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Bank account for community group

br1anst0rm
Posts: 77 Forumite

We are reviewing the banking options for a local voluntary community group (not a registered charity or trading organisation) following the closure of the local TSB branch where the group has until now had a "clubs and societies" account. It would be useful to have suggestions from forum members, as the range of banking services offered to such groups seems to be diminishing dramatically.
The nearest TSB branch is now 300 miles away (!!). We cannot go over to online banking, because we continue to need to handle cash and process cheques. At present the only local remaining bank-branch is Bank of Scotland, from whom we moved the group's account some years ago as they appeared incapable of managing the process of amending account signatories as committee members/office-bearers changed. Recommendations for user-friendly banking service providers who can efficiently administer clubs and societies accounts would be welcome.
Ideally in addition to a 'current' account to manage regular and routine financial admin, we would like to have an interest-paying deposit or savings account in which we could keep a proportion of our funds. Advice on any provider who offers an interest-paying account to a community club or group would also be appreciated.
1
Comments
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In NI the Ulster Bank allows community club accounts and you can deposit cash via the post office.....so perhaps its parent brand (RBS) will in GB......I should have added that you needed to be a personal account holder for them to grant you the saviour of opening then club account!0
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You are correct - the options for such groups are diminishing. The usual advice is to deposit cash and cheques into their bank account using the Post Office. Do what you can online. If you really need to pay for things in cash, maintain a float.
Sadly, your hope for "user-friendly banking service providers who can efficiently administer clubs and societies accounts" is unlikely to be achieved. Much as it would be nice, don't expect too much from banks and then you're less likely to be disappointed. OK, you had a bad experience with Bank of Scotland a few years ago. But this is possible with any bank - you're just assuming things would be better elsewhere.0
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