Charity account

Our Charity account is tailor-made for charities registered with one of the charity commissions in the United Kingdom.

We’ll give you free day-to-day banking when you’re in credit and a team of specialists to help you. And for larger charities^ an experienced relationship manager is on hand to support you, so you can spend less time on administration and more time on raising funds.

Reasons to choose our Charity account

  • Free day-to-day banking when you're in credit.
  • Access to our 1% Gross/AER* interest (variable) instant access savings account
  • Get a free Square Reader to take card payments/donations easily. And pay no fees on your first £1,000 of transactions. T&Cs apply.
  • Grow your organisation with specialist support from Enterprise Nation. T&Cs apply.
  • TSB Fraud Refund Guarantee to protect you. T&Cs apply. Find out more.
  • No notice required for withdrawals. 
 
* For balances over £5,000. AER stands for Annual Equivalent Rate, which shows what the interest rate would be if interest was paid and compounded once each year. Gross rate is the contractual rate of interest payable before income tax is taken off. Interest is calculated daily and paid monthly.
^ A relationship manager is available for charities with an annual turnover of £500,000 or more.

Account features

Credit interest is not paid on this account

We don't make any charges on our Charity account
so all day-to-day banking is free, which means:

  • Paying in or taking out cash
  • Paying in or issuing cheques
  • Paying standing orders and direct debits
  • Using a debit card to make a purchase or ATM withdrawal
  • Unlimited deposits and withdrawals

All we ask is that you keep your account within agreed limits, like not going overdrawn.

You can pay in cash and cheques at any Post Office counter. Payments take an additional business day to reach us.

Some additional services like CHAPS payments carry fees and you may be charged for these. Details of these services and charges can be found in the Your account charges explained brochure.

Other benefits include:

  • No minimum amount is required to open a Charity account
    with us
  • Direct debits and standing orders can be set up quickly and easily
  • Free monthly statements so you can regularly monitor your funds
  • Free presentation cheques for when you want to make a large donation or award a major prize
  • Free coin bags for those important piles of change

With a TSB Charity account you can access your money when it's convenient for you:

  • Visit one of over 500 branches. Find your nearest one
  • Pay in cash and cheques at one of the 11,500 Post Office counters - it will take an additional day to reach us. Find your nearest one.
  • Manage your money 24/7 with our Internet Banking service
  • Speak to a Business Advisor by calling 0345 835 3858 
  • Receive account updates via text alerts. Find out how

Check you're eligible

When you apply you need to confirm that:

  • You require the account for a Not-For-Profit organisation
  • Your organisation is a charity registered with one of the charity commissions in the United Kingdom
  • Your organisation is not a Trust
  • You are aged 18 or over
  • You are resident in the UK (one party in your application must live in the UK)
  • You have read the Terms and Conditions

Useful documents

Please find key documents and further information on our legal page.

Business debit card

Our Business Debit Card gives you a quick, easy and cost-effective way to settle your day-to-day business expenses. 

Key features:

  • No annual fee
  • Withdraw money from a cash machine
Call

Call

Speak to a Relationship Manager on 0345 835 3858.

Telephone Banking
Visit

Visit

Find your nearest branch or cash machine using our Branch Locator tool.

Find branches