Coconut is the current account that takes care of your accounting and tax. Designed for freelancers, self-employed people and small business owners.
Coconut is available to UK-based businesses operating as Sole Traders. Limited companies coming December 2018.
Our mission is to free millions of people from business admin worldwide by combining banking and accounting into one simple product:
• UK business current account with account number and sort code
• Mastercard debit card
• Expenses automatically categorised for tax
• Attach receipts and add notes to your transactions
• Get a running estimate of your tax bill (sole traders)
• Tax reports to help with your self-assessment (sole traders)
• Export transactions to CSV or OFX and create PDF statements
• Instant notifications when you get paid or spend on your card
• Send and receive payments
• Direct Debits
• Block and unblock your card from the app
• View your PIN anytime from the app
• Order replacement cards
• In-app Customer Support
• Account opening in less than 5 minutes
To open a Coconut account, just install the app and go through the sign up process in a few minutes.
We added some additional security to the app in our previous release which caused some users to get logged out (sorry). This update should stop that from happening - if you continue to have issues please get in touch with our support team through the app.
Ratings and Reviews
Outstanding customer service quite literally there when ever you need them highly recommend
Awesome app & staff
Brilliant app, concept and services. Awesome staff with second to none customer care via in app chat or social media. In 10 words! Get Coconut and stop driving yourself nuts with other banks.
Love it so far, plus if it totally delivers it’s going to save me over £20 a month on bank fees and software
Up to six family members will be able to use this app with Family Sharing enabled.