The Charity Bank

Description: Charity Bank is the first of its kind: a charity that can accept deposits that earn social as well as financial retu ... more

The Charity Bank ... returns; and a not-for-profit bank whose sole business is providing affordable finance for charitable work.

Newest Review: ... who is not a relative. You also need to provide proof of address Bank statement/utility bill). There is a selection of ... more

... personal accounts (for instance, the building assets account allows payments to be made by Direct Debit, the small steps account is ideal for children to start investing etc). There are also accounts for charities themselves to deposit cash or for corporates. Joint accounts can also be opened. The minimum balance which needs to be held is £10, and any individual can open an account (if over 16). Statements will be sent out in 6 monthly intervals (April and October). If you're worried about the security...more

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The Charity Bank: A good deed (390 words)
by - written on 10/02/03 (Very useful, 332 readings)
Rating:

The Charity Bank (www.charitybank.org) is a fantastic idea. They provide finance at much lower rates than those commercially available to Charities. This is dependent upon the general public saving with them. You have a choice when saving with them of receiving no interest (hence reducing cost of borrowing to nil for charities) to receiving 2%. I opted for 2% so that I could ensure that my capital was protected against inflation. Opening an account with them is easy, you can download a form off the net and complete it. Be ware of one thing, they want proof of ID which needs to be photocopied and certified as being a true likeness of you by a ... Read the complete review

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