After years of inertia, more than half of charities changed their bank in 2008, as trust in banks was shaken by the financial crisis.
Charity Finance runs an annual Charity Banking Survey each April, which looks at which banks are popular in the sector, their performance, and how proactive charities are in making key banking decisions.
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The Treasury Select Committee has scolded the Payments Council for attempting to abolish cheques, and told it to ensure that banks do not attempt to abandon them by stealth.
The Payments Council has withdrawn its plans to abolish cheques by 2018, promising to keep them “for as long as customers need them”.
The government is insisting that the Payments Council’s proposals for an alternative to cheques must include a paper-based system, Lord Sassoon has revealed.
Russell Prior, who for six years has led the Charities Aid Foundation's enterprise and philanthropy development, is to leave in June to develop HSBC bank's philanthropy proposition.
CAF Bank has moved to demonstrate the charity sector’s reliance on cheques by revealing that it received 1.7 million cheques worth £471m in the 2010/11 financial year.
The Charities Aid Foundation (CAF) has processed its first overseas loan on behalf of CAF donor Roger Ross, who has lent £1m to the World Peace Festival taking place in Berlin this summer.
What you don't know about attrition: tipping the iceberg
Without getting involved in your charity’s direct debit payment process, fundraisers could be getting only part of the attrition picture – and potentially missing out on income. Rupert Tappin and Morag Fleming say fundraisers need to take charge of their payment processes.
Chair of the Philanthropy Review Thomas Hughes-Hallett has criticised the imminent Big Society Bank, saying it is potentially setting up a system to encourage vulnerable charities to borrow money.
Charity Bank has won the Institute for Financial Services’ award for outstanding innovation, beating off competition from major high street banks.
Minister for civil society Nick Hurd has "clarified" a comment made by children’s minister Tim Loughton last week that most of the funds from the Big Society Bank would be allocated to youth projects.
The Payments Council has decided not to push ahead with the abolition of cheques unless charities and other organisations are prepared for it.
The Payments Council is to hold a series of meetings with the voluntary sector on the future of cheques and alternative methods of payments.
The government will commit no more than £75m from dormant bank accounts as initial capital for a Social Investment Wholesale Bank, it announced today in its Pre-Budget Report.
The long history of the cheque could soon be coming to an end, but that does not mean that cheque donors will suddenly turn their backs on their charities.
A small charity has managed to secure a full refund of the money it lost in the Icelandic bank collapse last year by claiming it was a retail depositor. Kaupthing, Singer and Friedlander has returned £261,000 to the League of Friends of Brampton and District War Memorial Hospital, which had had the money tied up in the bank at the time of its collapse last year.
The government should establish a £30m fund to boost internet technologies for the charity sector, according to a manifesto released this week. The Community Foundation Network (CFN) has released its long-awaited Manifesto for Community Philanthropy, which calls on government to create a ‘Philanthropy Infrastructure Investment Fund’ to invest in those projects aiming to increase giving levels, but also to introduce new philanthropic tax breaks and bank account types.
I'm in the process of leaving Australia, my home for the past nine years, as I'm off to live in London for the foreseeable future.Whilst tidying up my life over here I've contacted some of my favourite Australian organizations to whom I've been a regular monthly giver over a long period of time to ask them to stop my direct debit payments.
Charities should find it easier to find lost legacies that are due to them thanks to the launch of a one-stop-shop website containing details of all bank, building society and National Savings accounts .
The City entrepreneur Peter Cruddas greeted news that he had netted millions from a business deal last week with a pledge to give away £1bn to charity over his lifetime
The Northern Rock Foundation is to close four of its grant programmes and cut expenditure by more than two-thirds in 2008 amid uncertainty over future donations from the troubled bank
Fundraisers struggling with the intricacies of Originator Identification Numbers and AUDISS instructions can now go online to swot up on how to deal with enquiries about direct debits
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