The Co-operative Bank launches £300 switching incentive and expands Charity and Community Account eligibility

Eligible charity and community organisations of any size can now access the award-winning account following removal of the previous £2m turnover limit

The Co-operative Bank has today launched a new £300 switching incentive for eligible charity and community organisations and removed the previous £2m turnover limit on its Charity and Community Account.

The change means eligible organisations of any size can now access the account, helping more charities and community organisations benefit from a banking proposition designed specifically for the sector.

The £300 incentive is available to eligible organisations that open a Charity and Community Account, actively use it and complete a full switch.

Available to registered charities, community interest companies, co-operatives and credit unions, the Charity and Community Account currently has no monthly account fee and no charges for everyday banking transactions.

The Co-operative Bank has been named Best Charity Banking Provider at the Moneyfacts Business Banking Awards for 11 consecutive years, reflecting its long-standing support for charities and community organisations.

Laura Willerton, Head of Commercial Deposits at The Co-operative Bank, said:

"At a time when many charities and community organisations are being asked to do more with less, every pound counts.

"Removing the turnover limit means organisations of any size can now access our Charity and Community Account, while the new £300 incentive puts extra money back where it belongs: funding services, supporting beneficiaries and strengthening communities."