Reserve Account for Charities
We understand that your client's charity needs drive their banking requirements. Our versatile Reserve Account is a current account that offers instant access and is ideal for charities that regularly set aside funds to meet future obligations.
Minimum opening account balance of £5,000 required and permits up to 30 day-to-day transactions* per calendar month, without incurring a transaction fee. Thereafter a charge of £0.75 per debit transaction is applicable.
No interest is paid on balances below £100,000.
Please see the Reserve Account for Charities Factsheet and Non-Personal Terms and Conditions for more information.
Interest rates are variable, please see current available interest rates.
* Day to day transactions on this account are: Standing Orders; Direct Debits; bill payments and electronic payments.
How to apply
It is extremely important that clients fully understand the account, the interest rates and the relevant Terms and Conditions before submitting the application.
If you are not a professional adviser and are looking to apply for an account for a business, trust, charity, pension scheme, wrap, society, club, association or a church body/place of worship, then please call us on 0800 092 3300.
All clients must:
Each application will usually be processed within 5 days of us receiving it as long as the application is completed correctly and accompanied by all required documents.
Please note, application forms posted to Cater Allen which are incorrect or incomplete will be automatically returned. If you need assistance when completing a form we are happy to help; please call us on 0800 092 3300 or contact your relationship manager. Calls may be recorded or monitored.