Which is the best bank account for your charity? 

Many banks and building societies offer special current accounts for voluntary organisations and charities, and most give free banking if the account is in credit.

Conditions and benefits vary, and can change over time, but we have highlighted the main features of current accounts from institutions that have strong links to the third sector, or who have a significant ‘high street’ presence in Scotland in our bank account comparison table below.


Free online
and day-to-
day banking services

Access to
high street
branch network


by phone


by post

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Charities Aid Foundation Bank   

A registered charity which provides tailor-made financial products and services for the voluntary sector. Any profits made are reinvested into the charity sector.

CAF Cash Account


 Access to HSBC & Royal Bank of Scotland

Key features: £5 monthly fee. Offers dual authorisation on online banking. Low charge CHAPS, free online QuickPay facility for salaries; UK network of cash machines displaying the MasterCard® mark using the CAF Bank business card. Bacs bureau services for payments and collection of Direct Debits; access to card payment processing services.


Charities Aid Foundation logo
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Triodos Bank   

Works specifically with organisations and groups which create real social, environmental and cultural value.

Triodos Charity Current Account


Key features: Charges vary for day-to-day banking services; interest on credit balances of £5,000 or more; dedicated customer focused service and current account transfer service. No credit or debit card available on any current accounts. Access to NatWest or RBS.


Triodos Bank logo
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Unity Trust Bank  

Works with organisations that aim to have a positive impact on society through economic, community or social change.


£500 minimum opening deposit

Key features: There is one deposit and two current accounts available, fees from £6 per month. Option to set up single, dual and triple authority of payments.


Unity Trust Bank logo
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All information featured above collated by the Scottish Council for Voluntary Organisations. Information correct as of May 2017.

This table originally featured in the TFN Charity Finance special edition (issue 831, 15 May 2015.) For funding and finance related news, features and analysis visit http://thirdforcenews.org.uk/funding-and-finance