Setting Up Your Group’s Bank Account

Once your organisation has chosen a legal structure and sorted its governing documents, you’re ready to open a bank account. Here’s what to keep in mind:

Things to Know Before You Start 

Pick the Right Account 

  • You’ll need a bank account designed for non-profit or community groups — not a personal account. 

Give it Time 

  • Opening an organisational account can take up to 8 weeks, so plan ahead.

Keep Names Consistent

  • The name on your bank account must match the name on your governing documents exactly. Any mismatch can cause delays — especially when applying for funding.

Explore your Options

  • Look into accounts from local credit unions, online banks and high street banks. Choose one that suits your group's needs.

Stay Updated

  • Banks often change their products and services. Check their website for the latest information before you apply.

Need a Starting Point? 

While Community Wealth Builder doesn’t endorse specific banks, we’ve put together a list of options to help you get going: