Community Accounts for Clubs, Societies and Charities

Convenient day to day bank account for non profit making organisations with up to £2m annual turnover.

  • First £10,000 cash paid in or withdrawn each month at our counters is FREE
  • 200 FREE  transactions per month
  • No monthly account fee
  • Convenience of a MasterCard® * debit card
  • Online and telephone banking
  • Free transactions in Europe**
  • Monthly statements
  • FREE presentation cheques for special occasions

* MasterCard® is a registered trademark of MasterCard International Incorporated.

**Overseas transactions are free in Europe with fees applied in the rest of the world. Europe consists of the member countries of the Single European Payment Area (SEPA). To view a list of these countries, please click here

Things you should consider:

  • You can apply for a Community Account if you are a club, society or charity
  • No credit interest is paid on this account (but remember we have some great deposit accounts!)
  • Debit cards are only available on accounts where a single person may withdraw funds
  • A credit check will be undertaken with a credit reference agency when you apply for a Community account and/or an overdraft
  • Overdrafts are subject to status and application and both agreed and instant overdrafts are repayable on demand
  • For information on cheque clearing, please see 'Our Service Relationships with Business Customers"

Please download and read full details for this product below.

Downloads:
Community Accounts for Clubs, Societies and Charities Important Information Summary
Our Service Relationship with Business Customers

Overdrafts

  • Agreed overdrafts with a limit of up to £25,000 incur an interest rate of 10% EAR* fixed
  • For amounts over £25,000 we will agree a fixed or variable margin over base rate with you 
  • Agreed overdrafts are subject to an arrangement fee of 1.75% of the limit or £50 whichever is greater for overdrafts up to £25,000
  • For overdrafts over £25,000 we charge an arrangement  fee of 1.25% of the limit
  • Instant overdrafts incur an interest rate of 25% EAR* variable
  • Interest is calculated daily on your account and the amount of interest payable will be shown on your monthly charges statement.

Instant overdrafts may also incur additional charges such as:

  • £25 for an Unpaid Item charge (this is for any payment which we do not honour as it exceeds any agreed overdraft limits, thereby creating or increasing an instant overdraft)
  • £15 for a Paid Item charge (this is for any payment which we honour but which exceeds any agreed overdraft limits, thereby creating or increasing an instant overdraft)

Debit Cards

Withdrawals from Metro Bank ATMs are free, however, you should be aware that there are some ATM owners who may charge for withdrawals - there should always be a warning on the screen before they do so, giving you the option to cancel the transaction.

If you use your card abroad, foreign currency transactions will be converted into sterling on the day it is paid out of your account – the exchange rate is set by MasterCard®** 

Metro Bank will not charge you for international debit card transactions made in Europe***, and our rates in the rest of the world offer outstanding value. Find out more about using your credit or debit card abroad.

Other Charges

Payment Type

Charge

CHAPS and SWIFT payments £17.50 per transaction
Stopping a cheque £10 per item
Issuing a banker’s cheque £15 per item

Stopping a banker’s cheque

£10 per item
Auditors request for a bank report £25+VAT

For full details, please read the Important Information Summary.

*EAR stands for Effective Annual Rate and illustrates what the interest rate would be if interest was charged and added to the amount owed once each year.  It does not take into account fees and charges. We may change any of the rates and charges and introduce new charges under the Terms and Conditions of the account.

**MasterCard® is a registered trademark of MasterCard International Incorporated.

***Overseas transactions are free in Europe with fees applied in the rest of the world. Europe consists of the member countries of the Single European Payment Area (SEPA). To view a list of these countries, please click here

Please visit your local store to apply for this account.

For any queries, please call the Business Customer Service Team on 0345 08 08 508. Alternatively, please email us on Business.Team@metrobank.plc.uk

Clubs, Societies and Charities