The Co-operative Bank

We are The Co-operative Bank, an ethical bank that seeks to make a real difference for our customers and their communities. Founded on the co-operative values of self-help, self-responsibility, democracy, equity, equality and solidarity, we’ve been pioneering this different way of banking for 146 years. We believe in supporting the UK's social economy by providing our business customers with competitive products, and products they expect from a bank which reflects the values and ethics that we and our customers believe in. We are the only UK bank with a customer-led Ethical Policy, which sets us apart from other banks. This is the key reason why people and organisations who share these values choose to bank with us. Our customers know their money won’t be used in ways that conflict with their beliefs and they also know that they’re supporting their local communities simply by choosing to bank with us.

Here’s why businesses trust us with their banking:
- Providing free banking and award-winning Business Current Accounts
- Our award winning Business Directplus Current Account was rated Five Stars by Moneyfacts in 2018 and offers new customers 18 months of free banking to eligible customers. You can deposit up to £2,000 in cash and up to 100 cheques per month for free (you can write 30 cheques per month for free). There’s no monthly service charge, or charges for debit card transactions when you maintain a credit balance of £1,000 or more a month. Charges apply for exceeding the limits specified above, and for any special services used, including stopping cheques, CHAPS payments, etc.
- Our Community Directplus account also gives registered charities, community interest companies, co-operatives and credit unions an ethical way to bank for free.

And here are just a few of our most recent awards. They make us very proud and they confirm that we’re doing the right thing by our customers:
1. Our Business Directplus, FSB and Community Directplus Current Accounts have all been rated Five Stars in 2018 by Moneyfacts.
2. We were the winner of The Best Service from a Business Bank at the Business Moneyfacts awards in 2017 and 2018 and The Best Charity Banking Provider by Moneyfacts in 2016, 2017 and 2018.
3. Our branches were voted Best Branch Network in The 2018 Moneyfacts Consumer Awards.

We’ve got all your business needs covered:
It’s up to you, whatever makes doing your banking easier and more convenient. We have a number of ways you can bank: through our online banking platform, over the phone through our UK call centre, or by visiting any one of our award-winning branches. You can even pay in cash or cheques via your local Post Office® by arrangement.

A bank you can trust with your business:
Our unique banking approach means our offer is compelling to many different types of SME businesses, whether a pioneering start-up, sole trader, a caring community-focused charity or forward-thinking co-operative or social enterprise. We look after the banking needs of over 90,000 SMEs, 700 co-operatives, 5,000 charities, and 279 credit unions. In 2017, we lent around £40m to charities and social enterprises, and £23m to co-operatives and mutuals.

Providing funding to support local projects and fundraising activities:
Our Community Directplus account holders can apply for up to £1,000 from our customer donation fund to support special projects and fundraising activities. Since 2003, we’ve donated over £770k to 893 organisations.

Giving customers a say:
Banking with The Co-operative Bank really does help to make a difference. We believe that successful ethical businesses help to transform communities, build better societies and have the power to drive change.

Visit website

The communication of Business Banking Switch offers by Royal Bank of Scotland to eligible customers does not represent an endorsement or recommendation of those offers. Customers must consider the full terms and conditions of the products offered in line with their current and future banking needs, and seek independent advice where necessary. Available offers may change or be withdrawn at any time. Each participating bank's own application process, criteria and conditions apply and these may change from time to time.

Ready to get started?

The process will take roughly 20 minutes. You’ll need to have the following information to hand to view your offers and submit your interest to selected banks:

Start browsing offers

Still have questions? Find out more in Support

Account details

By telling us your account number and sortcode, we can check your eligibility for the scheme and save you time later. We can also ensure that you see the best the offers for you. 

You can find your 8 digit account number and 6 digit sort code via one of the following:

  • Logging in to Digital Banking or our mobile app
  • Your cheque book
  • Your credit book
  • Your bank statement
  • At a branch - they can print off the account number and sort code for you

Contact information

By telling us your preferred contact details, we can register  your interest in the scheme and ensure we have the most up-to-date details.

Also, by submitting these you are giving your consent for the selected bank(s) to contact you.