Best Business

Compare Charity Bank Accounts

Zempler Bank Business Banking
  • Monthly Fee
    Free
  • Cash Deposits
    0.5% fee
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The Co-operative Bank Business Banking
  • Monthly Fee
    Free
  • Cash Deposits
    Free
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Unity Trust Bank Business Banking
  • Monthly Fee
    £6
  • Cash Deposits
    50p
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Metro Bank Business Banking
  • Monthly Fee
    Free
  • Cash Deposits
    Free
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CAF Bank Business Banking
  • Monthly Fee
    £8
  • Cash Deposits
    Free
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15 Best Bank Accounts for Charities in 2024

Editorial Team
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If you manage a charity or community-interest organisation then you may want to look at bank accounts designed specifically for non-profits. They can help track and set up regular donations, offer helpful financial insights and even simplify Gift Aid claims.

Find the best bank account for your charity or community group with deals from the UK's top high street and online charity banking providers.

Zempler Bank Business Accounts

  • No-credit check bank accounts available to registered charities
  • Or you can register your charity & get a free account at the same time
  • Offer two plans, one free & the other £9 a month, with cashback
  • Both charge a 0.5% fee for cash deposits at any Post Office, no cheque deposits
  • Bank transfers cost 30p but you'll get three or 20 free each month, depending on account
  • Card payments are free while ATM withdrawals are charged £2, free on the paid account
  • Get spending reports & integrate popular accounting software
  • FSCS-protected online bank, covering money up to £85,000
  • Have a UK based support team, available by phone Mon-Fri 8am to 8pm (Saturdays until 4pm)
Zempler Bank Business BankingWebsiteRead our in-depth Zempler Bank review

The Co-operative Bank Community Directplus Account

  • Account for registered charities, communities, credit unions & co-operatives
  • Eligible if turnover is less than £1 million & deposits are less than £100k in cash & 5,000 total cheques
  • No monthly fee or any charges for cash & cheque deposits or withdrawals
  • Exchange cash for £1.60 per £100
  • Bank online, in-branch or at Post Office branches
  • Community & customer focused bank with ethical values
  • Have up to four signatories for the account
  • Eligible deposits, up to £85k, are protected by the FSCS
  • UK customer support team available Mon-Fri, 8am to 8pm
  • Awarded Moneyfacts Best Charity Banking Provider 2016-2024
The Co-operative Bank Business BankingWebsiteRead our in-depth The Co-operative Bank review

Unity Trust Bank Business Current Account

  • Available to charity, council, credit union & co-operative organisations
  • Three accounts with varying turnover limits all with a £500 minimum opening deposit
  • No debit card is issued with the accounts
  • Account fees start at £6 per month, charged quarterly
  • Cash & cheque service deposits cost 50p & 30p (respectively) at NatWest, RBS or Ulster branches
  • Cash services at the Post Office cost 60p per £100 paid in
  • Bank whenever with 24/7 online baking
  • Sending money is secure with triple payment authorisation
  • Deposited money is protected by the FSCS, up to £85,000
  • UK-based customer support team
Unity Trust Bank Business BankingWebsiteRead our in-depth Unity Trust Bank review

CAF Cash Account

  • Made for registered & unregistered charities, by a charity
  • Simple monthly fee of £8 with free bank transfers & interest on daily credit balances
  • Free cash withdrawals & deposits, up to £2,000 per month
  • Pay in up to 20 cheques each month for free
  • Partnered with Worldpay so your charity can accept card payments
  • Counter services available at HSBC & Royal Bank of Scotland branches
  • Offers CAF charity deposit platform for simplified saving
  • 24/7 online management with dual authorisation
  • Money is protected by the FSCS, up to £85,000
  • UK-based customer service team available Mon-Fri, 9am to 5pm
CAF Bank Business BankingWebsiteRead our in-depth CAF Bank review

NatWest Community Bank Account

  • Everyday account made for charities & non-profit organisations
  • No monthly fees when annual turnover is less than £100,000
  • Free transfers, card payments, cash & cheque services
  • Authorise up to four individuals as signatories
  • Comes with contactless debit card & Apple or Google Pay ready for mobile payments
  • Free access to FreeAgent accounting software
  • Bank online, via the app or in-person at NatWest & Post Office branches
  • Requires at least one of the party to be an existing NatWest customer
  • FSCS protected deposits, up to £85,000
  • Friendly UK customer support with 24/7 messaging
NatWest Business BankingWebsiteRead our in-depth NatWest review

