Best charity and community bank accounts
Choosing the right charity bank account is no easy task. We’ve put together a list of everything you need to know in order to do so.
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min read
Choosing the right charity bank account is no easy task. We’ve put together a list of everything you need to know in order to do so.
0
min read
When it comes to opening a charity bank account, there can be a lot to consider. How your charity operates, where it conducts the majority of its activity, how much finance you have, the donations you handle and much more all need to be thought about carefully. That’s because, when you run a charity, having a reliable bank account is one of the most important considerations when it comes to your day-to-day work.
It’s a smart move, too. While a standard personal account can be used, it's hardly appropriate or practical, as finances and donation movements can quickly get confusing and your financial health may suffer.
Take some time to consider what sort of account will work best for your charity. Savings accounts, while stricter with withdrawals, benefits from higher interest rates. On the flip side, current accounts provide instant access.
To help answer this — and much more — this guide will walk you through 14 charity and community bank accounts to consider today, partnered with an explainer and FAQ troubleshooter to break down everything you need to know. We've listed these accounts in order of their Trustpilot rating to make it easier for you to navigate.
Every care has been taken to provide accurate info on each account provider. All facts and stats are right (according to the public websites) as of January 2020.
Choosing the right charity bank account is no easy task. We’ve put together a list of everything you need to know in order to do so.