The Charity Bank (www.charitybank.org) is a fantastic idea.
They provide finance at much lower rates than those commercially available to Charities. This is dependent upon the general public saving with them. You have a choice when saving with them of receiving no interest (hence reducing ... Read review
Advantages: Provide finance for charities Disadvantages: Low interest rate as it is donated to Charities
The Charity Bank (www.charitybank.org) is a fantastic idea.
They provide finance at much lower rates than those commercially available to Charities. This is dependent upon the general public saving with them. You have a choice when saving with them of receiving no interest (hence reducing cost of borrowing to nil for charities) to receiving 2%. I opted for 2% so that I could ensure that my capital was protected against inflation. ...can download a form off the net and complete it. Be ware of one thing, they want proof of ID which needs to be photocopied and certified as being a true likeness of you by a professional (Teacher/Doctor/Lawyer/Accountant) who is not a relative. You also need to provide proof of address Bank statement/utility bill).
There is a selection of personal accounts (for instance, the building assets account allows payments to be made by Direct ... more
The Charity Bank (www.charitybank.org) is a fantastic idea.
They provide finance at much lower rates than those commercially available to Charities. This is dependent upon the general public saving with them. You have a choice when saving with them of receiving no interest (hence reducing cost of borrowing to nil for charities) to receiving 2%. I opted for 2% so that I could ensure that my capital was protected against inflation.
Opening an account with them is easy, you can download a form off the net and complete it. Be ware of one thing, they want proof of ID which needs to be photocopied and certified as being a true likeness of you by a professional (Teacher/Doctor/Lawyer/Accountant) who is not a relative. You also need to provide proof of address Bank statement/utility bill).
There is a selection of personal accounts (for instance, the building assets account allows payments to be made by Direct Debit, the small steps account is ideal for children to start investing etc). There are also accounts for charities themselves to deposit cash or for corporates. Joint accounts can also be opened.
The minimum balance which needs to be held is £10, and any individual can open an account (if over 16). Statements will be sent out in 6 monthly intervals (April and October).
If you're worried about the security of your assets, the account is subject to Depositor Protection (organised by the Financial Services Authority) which guarantees 100% of all deposits below £2,000 and 90% of the next £33,000.
The benefits to charities are great. It allows them to opt for capital projects now, and not defer whilst waiting for fundraising. For instance, if you donate £50, it goes toward helping people. Great. However, deposit £1,000 and if you decide on 0% interest you may forgo £50 of interest. Well, in this case, the £50 has been used by the charity and the £1,000 can be used as a loan. A really great gift.
This is investment which is socially responsible. You don't have to invest a fortune, I have a few hundred in the account. But, every penny gained by the Charity Bank is passed on to charities. You won't even notice it's not there!!
For further information, go to www.charitybank.org
Advantages: nice blue logo, that's about it. Disadvantages: not helpful when you go through trying times
If you are struggling financially Barclays is probably not the best bank for you, although i appreciate a bank does business not charity work.
Still it would be nice if Barclays bank staff were not so patronising during trying times. This is the reason why i do not use my current account with them anymore. Funny how since i have stopped to use this account with a rather decent salary Barclays is now trying to give me loans, authorised overdrafts..
But no thank you, i will remember how unhelpful they were when i was begging for an £5 authorised overdaft, that's right £5. Barclays refused while happily charging me £30 then £35 when my account was say about £7 or £8 overdraft.
From 2001 to 2007, Barclays charged me £2350 in charges. I found a very helpful website and managed to reclaim £1500. While Barclays did not admit these ...
amdonewithlondon 15.03.2009
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Ciao members have rated this review on average: helpful Review of Barclays Bank
Advantages: occasional market leading and innovative products Disadvantages: Absoluetly no customer satisfaction whatsoever
points given for helping people). I do understand that no bank is a charity and every sharholder pretty much expects profit, but when I last looked HSBC was making over £10 billion profit and the people at the very top, who benefitted most from the sales pyramid, earnt awarded themselves bonuses at least equivalent to or even surpassing, many African nations GDP's.
Recently, HSBC has contravened FSA rules on four occassions with me. I know because i am a financial advisor, and i have to know and adhere to FSA guidelines on a daily basis. So when i am being mis-sold a product - this happened twice by two seperate sales advisors desperate to make a sale and were brazenly lying about a mortgage (the biggest and most financial commitment in ones life) - i know. There has also been inaccurate record keeping and they have been proven to be not ...
Funzo 28.07.2008
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Ciao members have rated this review on average: very helpful Review of HSBC
I first decided that I wanted to open a bank account about two years ago, when I my family booked our first holiday abroad, and of course, I wanted to save as much money as I could so that I would enjoy myself. So, off I marched into town, and began my venture into the world of banking. Now, in my local highstreet, amongst the charity shops and off-licenses, there is a wide variety of different banks, including: Barcley's, Natwest, Yorkshire, Lloyd's TSB and HSBC, to name but a few, and so I popped into ALL of these to get some INSIDE KNOWLEDGE. On first impressions, I thought that I should open an account at TSB because some of my family members have accounts there, and it looked quite modern, but when I asked for advice, the workers didn't appear to have any on offer, and fobbed me off with a cheap, two-page leaflet on ISA accounts ...
rachel_vickers 17.05.2002
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Ciao members have rated this review on average: very helpful Review of HSBC
Good rates, good service, good branches: all the benifits of a building society without the disruption of carpetbaggers!
It's not officially a building society, and like all plcs, has a duty to make profits for it's shareholders. It does a good job of hinding this fact t (*)
