CAF Bank is a registered charity and independent bank that works solely with charities, not-for-profits and donors. Their work is focused around helping their clients make a bigger impact. As the bank itself is a registered charity, clients working with CAF can be certain that any profits the bank makes are reinvested into projects in that sector and that the bank has high standards for ethics, values and standards.
CAF was founded more than 90 years ago and is based in the UK.
CAF Bank Products and Services
CAF Bank offers customers a choice of current account and instant access savings account.
The CAF Cash current account is designed to meet the everyday banking needs of charity and non-profit customers. It is designed specifically with these types of organisations in mind. Customers can manage their transactions either online or on the phone, or in-branch at one of their banking partners.
A CAF Instant Access Savings Account allows charities to earn interest on savings, while still having access to their money whenever they need it. Interest can be paid either into their CAF account or into any other nominated UK account. Customers opening an Instant Access Savings Account can begin saving with a deposit of just £1,000.
All customers of CAF Bank are always able to access expert support from the bank’s UK-based customer service teams. Accounts can be opened online.
CAF Bank Security
CAF Bank deposits up to the value of £85,000 are covered by the Financial Services Compensation Scheme (FSCS). If for any reason the bank is unable to meet its financial obligations to customers, money up to this value will be paid by the scheme.