CIC Association

Serving Community Enterprise

Hi all,

I am a very small CIC, running free community projects mainly with free volunteer support (£120 in the bank for the last few years!). I am not registered as a charity. I had a clubs and societies bank account with HSBC, which was free - up until this month, they now charge £5.50 a month. I can transfer to a normal free account with them, but this would be in my personal name and not in the name of the CIC, which I do not wish to pursue.

I therefore need to change to a new bank, anyone know of any banks that offer a free account to a CIC? Thanks in advance.

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Comment by Samina Noor Deen on January 18, 2022 at 15:52

Hi John,

That looks great, thanks!

Warm regards


Samina

Comment by John Mulkerrin on January 18, 2022 at 14:08

The Co-operative account is free for CICs

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

Best of luck

John

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