Barclays closing, need a new local Clearing Bank more orientated to charities and societies...
Remarkably Barclays Bank are closing their Lancaster branch very soon and the nearest offices will be in Preston, 25 miles to the South or Kendal 25 miles to the North. The branch serves a population of some 180,000. They have become more and more awkward to deal with over the last 5 years, becoming very obstructive.
My wife is involved in several small charities and organisations using Barclays. With closure, the movement of relatively small amounts of cash or paying in or cashing cheques is no longer feasible. Has anyone any advice about how a low turnover organisation could be best served?
My first thought was using the Post Office as a cheque receiver and cashier using The Bank of Dave, aka Burnley Savings and Loans Ltd, as the banker. They have Clearing Bank status and are local, community and charity minded and just forty miles away. Debts or loans are not an issue, all the organisations are always solvent. The bank accounts just receive grants and donations but need BACS facilities as well as cheque and cash deposit facilities and most importantly a bank account from a clearing bank to be eligable for a grant application so as to avoid Money Laundering suspicion.
Any advice folks?
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