Co-operative Bank vs Wise: Business Savings & Current Account Comparison

Co-operative Bank and Wise both offer a range of business banking options. But which is better?

Below we compare Co-operative Bank vs Wise on 61 different metrics including business savings account rates, current account fees, Trustpilot reviews and many, many more so you can decide for yourself.

Co-operative Bank vs Wise Business Savings Accounts Comparison

	Co-operative Bank	Wise
Types of Savings Accounts	Instant Access, 35 or 95 Day Notice Accounts	Instant Access GBP, USD & EUR Accounts
Lowest Savings Rate	1.53%	4.54%
Maximum Savings Rate	2.42%	4.54%
Minimum Investment Amount	£0	£1
Website	Co-operative Bank Website	Wise Website

Co-operative Bank vs Wise Free Business Bank Accounts

Below we look at the free business bank account options Co-operative Bank and Wise each offer.

	Co-operative Bank	Wise
Free Business Bank Account?	Yes	No
Free Business Account Term Length	24 months	NA

Co-operative Bank vs Wise Fees & Pricing

	Co-operative Bank	Wise
Cheapest Monthly Account Fee	Free	£9
Most Expensive Monthly Account Fee	£10	£9
Electronic Payments (in/out)	£0.20	free
Cash Payments (in/out)	£0.30/£1.50	free
Cheques (in/out)	£0.30 / £1.50	not accept cheques
Debit Card Payments	Yes	No
CHAPS Payments	£25	£25
SEPA Payments	free	free

Co-operative Bank vs Wise Account Types

Below we look at the different types of business bank accounts and other types of business finance solutions Co-operative Bank and Wise offer.

	Co-operative Bank	Wise
Current Account Switch Service	Yes	No
Type of Card (Mastercard vs VISA)	Mastercard	Mastercard
Business Current Account	Yes	Yes
Business Savings Account	Yes	No
Business Credit Card	Yes	No
Business Overdraft	Yes	No
Business Loans	Yes	No
Commercial Mortgages	Yes	No
Online Banking	Yes	Yes
Mobile Banking	Yes	Yes
In person/Branch Banking	Yes	No
Invoice Financing	Yes	No
International Payments	Yes	Yes
Merchant Services	Yes	No
Free Accouting Software	No	No

Co-operative Bank vs Wise Foreign Currency Accounts

In this section we look at what types of foreign currency accounts each bank offers.

	Co-operative Bank	Wise
US Dollar (USD) Bank Account	No	Yes
Euro (EUR) Bank Account	No	Yes
Other Currencies Available	None	AUD – Australian dollar, BGN – Bulgarian lev, BRL – Brazilian real, CAD – Canadian dollar, CHF – Swiss franc, CZK – Czech koruna, DKK – Danish krone, EUR – Euro, GBP – British pound, HKD – Hong Kong dollar, HUF – Hungarian forint, IDR – Indonesian rupiah, INR – Indian rupee, JPY – Japanese yen, MYR – Malaysian ringgit, NOK – Norwegian krone, NZD – New Zealand dollar, PLN – Polish złoty, RON – Romanian leu, SEK – Swedish krona, SGD – Singapore dollar,

Co-operative Bank vs Wise User Reviews

	Co-operative Bank	Wise
Trustpilot Score (out of 5)	3.7	4.3
Number of Trustpilot Reviews	5034	193215
iPhone App Score	4.8	4.6
Number iPhone of Reviews	38858	29.4K
Android App Score	3.3	4.8
Number of Android App Reviews	4971	486K

Co-operative Bank vs Wise Banking Service Quality

Data for this section comes from the BVA BDRC Business banking service quality report.

	Co-operative Bank	Wise
Overall Service Quality Ranking	15	Not Rated
Overall Service Quality Score	42%	Not Rated
Online And Mobile Banking Services Ranking	15	Not Rated
Online And Mobile Banking Services Score	35%	Not Rated
SME overdraft and loan services Ranking	Not Ranked	Not Rated
SME overdraft and loan services Score	Not Ranked	Not Rated
Relationship/account management Ranking	15	Not Rated
Relationship/account management Score	37%	Not Rated
Service in branches and business centres Ranking	7	Not Rated
Service in branches and business centres Score	48%	Not Rated

Co-operative Bank vs Wise Overview

Here is some other key data about each bank.

	Co-operative Bank	Wise
FSCS Protection	Yes, up to £85,000	No, unless money is held in assets
Market Share	0.33%	2.29%
Bank Type	High Street	Challenger
Total Assets	£28.1 billion GBP	£11.5 billion GBP
Swift/BIC Code	CPBKGB22	TRWIGB2L XXX
FCA Number	121885	900507
Company Number	990937	7209813
Business Customer Phone Number	44 345 721 2212	Unknown

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