The Co-operative Bank business bank account comparison and review
Discover an account that’s right for your business from The Co-operative Bank’s varied options.
![The Co-operative bank The Co-operative bank](https://www.finder.com/niche-builder/5f1851e7dd349.png)
If you’re a small business then the Co-operative Bank has your banking needs covered. With six 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.
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.
The Co-operative Bank has several types of business accounts to choose from:
Note that, much like most other banks, The Co-operative Bank does not allow the use of a personal bank account for business purposes.
With a wide range of business accounts on offer, if there is a branch local to you, Co-op Bank should have an account that suits your needs.”
Below is a list of the main benefits for each of The Co-operative Bank’s business accounts:
You can request the addition of foreign/international payments to your online banking over the phone.
Cost of international banking
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.
In our independent 2024 customer satisfaction survey, 97% of The Co-Operative Bank’s users said they’d recommend the brand to a friend. Customers highlighted the bank’s excellent customer service and competitive rates. Here’s what some of those customers had to say:
“The fees are pretty low, and it’s an ethical bank, which is why I chose it. The app is easy to use.”
“It’s so easy to use and has a feature that allows my employees to use my account too without any sort of risk”
“Easy to use website, and knowledgeable call centre staff.”
On the Apple App Store, The Co-Operative Bank’s business banking app scored 1.4 out of 5 stars based on 157 reviews. On the Google Play Store, the app scored just 1.8 out of 5 stars, from a total of 288 reviews (April 2024).
Pros
Cons
Email support | |
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Telephone support | |
In-app or live chat | |
Contact form | |
Branch support |
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 period of free banking that comes with some of these accounts is an attractive offer. However, be sure to check out the full costs involved, in case the account fees become uncompetitive when the free term ends.
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.
Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.
To find out more, read our full methodology.
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