes, or from the day your friend submits the referral form, whichever is later.
The maximum you can receive for referring friends is £100. We will only pay for the first 2 eligible recommendations you make, however there is no limit to the amount of friends you can refer.
Open a Co-operative Bank standard Current Account or Everyday Extra account**
Choose to complete a full switch using the Current Account Switch Service
Once your switch is complete, please fill in the referral form below
**If these accounts aren't right for you, we also have available a basic bank account, Cashminder. Please be aware that our Cashminder account isn't eligible for the Refer a Friend Switching Offer.
Apply for a standard Current Account or Everyday Extra account online. If you apply for a standard Current Account, you can apply to switch as part of your application or once your account is open. If you choose to apply for an Everyday Extra account you will need to apply to switch your account after it has been opened by calling us or visiting a branch.
You can also apply for your current account in branch. If you do, it is important that you let your adviser know that you are switching as part of the Refer a Friend Switching Offer and ensure that you have the full name, sort code, account number and email address of the person who referred you, so that we can arrange your offer payment if you qualify.
Once your account is open, and you have completed a full switch from your main bank account using the Current Account Switch Service, complete the referral form below and we will then credit you and your friend with £50 each. This will be paid into your account within 60 days of your switch completion date or submitting your referral form, whichever is later.
To continue, confirm that you:
When using the Current Account Switch Service to switch your current account from another bank, all your direct debits, standing orders, bills and payments will move to your new account with us. Once you've applied to switch, you don't need to do anything else.
Switching takes 7 working days. You're covered by the Switch Guarantee, so you don't need to worry about missing payments.
These Terms and Conditions are made up of two sections; please ensure you read both as they include important information:
Section A: Eligibility & Qualifying for the offer
Section B: Payment of the offer and other important information
1.1 To be eligible for this offer, you must hold one of the following current accounts: Current Account, Current Account Plus, Privilege, Privilege Premier, Everyday Extra, Student Account or Cashminder. smile current accounts are not included in this incentive. We will not make payment to either you or your Recommended Friend should you attempt to participate in this offer without a qualifying current account. It is your responsibility as the Recommender to ensure that you meet the eligibility before extending this incentive to your Recommended Friend(s).
1.2 Your Recommended Friend must open and complete a Full Switch using the Current Account Switching Service. Your Recommended Friend must open one of the following accounts to qualify:
Standard Current Account
Everyday Extra account
Please note, we will not make a payment to either the Recommender or Recommended Friend if they open a smile current account, Student Account or a Cashminder account, even if a full switch is completed, or where any account application is declined.
1.3 You consent to your Recommended Friend providing us with your full name, your current account sort code and account number and an email address on your behalf to enable us to make the incentive payment should you qualify; and
1.4 Your Co-operative Bank current account must be open at the time the incentive is paid to be eligible to receive the payment.
2.1 You will be considered a new customer if you do not already have a Co-operative Bank or smile current account of any type as at 1 June 2021.
2.2 To qualify for this offer as an eligible new customer you must:
2.2.1. open a new Co-operative Bank standard Current Account or Everyday Extra Account (smile current accounts, Student Accounts and Cashminder accounts are excluded from this offer. We will not pay either the Recommender or the Recommended Friend where a smile current account, Student Account or Cashminder account is opened, even if a full switch is completed, or where any account application is declined); and
2.2.2. complete a Full Switch into your new account using the Current Account Switch Service (which will include the closure of your old account and moving all your payment instructions to the new account on the day that your switch completes); and
2.2.3. complete the referral form contained on the offer webpage once you have your Co-operative Bank sort code, account number and switch end date; and
2.2.4. your Co-operative Bank current account must be open at the time the incentive is due to be paid, in order to be eligible to receive the payment.
3.1 Either party will only qualify for the payment if all these terms and conditions are met.
3.2 If you meet these terms and conditions and qualify for the offer, we will credit £50 to the Recommender and £50 to the Recommended Friend within 60 calendar days of the date your switch completes, or the date we receive the referral form, whichever is later.
3.3 The maximum we will pay any Recommender is £100. We will only pay the Recommender for the first 2 eligible recommendations they make, however there is no limit to the number of friends a Recommender can refer. As we are paying you for recommending your Friend, you must consider your personal tax position.
3.4 Recommended Friends will qualify for payment if they meet the conditions, regardless of how many friends the Recommender has referred providing they were referred by an eligible Recommender.
3.5 If the current account that you are switching to us is in joint names, we will only credit the current account with £50 per account, not £50 for each person named on the account.
3.6 The Recommended Friend is entitled to only one payment even if they switch more than one account to us or if more than one Recommender refers them.
3.7 The Recommender will only receive payment where the Recommended Friend has completed their details on the referral form. If someone else refers that friend, we will pay the first Recommender whose details are provided on the first referral form we receive.
4.1 We can withdraw this offer at any time and should we choose to do so, we will update our website with the final switching date on which we will honour any payments.
4.2 From withdrawal neither party will be eligible to qualify for this offer unless the Recommended Friend’s application to switch their main current account to their Co-operative Bank current account was completed on or before the final switching date stated at the time of withdrawal.
4.3 If we withdraw the offer, the Recommended Friend will have 14 days from the date the offer is withdrawn to return the referral form.
5.1 Our accounts are subject to eligibility criteria, status and our lending policy. We reserve the right to decline your application. Where we decline your application, we will not make a payment to either the Recommender or Friend.
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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Your eligible deposits held by a UK establishment of The Co‑operative Bank plc are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: The Co‑operative Bank, Britannia and smile. Any total deposits you hold above the limit between these brands are unlikely to be covered.