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Co-op Current Accounts

Founded in 1872, the Co-operative bank operates as an ethical financial services provider and refuses to make any investments that may be deemed morally questionable. As well as Co-op Current accounts, the company also offers customers a range of other products and services, such as mortgages, loans credit cards and offshore banking.


The standard Co-op current account comes with all of the features that may commonly be required who are searching for a suitable current account. This account includes: 

  • Free and secure online banking
  • Access to 24 hour support from UK call centres
  • A cheque book and debit card
  • Standing order and direct debit facilities
  • No monthly subscription charges (although customers may be subject to charges for going overdrawn)
  • Access to exclusive mortgage offers from the Co-operative


The two other main types of current account offered by the Co-op are examined below our comparisons table, which you can consult for a list of similar current account deals from different providers.

Latest Current Account Deals
 AccountInterest (AER)Overdraft RateFunding Required*Fee pmFeaturesApply
5.0%*0% for 12 months£1,000 per monthN/A5.0% IN-CREDIT INTEREST on balances up to £2,500 for the first year.More Info >

Nationwide FlexDirect Current Account

  • *5.0% AER fixed (4.89% gross pa) in-credit interest on balances up to £2,500 for the first 12 months
  • No monthly account fee
  • Paperless statements 
  • Visa Debit card and chequebook option
  • Manage your account online, by phone or in branch
  • Mobile app
  • No fees on arranged overdrafts for the first 12 months 
  • Must be 18 or older
  • Overdraft charge of 50p per day after the first 12 months
  • Must pay a minimum of £1,000 into the account each month, from an external source (i.e. not another Nationwide account)
N/A0% for first 3 monthsNo minimum N/A3 months interest-free overdraft and no monthly account feeMore Info >

Nationwide FlexAccount Current Account

  • Everyday current account
  • No monthly account fee
  • No fees on arranged overdraft for first 3 months
  • Free mobile banking app
  • 0% interest on any balance 
  • 18.9% EAR overdraft charge after the first 3 months (capped at maximum £5 per month)
  • Must be 18 or older

 

3.0%*0% for first £250No minimum £133.0% INTEREST on balances up to £2,500More Info >

Nationwide FlexPlus Current Account

  • *3.0% AER fixed (2.96% gross pa) in-credit interest on balances up to £2,500 
  • £13 monthly account fee
  • No fees on arranged overdrafts up to £250  
  • UK & Europe Breakdown Cover
  • Worldwide family travel insurance  
  • Free mobile banking app, text alerts and secure online banking
  • Must be 18 or older
  • Overdraft charge of 50p per day after the first 3 months
  • 0% interest on balances over £2,500 

 

N/A0% for first £250No minimumFree if funding £1,000 or £10 below £1,000Switch your current account and you'll get a free gift worth up to £150. £250 interest free overdraft. Free banking if paying over £1,000 per month. Satisfaction guarantee - £100 if you leave within 6 monthsMore Info >

First Direct 1st Current Account

  • A current account that works together with your life
  • Switch your current account and you'll get a free gift worth up to £150
  • £250 free of overdraft interest
  • Comes with satisfaction guarantee - if you leave within 6 months you'll get £100
  • Mobile banking on the go with app
  • Beautifully designed Internet Banking service
  • Award winning customer service from real people answering your calls, 24 hours a day, seven days a week
  • Must be 18 or older
  • Switch using the Current Account Switch Service and deposit £1,000 within 3 months of account opening. Account T&Cs apply
  • Must pay a minimum of £1,000 into the account each month to qualify for free banking and offers

There are also several other types of Co-op current account that are available to customers, here are some examples: 

Current Account Plus

Through the use of a current account plus, customers can make use of a number of extra benefits, although certain eligibility criteria must first be met (Minimum monthly deposit of at least £800). Extra benefits include: 

  • Access to a linked savings account
  • Overdraft facilities of up to £200 without any charges or fees
  • No subscription charges

Privilege Current Accounts

With a privilege current account from the Co-op, customers receive all of the benefits of the standard current account deal, and will also receive: 

  • Worldwide family travel insurance
  • Mobile phone insurance for loss, damage or theft
  • Access to a privilege savings account
  • Free legal advice from the Co-op legal services helpline
  • 20% off Co-operative home insurance