CIC Association

Serving Community Enterprise

Judith Manifold
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Judith Manifold's Discussions

Banking
4 Replies

Is anyone else having trouble finding a bank that will give free banking to their CIC?  They all seem to claim that they want to support social enterprise, and that they provide free banking to…Continue

Started this discussion. Last reply by John Mulkerrin Dec 3, 2011.

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John Mulkerrin replied to Judith Manifold's discussion Banking
"Good news, and thanks for the update. 99% of Charities are company limited by guarantee so its good that they've made this decision to widen community banking terms to you, and logically to all other CICs. You may well have created a little…"
Dec 3, 2011
Judith Manifold replied to Judith Manifold's discussion Banking
"Hi John Sorry for taking a while to get back on this.  Been very busy with our CIC work!  The update is that we applied to NatWest for one of their 'Community' accounts, which promised free banking for ever, but they got us to…"
Dec 3, 2011
John Mulkerrin replied to Judith Manifold's discussion Banking
"Hi Judith   Adrians recommendation is a good one, free banking up to a million. Would also suggest having a chat with Unity Trust Bank http://www.unity.co.uk/. I believe they have a free banking facility up to £50k for CICs and are…"
Nov 21, 2011
Adrian Ashton replied to Judith Manifold's discussion Banking
Nov 20, 2011
Judith Manifold posted a discussion

Banking

Is anyone else having trouble finding a bank that will give free banking to their CIC?  They all seem to claim that they want to support social enterprise, and that they provide free banking to community organisations etc, but as soon as they realise you are an incorporated company, they insist on giving you an ordinary business account with the usual charges.See More
Nov 18, 2011
Judith Manifold is now a member of CIC Association
Sep 26, 2011

Profile Information

What is your postcode?
LA6 2DE
Name of organisation (if any) you are associated with?
Kirkby Lonsdale & Lune Valley CIC
Is that organisation a CIC?
Yes
Are you interested in representing a CIC at the CIC Association AGM?
No
Are you interested in working in partnership with the CIC Association?
Yes

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