Archives: FAQ - Savings

What unincorporated charities need to open an account

• An original charity letterhead
• Provide details of the resolution to open the account and to authorise those who can operate it
• Registered charities should state their registration number
• A copy of the charity’s constitution and a copy of a directory entry showing membership of a wider organisation
• The signatories who will be operating the account will each need to have their identity verified as specified for individuals
• The initial deposit into the account must be made by a cheque drawn on the charity’s bank account
• A personal cheque from one of the signatories will only be acceptable if the charity does not have a bank account

What corporate charities need to open an account

• An original charity letterhead
• Provide details on the application form of the resolution to open the account and to authorise those who can operate it
• A copy of the charity’s memorandum and articles of association  and shareholders, if applicable
• The trustees who will be operating the account will each need to have their identity verified as specified for individuals
• The initial deposit into the account must be made by cheque drawn on the charity’s bank account

What unincorporated groups need to open an account

• An original group letterhead
• A copy of the constitution and a copy of a directory entry showing membership of a wider organisation
• The signatories who will be operating the account will each need to have their identity verified as specified for individuals
• The initial investment into the account must be by a cheque, drawn on the group’s bank account
• A personal cheque from one of the signatories will only be acceptable if the group does not have a bank account

You can put a minimum of £10 and a maximum of £250 a month into a Regular Savings account.

Contact the Savings team for the relevant form.

No – the Regular Savings account has been created to accept regular payments by Direct Debit only.

This depends on the balance of your existing account, as you can only pay in a maximum of £250 for your first deposit. You will need to open a Regular Saver account first, and then you could make your first payment as a transfer from your existing account.

No, online statements or downloaded documents cannot be accepted under any circumstances.

No, just the application form and a personal cheque when applying for a Regular Savings account. We will advise you if we need any ID.

You can change your address using our Change of address notification form, by sending us a signed letter, or through our online service. You can also tell us over the phone or by email. If you email us, you must use the email address we hold on file for you.