Switching to the Co-operative Bank: how it works
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 moves your Direct Debits, standing orders, regular income, saved payees and balance in seven business days with a full switch, plus a redirect from your old account.
You need a full switch to qualify for any switching offers. On 4 October 2026 we saw a prize draw for customers rather than a fixed switch payment.
Who it’s for
- People who want an ethical bank for everyday banking
- Anyone happy to close the old account
Who should skip it
These are general points to weigh up, not advice. You may want to look elsewhere if:
- You want a guaranteed switch bonus
- You need an overdraft in place on day one — arrange it before switching
The catch
A partial switch keeps your old account open but you move payments yourself, and it won’t count for switching offers.
Read the Co-operative Bank’s switching page.
These go straight to each provider’s own website. They aren’t referral links and we don’t earn from them.
FAQs
How long does it take to switch to the Co-operative Bank?
Seven business days.
What isn’t included in the switch?
Debit card payments, mobile wallets, savings, credit cards, loans, Open Banking connections and your transaction history.
Is there a switch bonus?
We saw a monthly prize draw, not a fixed payment, on 4 October 2026.
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