Bank accounts for charities

How to open a charity bank account in the UK?

Opening a charity bank account in the UK requires certain rules to be followed and is designed to meet the needs of your charity.

Therefore, to open a charity bank account, follow these steps:

1. Select a bank. On this page, Bankchart analysts have compiled a list of all banks that offer this service.
2. Prepare the necessary list of documents. It is absolutely necessary to provide the bank with a certificate of registration of a charitable organization and indicate the registration number of the charitable organization
3. Prepare information about proxies. Banks require information (names, addresses, and dates of birth) on all trustees, including directors of the charity.
4. Provide documents for proof of identity: these can be passports, driver's licenses, or other valid documents proving identity. Such documents are required for each trustee or director.
5. We recommend discussing the basic needs of your charitable organization with the bank manager. Bank employees will help you choose the best charitable account, including a charitable savings account.
6. Carefully study the interest rates and commissions for opening and maintaining a charity account.
7. Fill out the application form for opening an account, which will be provided by the bank. It is usually necessary to indicate the activities of the charity and other financial data.

Calculate future income on a 1-year term deposit (example): 

Who offers charity savings accounts?

Charity savings accounts in the UK are specialized savings accounts that are designed to help charitable organizations manage their funds while earning interest. These accounts are typically offered by banks and financial institutions that have specific products tailored for charities.

Here’s a list of some providers that offer charity savings accounts in the UK: Charity Bank, CAF Bank, The Co-operative Bank, HSBC, Lloyds Bank, Barclays Bank, Nationwide Building Society, Santander. 

You can see the similar FAQ at the link:

• Lloyds online banking for business
• Metro business banking
• Opening a business bank account in Lloyds
• What are HSBC BACS payments?
• What does HSBC business insurance cover?

Details of companies offering the financial services:

Close Brothers

Head office’s address: 10 Crown Place

Contact center: 0800-588-40-64

Phone: +44 (033) 3321 61 00

Web-site: https://www.closebrothers.com/

Swift code: CBRLGB2LTSY

Reference number: 124750

Stock code: CBG

ABN: 00195626

BSB: CBRL

HSBC Bank

Head office’s address: Unit 8, Canada Square, Retail, London E14 5AH

Phone: +44 345 740 4404

Web-site: https://www.hsbc.co.uk/

Swift code: HBUKGB4B

Reference number: 114216

Stock code: HSBA

ABN: 00014259

BSB: HBUK

Lloyds Bank

Head office’s address: 25 Gresham Street, London EC2V 7HN

Contact center: 0345-300-0000

Web-site: https://www.lloydsbank.com/

Swift code: LBGTGB22

Reference number: 119278

Stock code: LLOY

ABN: 00002065

BSB: LBGT

Metro Bank

Head office’s address: One Southampton Row, London, WC1B 5HA

Phone: +44 (034) 5080 85 00

Web-site: https://www.metrobankonline.co.uk/

Swift code: MYMBGB2L

Reference number: 488982

Stock code: MTRO

ABN: 06419578

BSB: MYMB

NatWest Bank

Head office’s address: 250 Bishopsgate, London, EC2M 4AA

Contact center: 0800-88-11-77

Phone: +44 345 788 8444

Web-site: https://www.natwest.com/

Swift code: NWBKGB2

Reference number: 121878

Stock code: GBP1

ABN: 00929027

BSB: NWBK

Royal Bank of Scotland

Head office’s address: 36 St Andrew Square, Edinburgh, EH2 2YB

Contact center: 0345-600-2230

Phone: +44 (070) 3597-88-42

Web-site: https://www.rbs.co.uk/

Swift code: ROYCGB2LCLS

Stock code: NWG

ABN: BR000548

BSB: ROYC

Santander

Head office’s address: 2 Triton Square, Regent's Place, London, NW1 3AN

Contact center: 0800-389-7000

Web-site: http://www.santander.co.uk/

Swift code: ABBYGB3E

Reference number: 106054

ABN: 02294747

BSB: ABBY

The Co-operative Bank plc

Head office’s address: 1 Balloon Street, Manchester M60 4EP

Contact center: 159

Phone: +44 (034) 5721 22 12

Web-site: http://www.co-operativebank.co.uk/

Reference number: 121885

ABN: 00990937

United Trust Bank

Head office’s address: 1 Ropemaker St, London EC2Y 9AW

Phone: +44 (020) 7190 55 55

Web-site: https://www.utbank.co.uk/

Swift code: UTDBGB2L

Reference number: 204463

ABN: 00549690

BSB: UTDB

Unity Trust Bank

Head office’s address: Unity Trust Bank plc, Four Brindleyplace, Birmingham, B1 2JB

Phone: +44 (034) 5140 10 00

Web-site: https://www.unity.co.uk/

Swift code: UYTBGB22

Reference number: 204570

ABN: 01713124

BSB: UYTB