Charity Bank

Charity Bank

Charity Bank, founded in 2002, is an ethical bank that lends to charities, social enterprises and other non-profit organisations that intend to use the loan for social or charitable purposes.

Reviews Rating
100%
Review Score
This figure is an average of the reviews score, taken from customer reviews and the overall rating of the bank.
96%
BankRank® Score
This figure is the average of the bank’s total sentiment score and the review scores.
Matt Crabtree
Senior Editor
Matt Crabtree
Matt Crabtree is a senior editor at CompareBanks. He has over 10 years experience in writing about all aspects of finance and is passionate about helping consumers make informed decisions about their money.
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Overview

First Glance

Charity Bank, founded in 2002, is an ethical bank that lends to charities, social enterprises and other non-profit organisations that intend to use the loan for social or charitable purposes.

Features

Contact Info

Email
enquiries@charitybank.org
Address
194 High St, Tonbridge TN9 1BQ, UK
Phone
01732 774040

About Charity Bank

Charity Bank, founded in 2002, is an ethical bank that lends to charities, social enterprises and other non-profit organisations that intend to use the loan for social or charitable purposes.

The bank is also entirely owned by charities and social enterprises and is focused not on making a profit, but on helping charities to secure loans where they have not been able to before, to help savings be invested in an ethical manner and to facilitate social change.

Charity Bank Products and Services

Charity Bank also offers personal banking services; customers opening a personal savings account earn a fair rate of interest, while their money is used to support the work of charities and social enterprises across the UK. Customers can deposit a maximum of £500,000 into this account.

Customers taking out loans with Charity Bank can access the expertise of a manager working in their specific region. On application for a loan, customers are contacted by their nearest regional manager who will then advise on the best way to proceed.

Loans offered by Charity Bank are priced competitively and terms are geared around the lending needs, goals and ethos of the organisation taking it out. Loans are available from £50,000 to £3.5m – if you need a larger amount, Charity Bank may be able to work with other social lenders to help.

Businesses looking to save can open an account with just £10,000. This account is available to limited companies, sole traders and partnerships registered in the UK and with all relevant personnel (directors, signatories, shareholders etc) UK residents. Opening an account is straightforward – complete a short online form and provide a scanned copy of a bank statement.

UK registered charities, trusts and societies have a wider range of options and can open either 1-year fixed rate or 100-day notice savings accounts and can earn higher interest rates depending on their balance.

Security at Charity Bank

Eligible deposits of up to £85,000 with Charity Bank are protected by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.

Charity Bank Contact Details

194 High Street
Tonbridge
Kent
TN9 1BE

Telephone: 01732 774040

Email: enquiries@charitybank.org

Charity Bank

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Charity Bank Reviews

Cetin Yilmaz
March 26, 2024

“I want to open an account for business”

I want to open an account for business

Charity Bank Accounts

Ethical 33-Day Notice Account
Ethical 33-Day Notice Account
Personal
Monthly Fee
0.20% / 0.35%
Interest Rate
Overdraft
Overdraft Rate
Ethical 1-Year Fixed Rate Account
Ethical 1-Year Fixed Rate Account
Personal
Monthly Fee
0.47%
Interest Rate
Overdraft
Overdraft Rate
Ethical 1-Year Business Fixed Rate Account
Ethical 1-Year Business Fixed Rate Account
Business
Monthly Fee
0.47%
Interest Rate
Overdraft
Overdraft Rate
Ethical 1-Year Charity, Trust and Unincorporated Association Fixed Rate Account
Ethical 1-Year Charity, Trust and Unincorporated Association Fixed Rate Account
Charity
Monthly Fee
0.47%
Interest Rate
Overdraft
Overdraft Rate
Ethical 1-Year Credit Union Fixed Rate Account
Ethical 1-Year Credit Union Fixed Rate Account
Personal
Monthly Fee
0.45%
Interest Rate
Overdraft
Overdraft Rate