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The Co-operative Bank Business
3.9(2,187 reviews)
FSCS ProtectedEthical BankingCustomer Owned
Overview
The Co-operative Bank combines ethical banking principles with comprehensive business services, offering transparent and responsible banking.
Banking Features
business Account
personal Account
savings Account
current Account
multi Currency
overdraft Facility
business Loans
credit Cards
debit Cards
mobile App
online Banking
branch Network
atm Network
phone Support
relationship Manager
Pros
- Strong ethical values
- Customer-owned bank
- Transparent policies
- Good customer service
- Post Office access
Cons
- No physical branches
- Higher overdraft rates
- Limited international services
- Smaller than major banks
- No multi-currency accounts
Best For
Ethically-focused businesses
Social enterprises
Companies valuing transparency
Businesses comfortable with digital banking
FSCS Protected • FCA & PRA Regulated
Fees
monthly Fee
£7.50
transaction Fees
35p after 25 free transactions
cash Withdrawal Fee
Free at Post Office
international Transfer Fee
£15-£30
overdraft Rate
9.0% - 12.0% APR
atm Fee
Free at most UK ATMs
Interest Rates
savings Rate
1.4% - 2.4% AER
business Savings Rate
1.7% - 2.8% AER
overdraft Rate
9.0% - 12.0% APR
loan Rate
7.5% - 15% APR
Regulation
Regulators
FCAPRA
Deposit Protection
FSCS Protected
Protection Limit
£85,000 per person
Services
Branch Count
0
ATM Network
5000
Support Hours
8am-8pm Mon-Sat, 9am-5pm Sun
Account Opening
5-10 days
Ratings Breakdown
service
4.2
fees
3.6
app
3.8
reliability
4