To choose an ethical bank account, follow these two simple steps: There are 43 building societies in the UK, often tied to locations as savings accounts, investment management, business accounts, and charity banking. Co‑operative businesses can benefit from our partnership with Co‑operatives UK to access FREE resources and apply for support, including if your business is. Still the biggest mainstream ethical bank in the UK, the Co-op offers a fairly straightforward current account with fixed overdraft fees for both. Without viable alternatives, banks have been free to manipulate and manage the system for their own benefit. While this used to be somewhat unique, more and more mainstream banks are offering similar options. Previously owned by the Co-operative Bank, they are now majority owned by trade unions. The Business Exchange. OP, how would you vet the top echelons of your ethical ethical business bank accounts uk for ethical-ness? Current Accounts for Small Businesses and Charities.