Many banks offer special current accounts for voluntary organisations and charities, and most give free banking if the account is in credit. Do your research on what's available and check out our information on specific bank accounts on our bank account comparison table. This highlights the main features of current accounts from some of the banks that have strong links to the voluntary sector or have a significant presence in Scotland.
See our bank account comparison
As well as providing practical information, we're also using our policy influence to make sure that the voluntary sector has access to the bank accounts and services we need. Find out more about the work we're doing on access to banking.
Opening a bank account can be challenging and could also take a long time. Here are seven things to consider when choosing a current account:
What you need to set up a bank account
The eligibility criteria for each charity account will vary from bank to bank. You should be able to apply to open an account online, though some banks may require signatories to present certain documents in person. Whilst banks may differ on what they require from you to set up an account, this is commonly the documentation you will be asked for:
Banking for Charities provides key information, including guidance on choosing and opening the right bank account, understanding banking charges and fees, and how to switch accounts. It also sets out key questions to ask banks, and options to help charities navigate the banking environment.
Note that organisations with a turnover of less than £6.5 million and fewer than 50 employees can use the free Current Account Switch Service which makes the process simple and stress free.