Co-op Bank Money Transfer Rates

Co Op Bank Account
FCA Regualted: Not FCA Regulated
Margin Rate: 5%
Rate Per Single Unit: 1.091
Exchange Rate You Get: 109,147

Co-op Bank Money Transfer Rates

Co-Operative Bank Money Transfer Rates

What Co-Operative Bank purchase fees?
The co-operative bank has a purchase fee of around 5 pounds for orders below 500 pounds and it is fee free for orders below 500 pounds.

Are there any admin fees with Co-Operative Bank?
While using the Co-operative bank, clients need to pay an amount of 5 pounds as the admin fees.

How much can I order online with Co-Operative Bank?
The maximum amount that co-operative bank allows their customers to order online is 2500 pounds.

How to open an account with Co-Operative Bank?
Firstly, you need to inform the bank about how much you earn, including the benefits, pension etc. Hence, You also need to submit our previous addresses from the past 3 years. The details and address of your employer are required and lastly, your current bank details are needed.

Compliance with opening an account?
The approval for opening depends on a credit check and an assessment of your personal circumstances. Also, you should be an EU resident to be eligible to open an account. Every account may have unique criteria that the person needs to meet.

Is it the complicated process to buy currency from Co-Operative Bank?
All the Co-0perative Bank branches offer currency exchange facility.

What ring-fenced client accounts?
Ring-fenced accounts separately hold any business related profits without being operated as a separate entity.

Co Operative Bank Money Transfer Rate

Why we use ring-fenced accounts?
It offers protection based transfer of assets from one destination to another.

Why buy currency instead of using your bank?
If using a bank then why use it? Using the co-op bank provides security and the money can be processed quickly

Is my money safe?
Yes, your money is safe with us, as we follow multiple financial security criteria. So, All the transactions of our bank are certified with Visa and Co-0perative Bank automated text and call messaging
services help us to track any fraudulent payments.

There a minimum amount I transact?
No there is no minimum amount that you should transact, co-operative bank lets you transact how much ever amount you wish to do.

How long does it take for you to send my money?
Co-0perative Bank offers instant money transfer.

CO-OP offer you several convenient ways to send or receive money worldwide. Also, CO-OP Personal international money transfer services done by CHAPS, CHAPS is a method of making same-day electronic transfers, for any amount, to clearing banks in the United Kingdom.

You have chosen to apply for a Co-operative online Bank money transfers account, please ensure you meet the following points as this will make your application more likely approved.

  1. Please Ensure you proceed With Your Application.
    • You are at least 18 Years of Age.
    • You are a permanent resident of the UK.
    • Your daytime phone number.
    • Please note that until payment made your account not open.
    • These points are simply a guide to the minimum acceptance criteria for a Co-operative bank Account.
    • Please ensure you read their terms and conditions and see a full list of charges.

Consequently, The decision to accept only made by the Co-operative bank after they have taken your details confirmed your ID and received payment.