Opening a community bank account

From: BCM

Grant funds for community activities need to be paid into a community bank account.

This is different from a personal or a business account – and is sometimes known as a treasurer’s account or club/society account.

We have produced a short handout to tell you more about how to open and operate a community bank account.

BCM can’t recommend any particular bank account, but Resource Centre has a very useful list of bank accounts that are available to not-for-profit groups. 

Also, ask around, find out which banks other similar groups use, and what they think of them!

 

This resource was last reviewed in July 2022

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