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This Voluntary Organisation Banking Guide is aimed at charities, clubs, community groups and societies.
Please note that all content reflects best practice guidance shared by industry in a working group comprised of Banking and Voluntary Sector Partners and UK Finance. The Voluntary Organisation Banking Guide represents the views of UK Finance and its Banking and Voluntary Sector Partners. The Voluntary Organisation Banking Guide is strictly for guidance only and has not been approved by a regulatory body. It does not represent formal or legal regulatory advice, and whilst anyone is welcome to use the Voluntary Organisation Banking Guide, it is entirely at their own risk. UK Finance, in collaboration with its Banking and Voluntary Sector Partners, would like to emphasise that the Voluntary Organisation Banking Guide is not binding, and does not give rise to any enforceable obligations or duties. Accordingly, UK Finance and its Banking and Voluntary Sector Partners shall not be responsible or liable for any loss, damages or costs arising from the use of the Voluntary Organisation Banking Guide. Users of the Voluntary Organisation Banking Guide should ensure that it is suitable for their use (and that appropriate due diligence has been conducted, including in relation to compliance with relevant laws).

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3. Account Finder

UK banks offer a selection of different accounts to meet the varying needs of the voluntary sector. Use this tool to find the account which is best for you and your organisation. If you haven’t already, use our Finance Needs Support Tool to help you consider and determine your most important banking needs.

Filter accounts with the categories below to find the account that’s right for you and your organisation

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Lloyds Bank Treasurers Account

Ethos / Approach to banking

Lloyds Bank has supported the people, businesses and communities of Britain for over 250 years. We provide digital banking services to over 1 million business, charities and not-for-profit organisations across the UK. We offer a range of products and services to support not-for profit organisations – from accounts with free accounting software to payment solutions, deposits and insurance.

What is the name of your account(s) and who is eligible?

Treasurer’s Account. To be eligible, you must be a Charity and have an annual turnover of less than £50,000.
Community Account. To be eligible, you must be a not-for-profit organisation such as a Club, Society or Association and have an annual turnover of less than £250,000.

Which types of Charitable Entities are you able to offer accounts to?

Not for profit organisations.

What branch-based services do you offer:

Cash in
Cash out
Payments
Cheque Deposits

Customers are able to use the branch for cash, cheque deposits, though we encourage our customers to use online services where possible as it is more secure and efficient for them.

If branch-based services differ on a regional basis, do you have a postcode search function that clients can use?

Yes. Click here.

Do you offer any services through the Post Office or Banking Hubs? Please specify.

Yes.

Deposit Cash and Cheques
Check your balance
Withdraw cash
Cash Exchange

What online services do you offer:

Online and Mobile Banking

Offer 1-to-sign, 2-to-sign, 3-to-sign options.
Individual Limits for each user
Mobile app: capability to deposit cheques, change people on the mandate, add additional signatories for 2-to-sign.

How do you add someone to the mandate? Having the right individuals on the mandate is critical for a charity to bank effectively.

Mobile app

Within online / mobile banking
Digitally via our website.

Online application form is available.

Alternatively, you can call our support teams.

How do you add someone to online banking?

Via online or mobile banking.

Do your Current accounts offer credit interest or is a separate Deposit account required?

No. A separate deposit account is required for interest bearing accounts.

Debit cards allowed on the account?

Yes.

Minimum opening deposit amount required?

£1.

Free banking and any requirements? (turnover)

Yes. Free banking is offered on our Treasurer's Account for not-for-profit Charities with a turnover of up to £50k per year.

Fee Information Document (link to) / Tariff

Please see our Banking Charges leaflet within the charges section. Click here.

Do you offer international payments? Do you have any advice for charitable entities making overseas payments?

Yes. Please note that some countries and areas may be deemed high risk and there may be restrictions in place

Additional services available

Yes. A range of support to help you manage and grow your business:

Free Accounting Software
Payment services

Dual authorisation for payments

Yes.

Dedicated phone line

No.

Please click here to view Lloyds Bank Treasurers Account profile on their website.

Information correct as at July 2024

Best for

Dual Authorisation
Online mandate changes
Post Office / Banking Hub services

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