Can a registered charity open a business bank account?



Our limited by guarantee company is working on getting our charity status. In the meantime, I am exploring money options. Are charities able to open normal business bank accounts, or do I need to open a special kind of account?

Thank you




Yes, a registered charity can open a business bank account but many banks offer tailor-made accounts for nonprofits and charities. A lot of these accounts offer free banking when the account is in credit.

There are also certain banks like CAF Bank and Triodo that specifically deal with charities and not-for-profit organisations.

a year ago

Your answer