Bank account appropriate for a CIC

[George Pepper]

Hello

A Charity I founded has been with NatWest for a decade. Whenever we want to change who has access, it's a complete pain! I wish to avoid these issues when we set up a CIC.

What banks are best suited to a CIC? 

Has anyone had any success with registering a CIC with a non-high street bank? e.g. Monzo, Tide, Revolut etc. I can't find any that will take CIC's.

Multiple people being able to access the account is important too.

Any suggestions or experiences would be appreciated.

Thank you

George

[James Macfarlane]

I've used The Co-operative Bank in the past for a CIC.

https://www.co-operativebank.co.uk/business/products/current-accoun...

[George Pepper]

Thanks for your reply, James.

What has been your experience with The Co-op? Any gripes?

Did/do you have multiple names on the account?

Has it been it straight forward to add and remove access for other people?

Thanks

George

[James Macfarlane]

Yes, it was straighforward enough. One potential trouble may be the limited number of Co-op bank branches, but we only used it online, not for paying in or withdrawing cash.

[Pete Scott]

I have had a business account with Coop for ten years. I would not recommend them. As for adding / removing people? Just awful. Took ten weeks and they never actually added the other person. There was no card issued, no co-signatory on cheques etc. I am in the process of closing my account with the Coop.