# Co-operative Bank offers free banking to social enterprises registered as CICs

- Link: https://fundraising.co.uk/2013/07/30/cooperative-bank-offers-free-banking-social-enterprises-registered-cics/
- Published: 2013-07-30T14:04:35+01:00
- Author: Howard Lake

The Co-operative Bank has announced a bank account that offers free banking to social
enterprises that are registered as Community Interest Companies (CICs).

The [Social Enterprise Directplus](http://www.co-operativebank.co.uk/business/community/social-enterprise-directplus)
account is available specifically for CICs with a turnover of up to £1 million, 
and who deposit up to £100,000 in cash and up to 5,000 cheques per annum. It includes
a business debit card, and interest on credit balances of £2,000 or more.

Provided organisations "operate within the agreed limits", there are no fees, unless
you exceed the limits, or wish to use other services such as CHAPS payments, stopping
a cheque, or requesting duplicate statements.

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Organisations using the account will have access to The Co