Can a registered charity open a business bank account?

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Hiya

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

Answers

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Hi,

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
 

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