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

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

Below we look at both Co-operative Bank and MultiPass 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 MultiPass Trustpilot Reviews

	Co-operative Bank	MultiPass
Trustpilot Review Score (out of 5)	4.2	4.5
Percent 5-Star Reviews	51%	81%
Percent 1- Star Reviews	39%	12%
Total Number of Reviews	7,699	74

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

Co-operative Bank vs MultiPass App Reviews

	Co-operative Bank	MultiPass
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 MultiPass Account Fees & Charges

	Co-operative Bank	MultiPass
Free Business Bank Account	Yes	No
Free Business Account Term Length	30 Months	NA
Cheapest Monthly Account Fee	Free	£29
Most Expensive Monthly Account Fee	Free	£250
Electronic Payment Cost (in/out)	Free	Free + 50p
Cash Payments Cost (in/out)	£1.50 per £100	Free / £1 per £100
Cheques (in/out)	£1.50	Free
CHAPS Payments Cost	£25	£18
SEPA Payments Cost	No	â‚¬1

Co-operative Bank vs MultiPass Business Savings Rates

	Co-operative Bank	MultiPass
Types of Business Savings Accounts	Instant access, 35+ day, 95+ day	None
Lowest Savings Rate (AER)	1.63%	NA
Maximum Savings Rate (AER)	2.51%	NA
Minimum Savings Amount	No	NA
Interest Paid On Foreign Currencies	No	Yes

Co-operative Bank vs MultiPass Account Opening Times

	Co-operative Bank	MultiPass
Can You Apply Online?	Yes	Yes
How Long Does Opening An Account Typically Take?	5 Working days	10 minutes
Do They Check Your Credit?	Yes	Yes
Current Account Switch Service	Yes	No

Co-operative Bank vs MultiPass Features & Account Types

Co-operative Bank Account Types — *Co-operative Bank Features & Account Types*

MultiPass Account Types — *MultiPass Features & Account Types*

	Co-operative Bank	MultiPass
Business Current Account	Yes	Yes
Business Savings Account	Yes	No
Business Credit Card	Yes	No
Business Overdraft	Yes	No
Accounts For Startups	Yes	Yes
Accounts For Charities	Yes	No
Accounts For Sole Traders	Yes	Yes
Joint Business Accounts Available	Yes	No
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	None, online only

Co-operative Bank vs MultiPass Customer Support Options

	Co-operative Bank	MultiPass
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 MultiPass Foreign Currency Accounts

	Co-operative Bank	MultiPass
US Dollar (USD) Bank Accounts	Yes	Yes
Euro (EUR) Bank Accounts	Yes	Yes
Other Currencies Available:	No	AZN BRL BYN BGN HRK HUF ILS INR KZT KRW LAK LTL MXN MYR NOK PHP PLN RON RUB SEK SGD THB TRY UAH VND ZAR

Other Business Services From Co-operative Bank and MultiPass

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

Co-operative Bank vs MultiPass Banking Basics

	Co-operative Bank	MultiPass
Bank Type	High Street	Challenger
FSCS Protection	Yes, up to £85,000	No
FCA Number	990937	900840
Website	Co-operative Bank Website	MultiPass Website

Common Comparison Questions

Does Co-operative Bank or MultiPass 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, MultiPass scores 4.5 out of 5 based 74 Trustpilot reviews. Of which 81% are 5-star and 12% are 1-star.

Does Co-operative Bank or MultiPass 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, MultiPass’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 MultiPass 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, MultiPass offers None accounts with interest rates ranging from NA to NA (AER).

See Other Comparisons:
Co-operative Bank vs Reliance Bank
Co-operative Bank vs SumUp Business Account
Co-operative Bank vs Cambridge & Counties Bank
Co-operative Bank vs Recognise Bank
Co-operative Bank vs Dudley Building Society

For other business bank accounts see our guide here.

Compare UK Business Bank Accounts