Provider profileLast checked 8 November 2026
The Co-operative Bank Business Bank Account
A business current account with no monthly fee for start-ups and small businesses that bank digitally, with charges for cash and cheques.
- Cheapest plan
- £0 a month
- Available in
- UK
- Your money
- Bank · FSCS cover
What it is
The Co-operative Bank p.l.c., registered in England and Wales (990937). It is authorised by the PRA and regulated by the FCA and the PRA (FRN 121885).
How your money is protected
Eligible deposits are protected up to £120,000 by the FSCS, shared across The Co-operative Bank and smile. The bank proposes to transfer its business to Coventry Building Society on 1 January 2027, subject to court approval; after that, one £120,000 limit would cover the Bank, smile and the Society.
Our e-money vs bank account guide explains what this means if a provider fails.
Who can open one
Sole traders, partnerships, limited liability partnerships and limited companies. You and key individuals must be 18 or over, UK resident with a UK business address, free from CCJs, bankruptcy and IVAs in the last six years and from missed personal credit payments in the last six months. Limited companies must have no disqualified director, no insolvency history and no negative net worth in their last accounts.
Headline fees
| Fee | Detail |
|---|---|
| Monthly service charge | Free |
| Automated debits and credits, debit card purchases, UK cash machine withdrawals, manual credits | Free |
| Cash paid in or out | £1.50 per £100 |
| Cheques paid in or issued | £1.50 each |
| Cash exchanged | £1.60 per £100 |
| CHAPS | £15 online; £25 by phone or in writing |
| International payments | SEPA euro payments free; SWIFT £10 online |
| Payments received from abroad | Free up to £100 or in euro or Swedish krona; otherwise £6 |
| Card payments in a foreign currency | 2.75% |
Limits worth knowing
- Online banking has a daily limit of up to £250,000.
- No credit interest is paid on the account.
- Applications are subject to status and credit checks.
How it compares
- Incard vs Co-op BankFees, cashback, foreign currency, protection and eligibility side by side.
- Co-op Bank alternativesAccounts to look at if Co-op Bank doesn't cover what you need.
See all the accounts we've researched.
Our pick for card spendIncard: 1% cashback on ads, software and travel, on a £0 plan
Our pick for UK and Swiss businesses whose main costs go on cards, as long as you don't need bank deposit protection.
Read Incard vs Co-op BankWork out your cashbackCheck eligibility
We may earn a commission if you apply.
- a month on the Free plan, with team cards
- £0
- cashback on ads, software and travel; 0.5% on other eligible spend
- 1%
- IBANs in three currencies
- GBP, EUR, USD
Check The Co-operative Bank Business Bank Account's current terms
Fees and eligibility can change. Confirm them on the provider's own site before you apply.
Sources
All checked on 8 November 2026. Where a provider's help centre or legal terms differ from its marketing pages, we follow the help centre and terms.