not for profit charity type account

elantan

Hey all, wonder if anyone can point me in the right direction, my husband has became a treasurer of a not for profit charity type organisation, we are just a local group trying to do good in our local community, we have got a few things sorted like a constitution etc but need to get a bank account for any monies to be paid into so that cheaques etc can be written. Are there any banks that are more friendly than others with regards to this?

We are not looking for anything fancy, no overdraft, cheaque book that needs two signatures etc

10pence

http://www.business.hsbc.co.uk/1/2/business-banking/business-bank-accounts/community-account

elantan

Thank you

Goldiegirl

Hi, elantan


You could also consider CAF Bank, which is a small bank especially for the non profit sector. It's part of the Charities Aid Foundation, which itself is a charity


https://www.cafonline.org/charity-finance--fundraising/banking

Dird

I just use my personal account.
Never thought of getting a specific account but then I'm only talking £600 annually with £550~ costs

jonesMUFCforever

Dird wrote: »

I just use my personal account.
Never thought of getting a specific account but then I'm only talking £600 annually with £550~ costs

Think of this scenario - You drop down dead - your family memebers close the bank account - the charity's money is then lost to the charity. My advice keep your money seperate.

Dird

jonesMUFCforever wrote: »

Think of this scenario - You drop down dead - your family memebers close the bank account - the charity's money is then lost to the charity. My advice keep your money seperate.

In my case it's free IT events & most other stuff would be lost anyways (don't provide admin accounts to anyone else for website admin, twitter/youtube etc)

elantan

Thanks all, will sort something out next week when we are off...

Crag30

I went to Natwest with my registered charity. We didn't need a debit card, just a cheque book for which we needed two signaturies.
My treasurer was retired, and not computer literate, so it wasn't set up for online banking.
But I don't recall we had any problems during the 10 years I was chairman

Yorkie1

We use NatWest without problems.