Santander and Co-operative Bank both offer a range of business banking options. But which is better?
Below we compare Santander vs Co-operative Bank on 61 different metrics including business savings account rates, current account fees, Trustpilot reviews and many, many more so you can decide for yourself.
Santander vs Co-operative Bank Business Savings Accounts Comparison
| Santander | Co-operative Bank | |
| Types of Savings Accounts | Instant Access, Business Reward Saver, Fixed Rate Business Bond, Treasurer’s Savings Account | Instant Access, 35 or 95 Day Notice Accounts |
| Lowest Savings Rate | 0.40% | 1.53% |
| Maximum Savings Rate | 1.40% | 2.42% |
| Minimum Investment Amount | £1 | £0 |
| Website | Santander Website | Co-operative Bank Website |
- Earn 2.25%-3.51% AER.
- Interest paid daily on both work and non-work days
- Add or withdraw money with zero restrictions 24/7
- Earn 3.55% AER (variable)
- Instant access to your money when needed
- No limits or fees on withdrawals
- Earn 3.66% – 4.51% AER.
- Offers a choice of easy access or fixed-term accounts.
- Average independent review score of 4.7 out of 5.
Santander vs Co-operative Bank Free Business Bank Accounts
Below we look at the free business bank account options Santander and Co-operative Bank each offer.
Santander | Co-operative Bank | |
| Free Business Bank Account? | Yes | Yes |
| Free Business Account Term Length | 18 months | 24 months |
- Free version available forever
- Hold and exchange 25+ currencies
- IBANs for Global Transfers
- Ability to invest through your account
- Mobile business account, accessible online and on desktop 24/7
- No Monthly Fee
- 24/7 Online banking & Bank app
- Friendly UK phone support
- Xero, Quickbooks & Sage accounting software integration
- FSCS Protected up to £85k
- Basic account is free forever
- Up to £150,000 of credit, straight through the app
- Business Mastercard, with free purchases at home and abroad
- Trusted by 500,000+ UK businesses
- FSCS protected up to £85,000 via Clearbank
Santander vs Co-operative Bank Fees & Pricing
Santander | Co-operative Bank | |
| Cheapest Monthly Account Fee | £7.50 | Free |
| Most Expensive Monthly Account Fee | Free | £10 |
| Electronic Payments (in/out) | free | £0.20 |
| Cash Payments (in/out) | £200 per day: £1.50/£200 per day: 2% | £0.30/£1.50 |
| Cheques (in/out) | £0.30 / £1.50 | |
| Debit Card Payments | Yes | Yes |
| CHAPS Payments | £25 | £25 |
| SEPA Payments | No fee for uk | free |
Santander vs Co-operative Bank Account Types
Below we look at the different types of business bank accounts and other types of business finance solutions Santander and Co-operative Bank offer.
| Santander | Co-operative Bank | |
| Current Account Switch Service | Yes | Yes |
| Type of Card (Mastercard vs VISA) | Mastercard | Mastercard |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | Yes |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In person/Branch Banking | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Services | Yes | Yes |
| Free Accouting Software | Yes, FreeAgent | No |
Santander vs Co-operative Bank Foreign Currency Accounts
In this section we look at what types of foreign currency accounts each bank offers.
| Santander | Co-operative Bank | |
| US Dollar (USD) Bank Account | Yes | No |
| Euro (EUR) Bank Account | Yes | No |
| Other Currencies Available | Swiss Franc (CHF) ,Japanese Yen (JPY) ,Australian Dollar (AUD) ,Canadian Dollar (CAD) ,New Zealand Dollar (NZD) ,Singapore Dollar (SGD) ,Hong Kong Dollar (HKD) | None |
Santander vs Co-operative Bank User Reviews
| Santander | Co-operative Bank | |
| Trustpilot Score (out of 5) | 1.4 | 3.7 |
| Number of Trustpilot Reviews | 6204 | 5034 |
| iPhone App Score | 4.8 | 4.8 |
| Number iPhone of Reviews | 1.1M | 38858 |
| Android App Score | 3.5 | 3.3 |
| Number of Android App Reviews | 141K | 4971 |
Santander vs Co-operative Bank Banking Service Quality
Data for this section comes from the BVA BDRC Business banking service quality report.
| Santander | Co-operative Bank | |
| Overall Service Quality Ranking | 7 | 15 |
| Overall Service Quality Score | 59% | 42% |
| Online And Mobile Banking Services Ranking | 10 | 15 |
| Online And Mobile Banking Services Score | 59% | 35% |
| SME overdraft and loan services Ranking | 6 | Not Ranked |
| SME overdraft and loan services Score | 51% | Not Ranked |
| Relationship/account management Ranking | 8 | 15 |
| Relationship/account management Score | 54% | 37% |
| Service in branches and business centres Ranking | 6 | 7 |
| Service in branches and business centres Score | 50% | 48% |
Santander vs Co-operative Bank Overview
Here is some other key data about each bank.
| Santander | Co-operative Bank | |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| Market Share | 0.52% | 0.33% |
| Bank Type | High Street | High Street |
| Total Assets | £7.017 billion GBP | £28.1 billion GBP |
| Swift/BIC Code | BSCHESMMXXX | CPBKGB22 |
| FCA Number | 106054 | 121885 |
| Company Number | 82990 | 990937 |
| Business Customer Phone Number | 0800 9 123 123 | 44 345 721 2212 |
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