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Charity current account

Current Account icon

Simple. Reliable. Fair. That’s what a current account should be. Our Charity Current Account makes managing your day to day banking easy.

Charity current account summary

  • Free everyday banking for the first 6 months (subject to the conditions shown below)
  • Experienced customer service team
  • Overdrafts available subject to application
  • VISA Debit Card
  • Access to counter services at high street banks nationwide
  • Internet banking

Free banking for the first 6 months

For the first six months of banking with us, you’ll enjoy all the services that come with your current account for free. There are just a few conditions:

  • you have to keep your account in credit.
  • have an average credit balance of £5,000.
  • have no more than 25 transactions on average per  month.
  • your cash handling must amount to less than £1,000 a week. 

A fee may apply if your circumstances mean that you do not meet these conditions.

Apply for this account

In the 2019 Charity Banking Survey Reliance Bank were rated best for:

  • Telephone services
  • Sector knowledge
  • Fees/charges
  • Interest rates
  • Commitment to Corporate Social Responsibility

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if we as a Bank fail to meet our financial obligations. In general, all retail depositors and businesses are covered by Deposit Guarantee Schemes. Exceptions for certain deposits are stated on the website for the Finanacial Services Compensation Scheme.

Switch in 7 days

If you want to fully switch your existing charity current account to Reliance Bank from another UK bank or building society, we’re here to make sure everything happens simply and smoothly. It is guaranteed to take 7 working days and it’s free. It’s all part of the Current Account Switching Service.

Switch an existing account

Everyday Banking made easy

A simple and practical current account for managing your charity’s day-to-day banking transactions. 

Free banking for the first 6 months

For the first six months of banking with us, you’ll enjoy all the services that come with your current account for free. There are just a few conditions:

  • you have to keep your account in credit.
  • have an average credit balance of £5,000.
  • have no more than 25 transactions on average per  month.
  • your cash handling must amount to less than £1,000 a week. 

A fee may apply if your circumstances mean that you do not meet these conditions.

Fair fees

There’s no one-size-fits-all here. Your Relationship Manager will work with you to decide on the account fee or tariff that best reflects the way you expect to use your account. We’ll introduce it after the first six months.

Paying in and cash handling

Subject to a transaction volume and cash handling assessment, counter services can be made available through high street Banks.

Quarterly statements

We issue your charity current account statement electronically every 3 months. Going paperless keeps costs down and is better for the environment.

Your charity account comes with:

  • A Corporate VISA Debit Card and chequebook for making payments 
  • Access to counter services at Lloyds, Barclays, HSBC or Bank of Scotland
  • Access to i-bank (internet banking) so you can view statements and make payments online
  • Dual i-bank authorisations if you need them

Overdraft

All being well, you’ll never need to dip into it. But if you’ve ever experienced fluctuating cash flow (which many charities do from time to time), a pre-agreed overdraft facility allows you to bridge the gap and meet your financial commitments without incurring charges. 

Talk to us. Together we can work out what size and term of overdraft is right for your charity. 
 

  • Available to registered charities who have a Charity current account with us
  • Overdrafts available subject to application

Unauthorised overdrafts

Borrowing funds without authorisation can become an expensive business. We will always do our best to help you avoid unexpected costs, but the fact is, if you go over your agreed overdraft limit, or if your account becomes overdrawn with no agreement in place, a fee will be charged. If you try to make a payment or if direct debits or standing orders are presented for payment, and you don’t have enough funds in your account, these items may be returned unpaid. Again, you may be charged a fee for each unpaid item. Please read our overdraft terms and conditions carefully so you understand the importance of having the right borrowing arrangements in place. If you have any questions about the suitability of your overdraft, please contact us. 
 

Switch in 7 days

If you already have a charity current account with a UK bank or building society and you want to switch it to Reliance Bank, we’re here to make sure everything happens simply and smoothly. It is guaranteed to take 7 working days and it’s free. It’s all part of the Current Account Switching Service.

To switch your account to us, start by opening a Charity Current Account 

Here’s what the Current Account Switching Service guarantees:

  • You open your new account
  • You pick a switch date
  • We take care of closing your old account and moving your balance to your new account
  • We move all your payments, coming in and going out, from your old to your new account
  • We will redirect any payments accidentally made to your old account and get the sender to correct your details
  • We will refund you for any missed payments of fees incurred as a result of your switch

Receiving money from outside the UK

Things you need to know before receiving a payment.

The overseas bank sending the payment to you will need to know the following information about the account you wish to be credited. Providing this information will help to ensure that the payment happens as quickly as possible.
•    Reference: (insert a ref if needed)
•    Bank:    HSBC
•    Bank Address:      27-32 Poultry London EC2P 2BX
•    Swift Code/BIC:    MIDLGB22
•    Beneficiary Account Name:    Reliance Bank Ltd
•    Beneficiary Address:    Faith House, 23/24 Lovat Lane, London, EC3R 8EB
•    IBAN: GB70MIDL40053041376543 (please add your full account name and account number for further credit)

It’s possible for you to receive money into your account from outside the UK in either foreign currency or Sterling.

If money is received in a different currency to what your account is held in, we'll convert it using the most up to date HSBC Exchange Rate available before crediting it to your account.

Apply

1)    Click on Charity Current Account documents at the base of this page and read our key documents
2)    Complete our Business Enquiry Form 
3)    We’ll assess your application 
4)    We’ll set up your account

Read our key documents
1)    Reliance Bank Business Terms and Conditions

2)    Reliance Bank I-bank Terms and Conditions

3)    Reliance Bank Corporate VISA debit card Terms and Conditions

4)    What you need to open a business account

Complete our Business Enquiry Form. 
This form is a paper application form so please print it out, complete it and send it to us at:
Reliance Bank, Faith House, 23-24 Lovat Lane, London EC3R 8EB.

We’ll assess your application
•    The answers you give in the Business Enquiry Form and Business Account Opening Form will help us to give you an indication of your potential bank charges.
•    We assess the organisation’s applying for our accounts to make sure their practices don’t conflict with our ethos.

We’ll set up your account
If your application is successful, we’ll set up your account and send you a welcome pack.

Charity Current Account documents
The Salvation Army

We are proud to be the bank of The Salvation Army International. Find out more about our shared history.