Full product details for the The Co-operative Bank Current Account, including application criteria, incentives, facilities, overdraft, rates and fee & charges. Apply online now.
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| Company: | The Co-operative Bank
www.co-operativebank.co.uk
| The Co-operative Bank
www.co-operativebank.co.uk
| The Co-operative Bank
www.co-operativebank.co.uk
|
| Product: | Current Account Plus | Privilege Account (Traveller) | Current Account |
| | details | details | details |
| Apply via this site: |  | Not available | Not available |
| | | | |
| Application Criteria | |
 Minimum income: | £0 | £0 | £0 |
| Minimum Monthly Credit: | £1,000 | £0 | £0 |
| Minimum Investment: | £0 | £0 | £0 |
| Maximum Investment: | Unlimited | Unlimited | Unlimited |
| Minimum Age: | 18 | 18 | 16 |
| Maximum Age: | Unlimited | Unlimited | Unlimited |
| Existing Customer Only: |  | | |
| Area Restrictions: | none | none | none |
| Transfer Assistance: |  | | |
| Incentives | |
| Account Promotions: | | | |
| Incentive Cashback £: | £0 | £0 | £0 |
| Incentive Moneyback: | | | |
| Incentive Pref Rate/Deals: | | | |
| Incentive Disc/Vouchers: | | | |
| Incentive Breakdown: | | | |
| Incentive Protection: | | | |
| Incentive Other Insurance: | | | |
| Incentive Savings Sweep: | | | |
| Incentive Currency: | | | |
| Incentive Other: | | | |
| Facilities | |
| Internet Banking: | | | |
| Branch Banking: | | | |
| Telephone Banking: | | | |
| Post Office Banking: | | | |
| Standing Orders: | | | |
| Direct Debits: | | | |
| BACS Transfers: | | | |
| CHAPS Transfers: | | | |
| Bill Payment Service: | | | |
| Statement Frequency: | monthly | monthly | monthly |
| Min Additional Deposit: | Unlimited | Unlimited | Unlimited |
| Minimum Withdrawal: | Unlimited | Unlimited | Unlimited |
| Withdrawal Restrictions: | none | none | none |
| ATM Card: | | | |
| ATM Mini Statements: | | | |
| Max ATM Withdrawal: | £250 | £250 | £250 |
| Cheque Book: | | | |
| Cheque Guarantee Card: | £100 | £100 | £100 |
| Cheque Clearance Time: | 4 | 4 | 4 |
| Debit Card: | | | |
| Debit Card Type: | Visa | Visa | Visa |
| Passbook: | | | |
| Text Messaging Events: | | | |
| Text Mini Statements: | | | |
| Travel Ins Winter Sport: | | | |
| Overdraft | |
| Overdraft Facility: | | | |
| Interest Free O/D Limit: | £0 | £200 | £10 |
| Automatic O/D Facility: | £0 | £200 | £10 |
| Overdraft Buffer Limit: | £200 | £0 | £0 |
| Overdraft Arrangement Fee: | | | |
| Auth O/D Rate-APR/EAR: | 15.9% | 12.9% | 15.9% |
| Mthly Auth O/D Charge: | £0 | £0 | £0 |
| Unauth O/D Rate-APR/EAR: | 15.9% | 15.9% | 15.9% |
| Mthly Unauth O/D Charge: | £20 | £20 | £20 |
| Overdraft Letter Charge: | £0 | £0 | £0 |
| Rates | |
| Headline Interest Rate: | 0% | 0% | 0% |
| Rate Guarantee: | | | |
| Introductory Bonus: | 0% | 0% | 0% |
| Amount of Bonus: | 0% | 0% | 0% |
| Open-ended Bonus: | 0% | 0% | 0% |
| Non Standard Tiers: | | | |
| Gross AER - £1/£50: | 0% | 0% | 0% |
| Gross AER - £500: | 0% | 0% | 0% |
| Gross AER - £1,000: | 0% | 0% | 0% |
| Gross AER - £2,500: | 0% | 0% | 0% |
| Gross AER - £5,000: | 0% | 0% | 0% |
| Gross AER - £10,000: | 0% | 0% | 0% |
| Gross AER - £25,000: | 0% | 0% | 0% |
| Gross AER - £50,000: | 0% | 0% | 0% |
| Gross AER - £100,000: | 0% | 0% | 0% |
| Interest Variant: | | | |
| Fee & Charges | |
| Free Banking: | | | |
| Monthly Charge: | £0 | £8.5 | £0 |
| Standing Order Charge: | £0 | £0 | £0 |
| S/O Setting Up Charge: | £0 | £0 | £0 |
| S/O Amendment Charge: | £0 | £0 | £0 |
| S/O Cancellation Charge: | £0 | £0 | £0 |
| Unpaid S/O Charge: | £30 | £30 | £30 |
| Direct Debit Charge: | £0 | £0 | £0 |
| Debit card charge Europe: | 0% | 0% | 0% |
| D/D Setting Up Charge: | £0 | £0 | £0 |
| D/D Amendment Charge: | £0 | £0 | £0 |
| D/D Cancellation Charge: | £0 | £0 | £0 |
| Unpaid D/D Charge: | £30 | £30 | £30 |
| CHAPS Charge: | £25 | £25 | £25 |
| Stopped Cheque Charge: | £10 | £10 | £10 |
| Unpaid Cheque Charge: | £30 | £30 | £30 |
| Transaction Charge: | 0 | 0 | 0 |
| Unauth Transaction Fee: | £20 per day | £20 per day | £20 per day |
| ATM Withdrawal Charge: | £0 | £0 | £0 |
| ATM charge Europe: | 2% | 2% | 2% |
| A/c Transfers Int. Free: | | | |
| Bankers Draft Charge: | £10 | £10 | £10 |
| Bankers Reference Charge: | £10 | £10 | £10 |
| Copy Cheque Charge: | £5 | £5 | £5 |
| Duplicate Stat Charge: | £5 | £5 | £5 |
| Special Clearance Charge: | £10 | £10 | £10 |
| Forex fee % Europe: | 2.75% | 2.75% | 2.75% |
| Other Charges: | | | |
An end to investing in firms which experiment on apes, along with those who manufacture arms using depleted uranium, is on the agenda at the Co-op.
The Co-operative Bank has launched a wide-scale review into the ethical financial services sector.
According to the firm, the market leader in the UK's ethical banking sector, their "sustainable" financial model is uniquely well-suited to weathering the current volatility affecting the markets.
The review takes the form of a series of questionnaires, sent out to the Co-op's two million customers. Questions on how the bank's policy should relate to international development, ecology and social enterprise will be prominent in the review - which is the most wide-ranging undertaken by the firm in 16 years.
Among the proposals tabled by the Co-op is a pledge to stop investing in companies which use apes for medical testing and those which manufacture weapons incorporating depleted uranium.
David Anderson, Co-op chief executive, commented: "In the current economic climate we believe it is more important than ever to take an ethical approach to business. Our unique ethical policy has been at the core of our business since 1992 and has proved to be an excellent reflection of our customer's views and an excellent predictor of the general direction of trends in society.
"Our policy has always been at the cutting edge and we wish to remain a progressive business voice."
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