SERVICES
Setting up a bank account is a vital step in managing your charity’s finances and building trust with donors and stakeholders. We simplify this process, ensuring your organisation can operate efficiently and securely.
Challenges in Setting Up a Charity Bank Account
Document Requirements:
Governing document (e.g., constitution or trust deed).
Proof of registration or charitable purpose.
Personal identification for all signatories and trustees.
Bank-Specific Criteria:
Unique eligibility requirements and application processes vary by bank.
Some banks may require a minimum deposit or specific account types.
Verification Process:
Vetting involves verifying trustees and complying with anti-money laundering regulations.
Delays can occur if documents are incomplete or incorrect.
Accessibility Challenges:
Small or new charities may face limited service options.
Online account setup is often restricted, requiring in-person visits.
How We Can Help
We offer comprehensive support to streamline the account setup process.
Document Preparation:
Drafting or reviewing governing documents to meet bank requirements.
Bank Selection:
Recommending banks with favourable terms for charities.
Comparing account features to find the best fit for your organisation.
Application Support:
Completing and submitting application forms.
Liaising with bank representatives to resolve queries or additional requirements.
Follow-Up:
Monitoring application progress and addressing delays or complications.
Our Commitment
We understand how crucial financial management is for charities. By partnering with us, you can focus on your mission while we handle the complexities of opening a bank account tailored to your organisation’s needs.
Contact us today to get started!