Banks for CICs? Any recommendations?
Mims Talsi
Admin, Ops, IT & Finance
Is Caf Bank still worth it for small accounts? (Anonymous post 🤫)
Ocean King Staff Senior Community Executive at CharityConnect Posted 1 month ago
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This question is from a member of our community that wishes to remain anonymous:
We have a modest account with CafBank. The service has been progressively downgraded. A few years ago we were forced to open an additional 'CafCash' account. I quite understand that they need to make charges, but it is now a burden to have to transfer money every year and to keep a record of this unwanted account.
And we now find that we cannot withdraw funds because I am the only signatory. Of course I can appoint another (real or fictional) signatory, but it is a cumbersome business.
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