The Co-operative Bank launches new current account switching incentive that rewards customers and gives a donation to charity

1 Aug, 2017

Now successful current account switchers to The Co-operative Bank could be £125 better off and help give young homeless people a future by raising an additional £25 for the Bank’s charity partner Centrepoint.

From today, Tuesday 1st August 2017, The Co-operative Bank is paying £125 to eligible customers who switch their account using the Current Account Switching Service1. For every switch that is made meeting the bank’s offer criteria, the bank will make a £25 donation to its charity partner Centrepoint, to go towards the valuable work they are carrying out around the UK in support of vulnerable 16-25 year olds. This new switch offer reflects 25 years of the Co-operative Bank’s customer-led Ethical Policy, which clearly defines how the Bank offers an ethical approach to high street banking. To read more about The Co-operative Bank’s Ethical Policy visit: our Ethical Policy webpage

The offer is available to those switching to The Co-operative Bank’s five star Moneyfacts rated Current Account2 and could also benefit from the Everyday Rewards feature which means they can receive up to £5.50 per month into their account from doing everyday banking arrangements. Customers can also choose to pay their reward to one of the Bank’s nominated charities: Amnesty International; Hospice UK; Oxfam; Refuge and The Woodland Trust. 3

For customers to qualify for the switching incentive, they need to:

  • Make a full current account switch using the Current Account Switch Service;
  • Make sure a minimum of four active Direct Debits are switched to a qualifying current account;
  • Choose from one of the five qualifying accounts: standard Current Account, Current Account Plus, Everyday Extra, Privilege and Privilege Premier;
  • Available to EU residents aged 16+.

The full terms and conditions of the offer are available here:


Matthew Carter, director of products and communications at The Co-operative Bank said: “This new switching incentive is a way to thank our new customers for choosing to bank with us, and also enables them to help give young homeless people a future through our charity partner Centrepoint. Donations will help to fund the great work they’re doing to tackle youth homelessness across the UK, with their specific focus being on helping those young people aged 16-25 who are often the more vulnerable members of our communities.