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Charity Current Account

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


  • Experienced customer service team
  • VISA Debit Card
  • Internet banking

Available to registered Charities.

Please see our Fee information for more information.

In the 2022 Charity Finance Banking Survey, Reliance Bank rated in first place for customer satisfaction, specifically:

  • Relationship Manager
  • Branch Services
  • Telephone services
  • Internet services
  • Sector knowledge
  • Interest rates

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.

Current Account Switch Service

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 Switch Service.

Everyday Banking made easy

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

Please see our Fee Information for further information.

Fair fees

Please see our Business Banking support pages for the Charity Current Account Important Information Fees.

Visa Debit card

You can withdraw cash at any cashpoint worldwide that displays the Visa symbol. You can also view your current balance (excluding any arranged overdraft facility) and change your PIN.

For any transaction made outside the UK which is not a GBP or Euro transaction, there will be a flat rate charge of £1.25 per transaction. This fee will not apply to any GBP or Euro transactions.

  1.  You can see the current exchange rates on the Visa website, Click here.
  2.  Open Visa’s Currency Conversion Calculator.
  3.  Choose the currency you want to convert to.
  4.  Enter a ‘Transaction Amount’ (write ‘1’ if you just want to find out the rate).
  5.  Leave the ‘0.00%’ as it is, as we don’t take commission on the Visa exchange rate.
  6.  And choose Great British Pound (GBP) as your ‘Card Currency’.
  7.  Tap ‘Calculate’ to see the current exchange rate!
  8.  The rate you see is the one we pass on directly to you.

But remember, we’ll use the exchange rate at the time the transaction settles (usually a few days after you make it), rather than the one you see at the time you actually make the transaction.

Our debit card is made of degradable PVC making it recyclable, we are doing our bit for the environment!

Quarterly statements

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


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. Any agreed overdraft facility, including interest terms and the agreed limit, is subject to a formal application being submitted to us and subsequent approval from us to put the facility in place. Please refer to the overdraft section in our business account terms and conditions.

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.

Your charity account comes with:

  • A Corporate VISA Debit Card and chequebook for making payments
  • Access to i-bank (internet banking) so you can view statements and make payments online
  • Dual i-bank authorisations if you need them

Current Account Switch Service

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 Switch Service.

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

Switch account document

Here’s what the Current Account Switch 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

International Payments

Sending Money Outside of the UK

When sending funds to an account outside of the UK it is important that you quote as many of the beneficiary’s (person receiving the funds) details as possible. You will need to quote the following:

  • IBAN – International Bank Account Number
  • SWIFT Code/BIC
  • You may sometimes be provided with a routing/fedwire number in place of a SWIFT Code/BIC
  • Beneficiary’s full name
  • Beneficiary’s address – This is particularly important for any payments being made to Canada where this is required to process the payment
  • Bank’s name
  • You may sometimes be required to supply details of an ‘Intermediary Bank’. The intermediary acts as a middleman between Reliance Bank, as the sending bank, and the receiving bank, to where you will be sending the funds.

You would be expected to provide the SWIFT Code/BIC and bank name of the intermediary bank; you will sometimes need to provide an account number too.

Charges Incurred for International Payments

When making a payment to an account outside of the UK you will be charged dependent on the following:

  • EURO Payments – A payment being processed to an account in EUROs within the European Economic Area (EEA) will incur no further charge to that of a Faster Payment. Personal customers will incur no charges for Faster Payments/EURO payments whilst Business customers will be charged dependent on agreed rates.
  • European Community Payments – Any payment made to a beneficiary within the European Economic Area (EEA) in a non-EURO currency will be sent on a ‘shared charges’ basis whereby Reliance Bank’s charge of £15 will be passed to you as our customer, and the receiving bank may apply a charge to the beneficiary account. The beneficiary will therefore not necessarily receive the amount sent in full.
  • International Payments – Beneficiary Charges – Our standard charge for any payment sent outside of the EEA is £15. For such payments, the beneficiary may incur further charges on their account and so they will not necessarily receive the full amount that you have sent.
  • International Payments – All Charges – If you wish to incur all the charges from both Reliance Bank and from the receiving bank, to ensure that the beneficiary will receive the full amount that you have sent, then please advise us.

You will incur an initial charge of £22.50 and further charges may be passed on to you at a later date.

Receiving International Payments

If someone is to send funds to your Reliance Bank account from outside of the UK, the following information will need to be supplied by the individual sending the funds:

  • IBAN – GB70MIDL40053041376543
  • Bank – HSBC
  • Bank Address – 27-32 Poultry, London, EC2P 2BX
  • Beneficiary Account Name – Reliance Bank Ltd
  • Beneficiary Address – Faith House, 23/24 Lovat Lane, London, EC3R 8EB
  • It is vital that the individual sending the funds states ‘For further credit to your account name and account number’. This will ensure that the funds are credited into your account.
The Salvation Army

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

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

Reliance Bank Limited,
Faith House,
23 - 24 Lovat Lane,

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Reliance Bank Limited. All rights reserved. Registered in England. Registration no. 68835.

Reliance Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority.

Financial Services Register number 204537. Member of the Financial Services Compensation Scheme (FSCS)

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