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Bank account for community group

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  • Yorkie1
    Yorkie1 Posts: 12,068 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    WillPS said:
    Yorkie1 said:
    The trouble with the Virgin accounts are that you either need to be a registered charity, or have fewer than 10 transactions per month. 
    We don't fit either.

    There's not a hard limit of 10 transactions per month, that's just the limit before a monthly fee and transaction fees start applying.
    Sorry yes, I wasn't clear on that. We already pay a monthly fee with HSBC, so there wouldn't be a benefit in swapping. Most ongoing community accounts are now introducing fees, which is unhelpful and thus the main point of the thread.
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