The Co-operative Bank review and offers
The Co-operative Bank was founded in 1872 and is one of the UK's original ethical banks. They're particularly known for their customer-led ethical policy, which was the first of its kind in UK banking. With around 3 million customers, they're smaller than the big high street banks but have a loyal following, particularly among customers who value ethical banking principles.
Current The Co-operative Bank offers
The Co-operative Bank review
Completed the offer? Awesome! Here's our full review on why The Co-operative Bank could work well for you going forward.
The Co-operative Bank was founded in 1872 and is one of the UK's original ethical banks. They're particularly known for their customer-led ethical policy, which was the first of its kind in UK banking. With around 3 million customers, they're smaller than the big high street banks but have a loyal following, particularly among customers who value ethical banking principles.
Is The Co-operative Bank safe?
Yes. The Co-operative Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and PRA (firm reference 121885). Your deposits are protected up to £120,000 by the Financial Services Compensation Scheme (FSCS). Despite the similar name, The Co-operative Bank is now a separate company from the Co-op retail chain – they parted ways in 2017, though the bank kept the name and branding.
Who is The Co-operative Bank for?
The Co-operative Bank is ideal for customers who value ethical banking. Their ethical stance means they refuse to invest in fossil fuels, weapons manufacturing, companies with poor human rights records, and businesses involved in animal testing for cosmetics. If you want your bank to align with your values, they're worth considering as a longer-term bank beyond just the switch bonus.
Top Co-operative Bank Features
Strong ethical policy
Customer-led ethical policy that refuses to invest in harmful industries like fossil fuels, weapons, and poor labour practices.
Solid mobile app
4.8 stars on App Store (80k reviews) and 4.6 on Google Play (51k reviews). Covers all the features you'd expect from a full-service bank.
No monthly fees
The Everyday Current Account has no monthly fee, making it straightforward for the switch offer.
FSCS protected
Deposits protected up to £120,000 by the Financial Services Compensation Scheme.
Pros and Cons
Pros
- Strong ethical banking principles
- Good mobile app with high ratings
- No monthly account fee
- Generous switch bonus with optional stay incentives
Cons
- Smaller branch network than major high street banks
- Hard credit check on application
- Must use CASS to switch (closes your old account)
Our Verdict
The Co-operative Bank offers a solid switch bonus that's easy to qualify for. The main £100 bonus requires minimal effort – just switch via CASS, deposit £1,000, and make 10 transactions within 25 days. If you want to maximise your earnings, the optional stay incentive adds another £75 over three months. The ethical banking stance is a genuine differentiator if that matters to you, though you don't need to stay long-term to benefit from the switch offer.
Recent ended The Co-operative Bank offers
£100 Free Cash
Ended 31 Mar 2026
The Co-operative Bank FAQs
Does The Co-operative Bank have any Quidsy offers right now?
Yes. Quidsy currently lists 1 The Co-operative Bank offer above, each with its own step-by-step guide.
Who is The Co-operative Bank for?
The Co-operative Bank is ideal for customers who value ethical banking. Their ethical stance means they refuse to invest in fossil fuels, weapons manufacturing, companies with poor human rights records, and businesses involved in animal testing for cosmetics. If you want your bank to align with your values, they're worth considering as a longer-term bank beyond just the switch bonus.
Has The Co-operative Bank had offers before?
Yes. Recent ended The Co-operative Bank offers are listed above so you can see what has changed and avoid chasing an old promotion.
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Start earning with The Co-operative Bank
£49 Free Cash is the strongest live The Co-operative Bank route we have listed right now.