voluntary organisations, social enterprises and volunteering
voluntary organisations, social enterprises and volunteering
voluntary organisations, social enterprises and volunteering
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FVA's Guide to Bank Accounts for Third Sector Organisations
Created: 09/04/2025
News/Events Category: FVA News
This item will show under the following categories: Governance
With some banks, including Bank of Scotland, recently introducing monthly charges for their basic bank accounts, we've put together a handy guide to help you with financial procedures.
Most organisations should operate a proper bank account, in the name of the organisation. Choosing an account and knowing how to operate an account is important. The guide provides guidance on banking options.
Selecting the most suitable bank account for a community group or charity depends on several factors, including fees, cash handling options, digital banking features, and requirements for setting up an account. Our guide highlights the most relevant accounts for different organisational needs while also recognising that niche options may exist and should be researched further.
The guide includes bank account options, tips about operating a bank account, financial procedures, record-keeping, and a helpful table with a guide to different bank accounts for community groups and charities.
Click here to access the guide.
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