Banking for charities

Banking for charities

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I am a newly appointed Treasurer of a local church.

Generally, it seems that bank facilities available for charities are of a low quality and few banks currently offer dual authorisation of payments although this may be changing this year following initiatives by The Payments Council. I would appreciate any comments about recent positive experiences with particular banks, particularly those providing-

Local cash depositing capability (Aberdeen area)
Online banking including view access to statements, ability to download transactions, online inter Church account transfers, possibly dual authorisation of payments.
Efficient telephone support
Competitive interest rates on deposits
Free/low cost
High level of customer satisfaction

Thanks for any help you can provide.

Gordon Bruce

Replies (4)

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Teignmouth
By Paul Scholes
15th Jan 2014 18:36

The Reliance

Hi Gordon - I moved my business and personal accounts over to The Reliance Bank (Salvation Army bank) a couple of years ago and have nothing but praise.  They are based in London but you can nominate any of the local high street banks for paying in money.

I went to them, not because of any religious leaning, but because they put my money, and their profits to good use and the Salvation Army does great things in my area.

Other Ethical Banks I have used or had experience of are Triodos and The Co-Op with the hope the latter does retain its ethical base.

PS:  Many charities use CAF, have you looked at them?

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By gbruce.smith.com
15th Jan 2014 19:22

Banking for charities
Thanks for your input, Paul.

I have looked at CAF previously and they seem to be able to meet most of our needs. Their website reads very well. Certainly a possibility.
I have not encountered The Reliance Bank but shall do so now. Much appreciate your suggestions .

Regards
Gordon

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By gbruce.smith.com
15th Jan 2014 19:23

Banking for charities
Thanks for your input, Paul.

I have looked at CAF previously and they seem to be able to meet most of our needs. Their website reads very well. Certainly a possibility.
I have not encountered The Reliance Bank but shall do so now. Much appreciate your suggestions .

Regards
Gordon

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By landscaper
16th Jan 2014 12:48

Lloyds

I am also my local church's Treasurer.  Lloyds is pretty good: let me qualify that by saying the best of a bad bunch.  You can have dual authorisation for on-line banking etc.  I use the CCLA for investment purposes although we don't have much. 

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