Charity and Community Group Bank Accounts

Nationwide is to close 15,000 ‘Treasurers Trust’ savings accounts, used by small charities, clubs and societies with a low annual turn over.

The building society began the process of closing its 79,000 Treasurers Trust accounts two years ago.

In 2019, it shut 64,000 such accounts, but it paused the process due to the Covid-19 pandemic.

Nationwide is now writing to the remaining 15,000 account holders to warn them that their accounts will soon be closed too.

We would be interested to hear about your experiences (good and bad) with banking for your group, and we have a short information sheet about Community Bank Accounts from Links CVS, that gives the state of play in the Autumn of 2021.

Please email sarah@ddcvs.org.uk if you would like a copy or if you would like to share your experience. Thank you