Charity Current Accounts...

The media are often telling us about the exorbitant charges banks make to run an account.

For charities with an annual turnover of less than £500,000, we offer you FREE banking if the account is operated in credit and there are no more than 25 entries on average per month, and cash handled does not exceed £1000 per week.

For charities with an annual turnover of more than £500,000 we will review usage and likely transaction costs with you to agree an appropriate tariff.

Those customers that maintain a credit balance averaging £5,000 or more during the charging period may qualify for a discount against the overall charges. The amount of discount will depend on the size of the credit balances held and the period for which these balances are maintained, plus the volume of transactions passing through the account

As a charity account holder of Reliance Bank Limited we offer the following services:

• 6 months FREE banking (if in credit)
• Current accounts with a cheque book, paying in book, electronic payments facilities.
• Paying in facilities through a choice of High Street banks such as HSBC, Natwest, Lloyds TSB, Barclays and RBS
• VISA Debit card (subject to application)
• Overdrafts (subject to status and application)
• Business Lending
• Instant Access or Fixed Term savings accounts
• Customer Service team in the UK
• Quarterly statements
• Personal Relationship Managers to assist with your banking enquiries
• Simple transaction charges – allowing you to operate your account efficiently
• Internet banking (i-bank) which gives you access you to your account 24/7 with the ability to transfer money, make payments and view your accounts at the touch of a button

After the introductory 6 month period, we will notify you of the date for charges to commence. These charges are debited from your account on a quarterly basis in January, April, July and October, (refer to fees & charges list).

For a general indication of the proposed charges please complete the enquiry form located on the bottom of this page.

We also offer a Charity Instant Access Savings account that combines tiered interest rates, with interest paid quarterly