13/11/2024
Accessing adequate banking services
In our previous newsletter, we included a summary of an open letter written by Charity regulators to UK Banks which aimed to address several banking challenges that charities face.
In the summer, the Charity Commission published guidance on information for charity banking and the support available to charities trying to access adequate banking services.
The guidance includes information on opening an account, keeping details up to date, charities moving money abroad and how to complain about your bank.
The Charity Commission has provided an update on the banking issues stating that they continue to engage with the Financial Conduct Authority, high- street banks, UK Finance and the wider sector, and will be reviewing the guidance on this matter to charities regularly.
Guidance: https://bit.ly/3YAwN3i
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