Club Bank Accounts

A number of clubs use special bank accounts set up for the purpose of supporting clubs and community groups.

HSBC has now withdrawn its offer of free banking for Clubs and will now charge. 

HSBC's free Clubs and Community Bank Account holders face being moved to
  • the bank's new Charitable Bank Account from 1 November 2021 which includes a £5/mth (£60/yr) fee or
  • one of HSBC's other [possibly fee paying] accounts if you don't meet the criteria for HSBC's Charitable Bank Account 

Other banks still offer a free banking service, particularly for charity groups. HSBC Clubs and Community Bank Account holders will need to switch to a free charity bank account offered by other providers before 1 Nov to avoid the charges.

View Money Saving Expert news item for more information and links.
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Published
12:15:00 03.10.2021
 
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