The Co-operative Bank business bank account comparison and review

If you’re a small business then the Co-operative Bank has your banking needs covered. With 4 different business accounts to choose from there is something for everyone, including a 30-month fee-free offer which will help new start-ups. Below, you’ll discover everything you need to know about the features available with The Co-operative Bank business accounts, plus how well they compare to other business bank accounts.

Compare The Co-operative Bank’s business accounts

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Finder Score	Account fee	Bank transfers	Requires credit check	Arranged overdraft	Accounting integrations	Account management	Key benefits	Business bottom txt
8.6Great The Co-operative Bank Business Bank Account Plus	8.6Great	£10 per month	£0			QuickBooks, Sage, Xero, Multiple providers	Branch, online, app & phone	Continue View details Compare product selection Compare	loading
Not yet rated The Co-operative Bank FSB Business Banking	Not yet rated	Free	£0			QuickBooks, Sage, Xero, Multiple providers	Branch, online, app & phone	Continue View details Compare product selection Compare	loading
Not yet rated The Co-operative Bank Charity and Community Bank Account	Not yet rated	Free	£0			QuickBooks, Sage, Xero, Multiple providers	Branch, online, app & phone	Continue View details Compare product selection Compare	loading

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Finder Score for bank accounts

To make comparing even easier we came up with the Finder Score. Fees, features and customer service across 20+ of the most popular banks are all weighted and scaled to produce a score out of 10. The higher the score the better the account – simple.

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What is The Co-operative Bank business banking?

The Co-operative Bank has been around for over 150 years and provides customers with a range of financial products, including current and savings accounts, loans, mortgages and insurance.

The bank’s business arm offers current and savings accounts to businesses of various sizes, as well as business loans and merchant services, such as card acceptance solutions.

What type of business accounts does The Co-operative Bank offer?

The Co-operative Bank has several types of business accounts to choose from:

• Business Directplus. For startups or established businesses that occasionally pay in cash or cheques.
• Business bank account. For startups and growing businesses that bank digitally.
• FSB business banking account. For members of the Federation of Small Businesses.
• Charity and Community account. For registered charities, co-operatives, credit unions and community interest companies.

Note that, much like most other banks, The Co-operative Bank does not allow the use of a personal bank account for business purposes.

The Co-operative Bank business banking features and charges

Below is a list of the main benefits for each of The Co-operative Bank’s business accounts:

Business Directplus

• 30 months of free everyday business banking for new The Co-operative Bank business customers who maintain a credit balance of £1,000 or more.
• No charges for all automated credits and cash withdrawals.
• Deposit £1,000 in cash and 25 cheques per month for free.
• At the end of the 30-month free banking period, you will be transferred to a standard Business Directplus tariff (£7 per month).
• Access to online banking, business insurance, legal services and merchant services.

Business current account

• No monthly service charge.
• No charges for automated credits and cash withdrawals.
• Fee of £1.50 per £100 cash deposit and £1.50 per item for cheques paid in.
• Access to online banking, business insurance, legal services and merchant services.

FSB business banking

• Available to members of the Federation of Small Businesses
• No monthly service fee.
• Free business banking services, such as paying in cheques and up to £1,000 cash per month (80p per £100 extra for higher amounts).
• Option to apply for an overdraft (interest will apply).
• A debit card without a monthly card fee.
• Access to online banking and free business webinars.

Charity and community bank account

• No monthly service fee.
• Free everyday banking.
• For registered charities, co-operatives, credit unions and community-interest companies.
• The option to apply for a donation of up to £1,000 to support special projects and fundraising activities.
• Free ATM withdrawals in the UK (at non-charging machines).
• Your account tariff might be reviewed if your turnover exceeds £1 million per annum or if you deposit more than £100,000 cash or 5,000 cheques per annum.

The Co-operative Bank international business banking

You can request the addition of foreign/international payments to your online banking over the phone.

Cost of international banking

• Non-sterling transaction fee – 2.75% of the value of the transaction.
• Cash withdrawal in a foreign currency outside the UK – free, but there’s a currency conversion charge of 2.75%.
• Cash withdrawal fee for business credit card – 3% plus currency conversion charge of 2.75%.
• International payments – £8 to £25, depending on the method.
• Receiving payments from overseas (in sterling or foreign currency) – free up to £100 or equivalent.

The Co-operative Bank business banking contact details

Depending on your query, The Co-operative Bank can be contacted using the following numbers:

Business account fraud: 03457 213 213.

Lines always open.

Business VISA charge card: 0345 606 6701.

Lines open Monday to Friday 8am to 6pm and Saturday 9am to 12pm.

Digital banking, international payments, general enquiries: 03457 213 213.

Lines open Monday to Friday 8am to 6pm and Saturday 9am to 12pm.

CHAPS payment queries: 0345 604 4533.

Lines open Monday to Friday 8am to 5pm.

You can also discuss your business account by going into one of The Co-operative Bank’s branches.

What do customers say about The Co-operative Bank?

80% of customers we surveyed in 2026 would recommend The Co-operative Bank to a friend.

It appeals strongly to businesses looking for a provider with ethical banking practices and solid brand values. Customers generally experience friendly, helpful customer service and appreciate the straightforward, flexible account management.

On the downside, the digital experience is often described as lacking "bells and whistles" and being slow to update, while the widespread closure of physical branches remains a frustration for many.

AI-generated summary from the text of customer reviews on Finder.

Pros and cons of The Co-operative business banking

Customer service information for The Co-operative Bank

Our verdict

You can use online and mobile banking with business accounts from The Co-operative, plus the bank has a branch network, albeit a small one. The range of accounts available means you’ll probably find one to suit your business needs, while the Directplus account’s period of free everyday banking is an attractive offer. However, be sure to check out the full costs involved, especially when the 30 months are up.

Get started by visiting The Co-operative’s website and sign up for an account. If you have read this review and decided that The Co-operative’s account is not for you, you can also compare other business bank accounts on the market.

Written by

Ronny Lavie

Editor

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Ronny Lavie was a deputy editor at Finder, specialising in insurance content. She has almost a decade of experience writing about financial topics, including five months spent as the interim managing editor for the Fintech Times newspaper. Ronny has a Master of Arts in Creative Writing from London Middlesex University. See full bio

Co-written by

Nick Renaud-Komiya

Writer

Nick Renaud-Komiya has been a writer and reporter for nine years, covering a range of consumer issues from energy suppliers to banking and mortgage issues. He enjoys helping people take control of their personal finances and better understand their consumer rights. Nick’s consumer writing and money journalism has been featured in a range of outlets including MoneySavingExpert.com, The Sunday Mirror, The Independent and Money.co.uk. Outside of work Nick enjoys cooking and collecting old David Bowie merch. See full bio