Metro Bank Community Current Account

  • Free bank account for clubs, societies & registered charities
  • Suitable for organisations with annual turnover up to £2 million
  • 200 free transactions each month, 20p afterwards
  • Withdraw & deposit up to £10,000 per month for free
  • Maximum of three account users allowed
  • Choice of in-store, phone, app & online banking
  • Dedicated Relationship Manager
  • Free coin counting offered in all Metro branches
  • Deposits are protected by the FSCS up to £85,000
  • Highly rated bank for customer service
Metro Bank Business BankingWebsiteRead our in-depth Metro Bank review

Virgin Money Charities Choice Account

  • Free day-to-day banking for registered charities with annual turnover less than £1 million
  • Other accounts available for unregistered charities, clubs & societies
  • Enjoy unlimited free cash deposits & withdrawals
  • Free debit card transactions with 0.35% cashback
  • Apple Pay & Google Pay ready
  • More than 130 branches across the UK
  • Multiple charity saving accounts available, up to 4.55% AER interest
  • 24/7 online & mobile management
  • Offers deposit protection up to £85,000 with the FSCS
  • Friendly UK-based customer support team
Virgin Money Business BankingWebsiteRead our in-depth Virgin Money review

Lloyds Treasurer's Account

  • Available to non-profits; charities, parish councils, churches, clubs or societies
  • Free day-to-day banking for those with turnover less than £50,000 per year
  • Have up to two signatories who can access the account
  • Manage the account 24/7 online or by phone
  • Cash & cheque management is free, whether depositing or withdrawing
  • Presentation cheques available for large donations or prizes
  • Improve your digital skills with the Lloyds Bank Academy training
  • After application it takes around four weeks to open
  • Deposits are protected with the FSCS, guaranteed up to £85k
  • Experienced UK-based support team
Lloyds Bank Business BankingWebsiteRead our in-depth Lloyds Bank review

Royal Bank of Scotland Community Bank Account

  • Everyday account made for charities & non-profit organisations
  • No monthly fees when annual turnover is less than £100,000
  • Free transfers, card payments, cash & cheque services
  • Authorise up to four individuals as signatories
  • Comes with contactless debit card & Apple or Google Pay ready for mobile payments
  • Free access to FreeAgent accounting software
  • Bank online, via the app or in-person at RBS & Post Office branches
  • Requires at least one of the party to be an existing RBS customer
  • FSCS protected deposits, up to £85,000
  • Friendly UK customer support with 24/7 messaging
Royal Bank of Scotland Business BankingWebsiteRead our in-depth Royal Bank of Scotland review

Bank of Scotland Treasurer's Account

  • Available to non-profits; charities, parish councils, churches, clubs or societies
  • Free day-to-day banking for those with turnover less than £50,000 per year
  • Additional signatory access available
  • Manage the account 24/7 online or by phone
  • Cash & cheque management is free, whether depositing or withdrawing
  • Presentation cheques available for large donations or prizes
  • Guidance & support available from dedicated Business Management Team
  • After application it takes around four weeks to open
  • Deposits are protected with the FSCS, guaranteed up to £85k
  • Experienced UK-based support team
Bank of Scotland Business BankingWebsiteRead our in-depth Bank of Scotland review

Barclays Charity & Impact Account

  • Account for registered & excepted charities or community groups that turnover less than £100k
  • Free everyday banking including cheques, cash management & coin exchange
  • Offers cash collection from G4S, starting at £15 + VAT
  • Appoint a maximum of three account operators
  • Bank in-branch, over the phone or whenever, wherever with online banking
  • Grow your online skills with Digital Eagles training
  • Take donations or payments online, by phone or fac-to-face with Barclaycard
  • Offers full FSCS protection up to £85,000
  • Friendly UK customer support available Monday to Friday
Barclays Business BankingWebsiteRead our in-depth Barclays review

Santander Treasurer's Current Account

  • Free banking for clubs, societies & charities that turnover less than £250k per year
  • Deposit or withdraw cash & cheques for free, service available at Post Office branches too
  • In-branch, phone & 24/7 banking online or via mobile app
  • Set up & manage text or email alerts
  • Have up to three signatories & you can nominate other people to manage the account
  • There are more than 450 branches across the UK
  • Benefits from FSCS deposit protection
  • Friendly UK-based customer support team
  • Awarded Moneyfacts Best Business Current Account Provider & Business Bank of the Year 2023
Santander Business BankingWebsiteRead our in-depth Santander review

