Cashplus (Zempler) vs Co-operative Bank business accounts
Important: This guide provides general information, not personalised financial advice. Financial products, rates and eligibility rules can change, so check the provider’s current terms before applying. You can check a firm’s details on the FCA Register.
FSCS protects eligible deposits up to £120,000 per person, per authorised institution.
Quick answer
Both have free starting accounts. Zempler Business Go includes three free payments out a month (then 35p) and Post Office cash deposits at £4 minimum or 0.55%; the Co-operative Bank Business Bank Account has free automated payments but charges £1.50 per £100 of cash and £1.50 per cheque.
For lots of cash, Co-op’s Plus account (£10 a month, 75p per £100) may work out cheaper.
Cashplus vs Co-op Bank compared
| Feature | Cashplus (Zempler) Business Go | Co-op Business Bank Account |
|---|---|---|
| Monthly fee | £0 | £0 |
| Payments out | 3 free, then 35p | Automated payments free |
| Cash paid in | £4 minimum or 0.55% (Post Office) | £1.50 per £100 (branch) |
| Cheques | Not stated on the plan page | £1.50 each |
| Card abroad | 2.99% | Check tariff |
| Upgrade | Extra £9 / Pro £19 | Plus £10 / Directplus £7 after 30 months |
Figures as of 4 October 2026, taken from the provider’s own website. Rates and fees can change.
Who each suits
- Cashplus: micro-businesses making few payments
- Co-op Bank: businesses making many electronic payments
Who should skip it
These are general points to weigh up, not advice. You may want to look elsewhere if:
- You bank lots of cash on either free account
Full explanation
Paying in £1,000 cash: Zempler about £5.50 (0.55%), Co-op £15 on the free account, as of 4 October 2026.
The catch
Co-op plans to transfer to Coventry Building Society on 1 January 2027.
Check each bank’s current fees.
These go straight to each provider’s own website. They aren’t referral links and we don’t earn from them.
FAQs
Which is cheaper for cash?
Zempler’s 0.55% (minimum £4) is lower than Co-op’s £1.50 per £100 on the free account.
Which is cheaper for lots of payments?
Co-op’s free automated payments, unless you upgrade with Zempler.
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