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Best bank account for a Not-for-Profit company?

pitahau
pitahau Posts: 1 Newbie
edited 14 April 2020 at 6:10PM in Budgeting & bank accounts
Hi
I have a new NFP that will receive money from grants and donations. 
I want to set up a simple bank account that also has an online banking facility and is FREE banking, if there is still such a thing? This is not for a charity.
Any advice which bank offers the best accounts based on this would be appreciated. 
Thanks

Comments

  • Tildaplum
    Tildaplum Posts: 411 Forumite
    100 Posts Name Dropper
    The not-for-profit is irrelevant what you want is a business bank account you could look at starling
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    What is the projected turnover for next 12 months?
  • jaybeetoo
    jaybeetoo Posts: 1,569 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Another recommendation for Starling - I've been using their business bank account since they first started.
  • penners324
    penners324 Posts: 3,711 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Most high street banks offer Community Bank Accounts that are free to use. It's basically a business account but with no fees.
    I currently use Barclays and it's OK, a total faff to change bank signatories or order a debit card.
    You can also get a deposit account that pays a small amount of interest.
  • penners324
    penners324 Posts: 3,711 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Not sure Starling is the best option here. Or you'll even get their business account 
This discussion has been closed.
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