
Free business banking with The Co‑operative Bank

The Co‑operative Bank's Community Directplus Current Account gives registered charities, community interest companies, co‑operatives and credit unions an ethical way to bank.
Banking for co‑operatives
Through our partnership with The Co-operative Bank we are pleased to signpost to the Community Directplus Account, which is FREE to co‑operatives:
- Free everyday banking
- The opportunity to apply for project funding from our Customer Donation Fund
- The only UK bank with a customer-led Ethical Policy.
The Co-operative Bank reserves the right to review the account tariff for customers whose credit turnover exceeds £1m per annum, who deposit more than £100,000 cash per annum, or who deposit more than 5,000 cheques per annum.
Before you apply for a bank account, your co-operative needs to be registered. Make sure you have:
- Worked through the start a new co-op step-by-step process.
- Used our digital tool to register your co-op.
The Co-operative Bank: Demonstrating the co-op values
Each year the Co-operative Bank provides a report to Co-operatives UK demonstrating their commitment to the co-operative values and principles.


Start a new co-op
3.1 Financing your co‑op

About The Hive
