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Best bank account for a not-for-profit?
Is there such thing as free banking for a UK not for profit support group? We are not a charity, just not for profit, and looking for the best bank account in terms of low (or no) fees. Some do a year's free banking but we cannot find any that do completely free banking - does this exist? We were originally tempted by the co-op's ethical policies but they aren't so ethical when it comes to allowing Christian groups to speak about what they believe, so that put us off, even though we are not a Christian group. Any advice most appreciated!
In addition to this, any advice with regards to seeking funding would be most appreciated, since we are currently funding everything from our own pockets.
In addition to this, any advice with regards to seeking funding would be most appreciated, since we are currently funding everything from our own pockets.
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DemiDee wrote:We were originally tempted by the co-op's ethical policies but they aren't so ethical when it comes to allowing Christian groups to speak about what they believe
Could you tell me more about this? PM would be fine.DemiDee wrote:In addition to this, any advice with regards to seeking funding would be most appreciated, since we are currently funding everything from our own pockets.
it would depend on what exactly you do, any more details here, and I might be able to point you in some directions.for more info check out www.consumeractiongroup.co.uk . You'll find me there.
New Year's Resolution: Post less unnecessary posts. (and that was 2007)
yes, I realise I may appear cold and heartless a lot of the time.0 -
Many banks have clubs and societies accounts which are free.
We use Natwest - lots of forms to fill in but they don't charge and also do internet banking which is useful to check balances.
Would be interested if anyone has any good ideas for a deposit acocunt - our natwest deposit pays a paltry interest rate - anyone got any ideas?0 -
I know it's confusing, but there is a sticky on the Small Biz & Charity Organisers board about bank accounts for charities and NFPs.
FWIW, I always found Alliance & Leicester very good AND convenient AND a reasonable rate of interest on their Deposit Account AND the money could be transferred instantly from current to deposit account with a phone call. But it is a few years since I used their Clubs and Societies Account so I cannot vouch for it personally these days.Signature removed for peace of mind0
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