Cashminder - our basic bank account

For people with no credit history or a low credit score who want a basic bank account they can use online and on mobile.

It's easy to apply for and easy to manage online and via the app. Cashminder comes with a PVC-free VISA debit card and gives you the option to make payments using Apple Pay, Google Pay or Samsung Pay.


Charges for this account


  • There's no credit check, but we vigilantly monitor fraud.

  • Available as a joint account.

  • No charges for opening this account.

  • No overdraft, cheque book or monthly charge.

  • Apply even if you have experienced bankruptcy or you have no or low credit rating.

  • Each account holder gets their own PVC-free debit card.

  • Access to online and mobile banking.

  • Use of Apply Pay / Google Pay / Samsung Pay.


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 Current Account Switch Guarantee, so you don't need to worry about missing payments.

Find out more about switching

Current account switch guarantee

Charges for this account

Account fees

There is no monthly fee for this account.

Other charges

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.

Go to all other charges

To apply you must:

  • 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 visible to other lenders 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.

You must read the Important documents below and save for future reference.

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.

Alternatively, visit us in branch.

Use our branch locator to find your nearest branch

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).

FSCS logo

Financial Services Compensation Scheme

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.

Please click here for further information or visit

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