You can find a charity bank account using this comparison, which includes bank accounts that can be opened in the name of a charity.

It includes accounts:

  • Designed for charities or community groups,

  • Designed for small businesses, but able to accept charities

Check your charity is eligible

You could open a bank account for your organisation if you run:

The type of charity bank account you can get will depend on:

  • The type of organisations it can accept

  • How many employees your charity has

  • Your annual turnover; check the limits using this comparison

Each account has different rules on what types of organisation it can accept, so check this on the bank's website before you apply.

Check the features

You could use a charity account to:

  • Receive bank transfers or card payments, including donations

  • Pay your staff or bills by bank transfer or direct debit

  • Make purchases on a debit card if it offers one

  • Manage your account with internet banking

  • Pay cash or cheques in if the bank has a branch nearby

Check each account's features to find the best charity bank account for your organisation's needs. Here are all the features charity accounts offer.

Compare interest rates

Use this comparison to check the interest rate of each account because many charity bank accounts do not pay any interest on your balance.

If your charity holds a large cash balance, you may be able to earn more interest by keeping it in a charity savings account instead. You could also open a current account for your day to day banking.

Check the cost

Some charity bank accounts charge a monthly fee, but others are free to use unless you go overdrawn.

When you choose a charity bank account, look at the monthly fee using this comparison. Before you apply, check if there are any fees for services you need from your account, like duplicate statements or sending a bank transfer.

Here are the costs and fees that come with charity bank accounts

Charity bank accounts FAQs


Can I get an overdraft with my charity bank account?


Yes, some banks offer overdrafts on their charity current accounts.


Can my charity account receive regular donations?


Yes, they can receive transfers or standing orders from other bank accounts, and some can accept card payments or direct debits.


How can I open a charity bank account?


Some can be set up online, but others can only be opened in a branch. You may also need to provide identification and other documents to the bank.


How do I switch my charity account?


Charities with less than fifty employees can use the Current Account Switch Service. Large charities can ask their new bank to arrange it.


Is the money in my charity's account protected?


Some charities are covered by the Financial Services Compensation scheme (FSCS) for up to 85,000 if their bank goes out of business.


Do I have to pay tax on my charity account?


Charities and some community amateur sports clubs do not usually pay tax on any interest they earn.

About our current accounts comparison


Who do we include in this comparison?


We include business current accounts from our panel of UK banks and building societies. They are all regulated by the Financial Conduct Authority (FCA). Here is more information about how our website works.


How do we make money from our comparison?


We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.

Last updated: 26 August, 2020