Co-operative Bank VS Charity Bank: Business Banking Review & Fee Comparison

Is Co-operative Bank or Charity Bank better for your small business?

Below we look at both Co-operative Bank and Charity Bank reviews on Trustpilot along with their App reviews from Apple and Google.

We then look at typical fees, business savings rates, foreign currency options and a whole bunch of other account features to help you make up your mind.

Co-operative Bank vs Charity Bank Trustpilot Reviews

	Co-operative Bank	Charity Bank
Trustpilot Review Score (out of 5)	4.2	3.3
Percent 5-Star Reviews	51%	33%
Percent 1- Star Reviews	39%	34%
Total Number of Reviews	7,699	3

Sources:
https://www.trustpilot.com/review/co-operativebank.co.uk
https://www.trustpilot.com/review/charitybank.org

Co-operative Bank vs Charity Bank App Reviews

	Co-operative Bank	Charity Bank
iPhone Review Score (out of 5)	4.7	No Rating
Number of iPhone Reviews	47,800	No Reviews
Android Review Score (out of 5)	4.3	No Rating
Number of Android Reviews	33,000	No Reviews

Sources:
https://apps.apple.com/gb/app/co-operative-bank/id1439204021
https://www.apple.com/uk/app-store/

Co-operative Bank vs Charity Bank Account Fees & Charges

	Co-operative Bank	Charity Bank
Free Business Bank Account	Yes	No
Free Business Account Term Length	30 Months	NA
Cheapest Monthly Account Fee	Free	Free
Most Expensive Monthly Account Fee	Free	Free
Electronic Payment Cost (in/out)	Free	No
Cash Payments Cost (in/out)	£1.50 per £100	Free
Cheques (in/out)	£1.50	Free
CHAPS Payments Cost	£25	£10
SEPA Payments Cost	No	20p

Co-operative Bank vs Charity Bank Business Savings Rates

	Co-operative Bank	Charity Bank
Types of Business Savings Accounts	Instant access, 35+ day, 95+ day	CITR accounts, Easy Access, Notice Accounts, Fixed Account
Lowest Savings Rate (AER)	1.63%	2.02%
Maximum Savings Rate (AER)	2.51%	4.51%
Minimum Savings Amount	No	£1,000
Interest Paid On Foreign Currencies	No	No

Co-operative Bank vs Charity Bank Account Opening Times

	Co-operative Bank	Charity Bank
Can You Apply Online?	Yes	Yes
How Long Does Opening An Account Typically Take?	5 Working days	Undisclosed
Do They Check Your Credit?	Yes	Yes
Current Account Switch Service	Yes	Yes

Co-operative Bank vs Charity Bank Features & Account Types

	Co-operative Bank	Charity Bank
Business Current Account	Yes	Yes
Business Savings Account	Yes	Yes
Business Credit Card	Yes	No
Business Overdraft	Yes	No
Accounts For Startups	Yes	Yes
Accounts For Charities	Yes	Yes
Accounts For Sole Traders	Yes	Yes
Joint Business Accounts Available	Yes	Yes
Card Type	Visa	Mastercard
Online Banking	Yes	Yes
Mobile Banking	Yes	No
In Person/Branch Banking	Yes	No
Branch Locations	Limited locations accross the UK	Tonbridge

Co-operative Bank vs Charity Bank Customer Support Options

	Co-operative Bank	Charity Bank
Phone Support Available	Yes	Yes
Email Support Available	Yes	Yes
App Based Support	Yes	No
Web Based Support	Yes	Yes
In person Customer Support	Yes	No

Co-operative Bank vs Charity Bank Foreign Currency Accounts

	Co-operative Bank	Charity Bank
US Dollar (USD) Bank Accounts	Yes	No
Euro (EUR) Bank Accounts	Yes	No
Other Currencies Available:	No	No

Other Business Services From Co-operative Bank and Charity Bank

	Co-operative Bank	Charity Bank
Business Loans	Yes	Yes
Commercial Mortgages	Yes	Yes
Invoice Financing	Yes	No
International Payments	Yes	Yes
Merchant Payment Services	Yes	No
Card Machines	No	No
Free Accounting Software	Yes	No

Co-operative Bank vs Charity Bank Banking Basics

	Co-operative Bank	Charity Bank
Bank Type	High Street	Challenger
FSCS Protection	Yes, up to £85,000	Yes, up to £85,000
FCA Number	990937	207701
Website	Co-operative Bank Website	Charity Bank Website

Common Comparison Questions

Does Co-operative Bank or Charity Bank have better customer reviews?

Co-operative Bank scores 4.2 out of 5 based 7,699 Trustpilot reviews. Of these reviews 51% are 5-star and 39% are 1-star.

Whereas, Charity Bank scores 3.3 out of 5 based 3 Trustpilot reviews. Of which 33% are 5-star and 34% are 1-star.

Does Co-operative Bank or Charity Bank have a better App?

Co-operative Bank’s iPhone App is rated 4.7 out of 5 based on 47,800 reviews. And it’s Android App is rated 4.3 out of 5 based on 33,000 reviews.

In comparison, Charity Bank’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.

Does Co-operative Bank or Charity Bank have better business savings rates?

Co-operative Bank offers the following types of business savings accounts: Instant access, 35+ day, 95+ day with interest rates ranging from 1.63% to 2.51%. (AER)

In contrast, Charity Bank offers CITR accounts, Easy Access, Notice Accounts, Fixed Account accounts with interest rates ranging from 2.02% to 4.51% (AER).

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For other business bank accounts see our guide here.