HSBC Charitable Bank Account

  • Available to established not-for-profit organisations with charitable purposes
  • Can have a maximum annual turnover up to £2 million
  • Charges a monthly management fee of £5
  • Cash & cheque deposits cost 40p per credit, plus 0.40% of value for cash in
  • Bulk deposits are charged at 30p, plus 0.35% of cash value & 25p per bulk cheque
  • Account can be accessed by up to four significant peoples
  • Free card & online payments (via Business Internet Banking)
  • Bank 24/7 online or in-branch at HSBC or any Post Office
  • Offers deposit protection up to £85,000 with the FSCS
  • Experienced UK-based support team
HSBC Business BankingWebsiteRead our in-depth HSBC review

Reliance Bank Charity Current Account

  • Account for registered charities that turnover more than £250,000 annually
  • Monthly service fee charged at £5
  • Cash & cheques paid in at NatWest or RBS branches cost 80p per £100
  • Card payments & cash withdrawals are charged 25p each
  • Instant access & notice savings accounts are available
  • 24/7 online access with internet banking
  • Business debit card & chequebook included
  • Covered by the FSCS, protecting deposits up to £85,000
  • Official bank for The Salvation Army
Reliance Bank Business BankingWebsiteRead our in-depth Reliance Bank review

Danske Charity Account

  • Available to registered charities with an existing Danske relationship
  • Charges a monthly fee of £2.50 with free access to Danske District, their online banking platform
  • Cash deposits charge a fee of 20p per £100 paid in
  • While cash paid out at the counter, or exchanged, costs 66p per £100
  • ATM withdrawals are free, unless the machine states otherwise
  • Cheques are charged at 41p per item
  • Services available at Danske & Post Office Branches
  • Account can be managed 24/7 online & through the District app
  • Protected by the FSCS for deposits up to £85,000
  • Customer support available by phone or online chat
Danske Bank Business BankingWebsiteRead our in-depth Danske Bank review

What is the best bank account for a charity?

  • Best charity bank account overall: The Co-operative Community Directplus · Free
  • Best free charity bank account: Metro Community Account · Free
  • Best for cash & cheques: CAF Cash Account · Free
  • Best for cashless transactions: Zempler Business Bank Account · From £0
  • Best for high turnover: Unity Trust Business Current Account · £6

What are charity bank accounts?

Charity bank accounts are not too dissimilar from business bank accounts.

They offer many of the same features but are ultimately more geared towards benefiting charitable and not-for-profit organisations.

The main differences between standard business accounts and those designed for charities is that they usually offer lower fees and help make applying for tax exemptions and Gift Aid easier.

How much do charity bank accounts cost?

This varies depending on the bank but most offer standard banking services for a small monthly fee, and some even offer them for free.

Aside from the account holding fee, you are likely to be charged for automated transactions, such as online transfers, and manual transactions, like cash and cheque services.

Who can get a charity bank account?

The eligibility criteria for each charity account will vary from bank to bank, but in general those that can open a charity bank are organisations that have a charitable cause, such as:

  • Charities registered with the Charity Commission
  • Societies, clubs or community-interest groups
  • Community amateur sports clubs (CASC)
  • Co-operatives
  • Places of worship

Some banks do accept unregistered charities since to register as a charity, with the Charity Commission, you need to have at least £5,000 in income.

How to open a charity bank account

You should be able to apply to open a charity bank account online, over the phone, by post or in-person, depending on the bank.

The documents needed may vary too but most banks will require the following:

  • The charity's registration number & proof of status
  • The charity's trust deeds
  • The charity's financial details, such as turnover
  • Details of all trustees or signatories, including name, address & involvement

Frequently asked questions

It's not uncommon to have questions when looking in to business banking, especially for the first time. These are some of the most relevant questions for business bank accounts:

Not all are but some do offer free transactions, within limits, and/or no monthly fees for holding the account.

You can, but this isn't encouraged because it can get confusing mixing your personal money with the charity's.

All of the accounts listed above are covered by the Financial Services Compensation Scheme (FSCS), which means the charity's money is protected, should anything happen to the bank.

The FSCS protects up to £85,000 per individual so the more signatories on the charity account, the more money is protected.

Yes, if your charity has less than 50 employees then it is eligible for the Current Account Switch Service. Even so, larger charities can ask their new prospective provider to arrange the switching process.

Yes, there are a number of banks that offer overdrafts on their charity accounts.

Gift Aid is a scheme available to charitable non-profits that allows them to claim 25p from HMRC for every £1 donation.

No, charities do not need to pay tax on any interest they earned from their charity bank account.