12 August 2024
Website launched to help charities open and manage bank accounts
Banking trade association UK Finance has today launched a website to support charities opening and managing bank accounts after many reported experiencing difficulties with financial services.
UK Finance announced plans for a guide earlier this year after 42% of charity trustees responded to a survey saying they had experienced bad service from banks in the previous 12 months.
The new website features a free account finder tool, step-by-step guide and frequently asked questions to help charities find the best account for their needs.
UK Finance said the site launch is the final step of its project aiming “to deepen understanding of the specific issues felt by charity bank account customers”.
“The site provides voluntary sector organisations tailored guidance to help work out their organisation structure, decide on their banking needs, and ensure they have everything they need to open and maintain their account,” it said.