As a Cashminder account holder, you’ll get your own PVC-free debit card and be able to pay using Apple Pay, Google Pay, and Samsung Pay.
You’ll also be able to manage your money using online banking and our mobile app.
Checks we perform when you apply for a Cashminder account
We perform a credit reference check rather than a credit check. When we carry out credit reference searches to validate your information, we don't leave a footprint visible to other lenders on your credit file.
While Cashminder is our most basic bank account, there are charges for certain types of transactions such as using your debit card abroad or sending money outside of the UK. You can see details of these charges below. You can also download these account charges as a PDF.
The fee amount is 2.75% of the value of the transaction
The Currency Conversion Charge is applied when you make a purchase using your debit card in a foreign currency, or if you make a cash withdrawal in a foreign currency outside the UK using your debit card. Transactions are also converted into sterling using the Visa Scheme Exchange Rate. Find out more about using your card abroad.
We don’t apply a charge for making a cash withdrawal on your debit card (but if you’re making a cash withdrawal in a foreign currency outside the UK, a Currency Conversion Charge will apply - see above). If you use your debit card to purchase foreign currency or travellers cheques in the UK, the way the merchant processes the transaction may result in a fee being applied to your account. If this happens, please contact us.
A fee will not be applied if you transfer or make a payment in euros to an EU member state, as well as Iceland, Liechtenstein, Norway, Monaco and Switzerland. Funds should be received by close of business on the next Business Day and both the remitter and beneficiary have to have an account.
A fee will be applied if you send a payment in US dollars to the United States. This type of payment can take up to five Business Days.
A fee will be applied if you use this alternative method of sending money outside the UK in euros to an EU member state. This payment is received on the same day if it is sent before 2pm, but can take one to three Business Days if there are problems from the recipient’s side. Fax confirmation is required if the transfer is over £10,000.
£20 (plus postage, transmission and agent’s charges, where applicable)
A fee will be applied if you make an enquiry regarding a payment you have made outside the UK or a request to amend or cancel the payment. These fees are also payable for our handling of enquiries from banks outside the UK concerning your payment instructions. However, where this investigation has resulted from an error by The Co-operative Bank, or one of its agents, the fee will be waived.
We will use our standard rate of exchange. Please contact us for further information.
£6 (plus postage, transmission and agent’s charges, where applicable)
You will not be charged where the charges are for the remitter’s account. Foreign cheques deposited - service not available.
A fee will be applied for each additional copy requested.
£2.50 per statement (with a cap of £10 for each request).
A fee of £10 will be applied if you authorise a request for a status enquiry, asking whether you are likely to be able to pay back a loan, credit or meet regular payments such as rent.
There may be occasions when we will make other charges to the account. These will be notified to you at the time and you may request information about our charges for any service we offer in branch, via telephone banking on 03457 212 212 and secure message when logged into online banking.
Switching with the Current Account Switch Service is easy and if there are any problems, the Current Account Switch Guarantee covers you. It takes 7 working days to switch. Your payments are redirected and transferred automatically. Please see answers to some switching questions below or visit our switching page for more information.
Joint bank accounts are designed to help people manage their money together.
If you're opening a joint account:
If you sign up to a current account with us, you'll get access to some exclusive savings accounts too.
Never open a bank account in your name for someone else to use, or agree to move money through your account for someone else – even if they offer you money in return. If you do this, you could be committing a crime with serious consequences.
Approval is based on an assessment of your personal circumstances. To help protect you and us against fraud, we'll share the personal information from your application with fraud prevention agencies.
Our free, day-to-day current account.
Our standard, no-fee current account comes with the opportunity to opt-in to earn rewards for you or for a charity, as well as the option to apply for an overdraft. You can manage your money in-branch, through our online banking services, and in our mobile app.
Our packaged bank account featuring helpful, everyday extras for just £15 per month.
Includes mobile phone insurance, RAC UK & European breakdown cover, and worldwide travel insurance all for just £15 per month. You can manage your money in-branch, through our online banking services, and in our mobile app.
Our student account features an interest-free overdraft you can request to increase each year, starting at £1,400.
Our Student Account offers you an interest-free overdraft that you can request to increase each year; all with a bank that's committed to doing things differently. Overdraft is subject to status. Eligibility criteria and T&Cs apply.
Here are some resources you might find useful:
To add a second account holder to an existing bank account, call us on +44(0) 3457 212 212 (call charges)
If you're worried about money, visit our financial support page and find the help you need
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.
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Contact our support team