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Fire Station Tea Fund - Bank Account

Desperate_Dan_3
Desperate_Dan_3 Posts: 134 Forumite
in Budgeting & bank accounts
Having the unenviable task of running the Tea Fund at work, I now find myself in the situation of having a decent chunk of money to look after. I am aware that some banks offer basic accounts to social clubs etc and would like to hear your recommendations people! Many thanks.

Comments

  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Most banks have club/society accounts - maybe choose one you have an account with?
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Just share it all out and start from scratch.
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • Gromitt
    Gromitt Posts: 5,063 Forumite
    What kind of money are we talking here? By 'Tea fund' do you mean an actual Tea fund for Tea and biscuits kind, or the other kind? We have the former at work and its simply kept in a drawer which is locked out of hours as it's rarely > £20.
  • ses6jwg
    ses6jwg Posts: 5,381 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Just open a simple passbook account with a local building society.
  • savingmummy
    savingmummy Posts: 2,915 Forumite
    Debt-free and Proud!
    Our nurses `tea fund` was kept in a safe in the matrons locker then noone has responsibility for it.
    DebtFree FEB 2010!
    Slight blip in 2013 - Debtfree Aug 2014 :j

    Savings £132/£1000.
  • keystone
    keystone Posts: 10,916 Forumite
    A clubs/societies account will be of little use too you for a tea fund. There are specific rules as to how they may be operated some of which still require the somewhat archaic but understandable "two signature" arrangement.

    I'd agree with the building society account suggestion tbh.

    Cheers
    The difference between genius and stupidity is that genius has it's limits. - Einstein
This discussion has been closed.
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