Co-operative Bank business accounts: fees compared
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
The Co-operative Bank’s Business Bank Account has no monthly fee and free automated payments, debit card purchases and cash withdrawals, as of 4 October 2026. Cash paid in or out at a branch costs £1.50 per £100, and cheques £1.50 each.
Business Bank Account Plus costs £10 a month with cheaper cash and cheque charges; Business Directplus is free for 30 months, then £7 a month.
Who it’s for
- Digital-first start-ups and small businesses (Business Bank Account)
- Established businesses handling more cash (Plus)
- Charities, co-operatives and FSB members, which have dedicated accounts
Who should skip it
These are general points to weigh up, not advice. You may want to look elsewhere if:
- You deposit a lot of cash on the free account — £1.50 per £100 is high
Business account fees
| Item | Business Bank Account | Business Bank Account Plus | Business Directplus |
|---|---|---|---|
| Monthly fee | £0 | £10 | Free for 30 months, then £7 |
| Automated debits and credits | Free | Free | Free |
| Cash in or out at branch | £1.50 per £100 | 75p per £100 | £1,000 free per period, then 80p per £100 |
| Cheques | £1.50 each | 75p each | 25 free per period, then 75p each |
Figures as of 4 October 2026, taken from the provider’s own website. Rates and fees can change.
The catch
The Co-operative Bank plans to transfer its business to Coventry Building Society on 1 January 2027, subject to court approval. Business customers should watch for updates.
Compare the accounts on the Co-operative Bank’s site.
These go straight to each provider’s own website. They aren’t referral links and we don’t earn from them.
FAQs
Is the Co-operative Bank business account free?
The Business Bank Account has no monthly fee, but cash and cheque charges apply.
Which account suits a business handling cash?
Plus has lower cash charges (75p per £100) for a £10 monthly fee; Directplus includes £1,000 of free cash each period.
Does it integrate with accounting software?
Yes, all its standard business accounts include free accountancy software integration.
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