Charitable Bank Account

[Ch49]

We are a bowling club and on our latest bank statement it says we are a Charitable Bank Account. We have never had this before - whate does it mean ?

[dannyk13]

https://www.business.hsbc.uk/en-gb/everyday-banking/business-accounts/charities-schools/charity-banking-community-account

[Buenchico]

As Danny's link shows, it almost certainly indicates that you're getting a much better deal than regular business customers.

I used to run the bar for a local bowls club and, on a day to day basis, I had far more interaction with our bank (Barclays) than even the club treasurer did. (That was simply through paying in the bar takings and/or going to get change from the bank). If I needed loads of change because we had a big event coming up, I could simply go into the bank and get it without charge. If I'd been a local shopkeeper with a Barclays account though, I'd have had to pay a fee for obtaining change. Other banking fees are either reduced or waived for charitable account holders too.

[Ch49]

Many thanks to all