New and existing customers with at least £5,000 held in an eligible account before 31 July 2025 will be automatically entered into the draw, with one organisation set to win a £10,000 cash prize. Customers who have banked with The Co-operative Bank for at least 10 years will receive an additional entry into the draw.
The draw is open to customers of the Charity and Community Account – formerly known as the Community DirectPlus Account – which provides free everyday banking to registered charities, co-operatives, community interest companies, and credit unions.
James Wall, Head of Charity Banking at The Co-operative Bank, said: “As the original ethical bank, we’re experts in supporting charities, co-operatives and organisations in the social enterprise sector to make a difference in their communities. This is a fantastic time to make the switch to The Co-operative Bank, and be in with a chance of winning an incredible £10,000.”
The award-winning account offers a range of benefits including no monthly fees, discounted merchant services, free Go Get Paid access, accountancy software integration and 50% off a subscription to sustainability platform Zellar.
For smaller organisations that do not meet the prize draw criteria, The Co-operative Bank also runs a Customer Donation Fund. Since its launch, the fund has donated over £1.2 million in grants of up to £1,000 to more than 1,300 community organisations.
Chas Sargeant, Chair of Coniston Co-operative Society, praised the Bank’s approach: “We’re proud to bank with The Co-operative Bank – they really understand us as an organisation.” Fiona Ebbs, the society’s Office Manager, added: “With the opportunity to win such a huge sum of money, there’s even more reason for socially and environmentally conscious organisations like us to bank with them.”
Jamie Young
Jamie Young is Senior Reporter at Business Matters, covering SME finance, employment law and Westminster policy since 2016. He has reported on every Budget and Autumn Statement since 2018, helped make sense of the 'covid era' and the bounce-back loan scheme from launch through the fraud investigations, and broke the magazine's coverage of the 2024 late-payment reforms. He joined Business Matters straight from completing his BA in Administration from Exeter University and is NCTJ-qualified. Reach him at jyoung@cbmeg.co.uk
