Message to clubs regarding bank activity

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Mick Norris
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Re: Message to clubs regarding bank activity

Post by Mick Norris » Tue Aug 10, 2021 10:57 am

Yes, HSBC are introducing charges for community accounts

I've had Barclays suggested to me, but there's currently a 6 week wait

List of possibles

I might take up Nick's suggestion of Metro
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Stephen Westmoreland
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Re: Message to clubs regarding bank activity

Post by Stephen Westmoreland » Tue Aug 10, 2021 11:00 am

I have had no comms on the charges. Better check it out.
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Mick Norris
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Re: Message to clubs regarding bank activity

Post by Mick Norris » Tue Aug 10, 2021 11:11 am

I had an email from HSBC yesterday

I see that Metro branches in the North are Sheffield, Bradford, Manchester & Liverpool, and it looks like a visit to a branch is needed
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Stephen Westmoreland
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Re: Message to clubs regarding bank activity

Post by Stephen Westmoreland » Tue Aug 10, 2021 11:12 am

Thanks Mick. Is this a blanket charge or for just over certain thresholds?
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Mick Norris
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Re: Message to clubs regarding bank activity

Post by Mick Norris » Tue Aug 10, 2021 11:35 am

From 1 November 2021, our Community Accounts will no longer be available, as we’re introducing a new Charitable Bank Account for charities and not-for-profit organisations that operate for a charitable purpose.
What changes will you see?

• The Charitable Bank Account has a monthly account fee of £5.00

• Cash paid into and out of your account over the counter will be charged at 0.40% of the value deposited or withdrawn

• Cheques paid into and out of your account over the counter will be charged £0.40 per cheque

• Change supplied over the counter will be charged 1.5% of the full amount

• Auditors Certificates will charged at £25.00 plus VAT

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Stephen Westmoreland
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Re: Message to clubs regarding bank activity

Post by Stephen Westmoreland » Tue Aug 10, 2021 12:10 pm

That is really poor from HSBC. Oh well.
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Stephen Westmoreland
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Re: Message to clubs regarding bank activity

Post by Stephen Westmoreland » Tue Aug 10, 2021 12:41 pm

Spoke with them online. Will be moving 2 club accounts...
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Paul McKeown
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Re: Message to clubs regarding bank activity

Post by Paul McKeown » Tue Aug 10, 2021 1:07 pm

Barclays provide a comprehensive service for Community Organisations, and such accounts don't normally incur business charges. Lloyds, also, but my experience with them is that they seem to keep you on cheque based transactions rather than electronic banking; perhaps it was just difficulties linked to their demerger at the time I was trying. My advice is to use Barclays.

Mick Norris
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Re: Message to clubs regarding bank activity

Post by Mick Norris » Tue Aug 10, 2021 1:16 pm

Thanks Paul, I have been told that Urmston have switched to Barclays; unfortunately, there appears to be a 6 week wait for an appointment
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Kevin Thurlow
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Re: Message to clubs regarding bank activity

Post by Kevin Thurlow » Tue Aug 10, 2021 1:33 pm

I ditched HSBC many years ago. When the mortgage rates were going mad in the 90s, life became difficult, so a HSBC manager summoned me and told me the best thing to do was to default on the mortgage. I found this surprising...

My small (i.e. just me) company has had an account with Barclays for about five years and they haven't annoyed me yet.

Andrew Smith
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Re: Message to clubs regarding bank activity

Post by Andrew Smith » Tue Aug 10, 2021 7:47 pm

Bourne End's Congress Account has been with Barclays. We opened it just before the 2019 congress. I noticed that it suddenly disappeared off my online banking access and when I phoned them, after queueing for 30 minutes, they told me the account had been closed because of inactivity in the previous 12 months. I asked them to reinstate it but they said they couldn't do that. They said we would have to complete new paperwork and set up a new account. I have a hunch that when the smoke clears, they will say that we cant open a new account - but we will see.....

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Stephen Westmoreland
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Re: Message to clubs regarding bank activity

Post by Stephen Westmoreland » Tue Aug 10, 2021 9:18 pm

I keep hearing that Santander and Metro are good ones. Will research Friday when on holiday.
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Mick Norris
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Re: Message to clubs regarding bank activity

Post by Mick Norris » Tue Aug 10, 2021 10:20 pm

Santander not currently accepting applications I think
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Mick Norris
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Re: Message to clubs regarding bank activity

Post by Mick Norris » Wed Aug 11, 2021 12:11 pm

I've spoken to Metro bank though essentially the guy was just reading from the website

Once we've got the paperwork in order, we need to visit a branch; they said there's no appointment system, they just do "walk ins", so best to avoid busy times

Manchester branch is open Saturdays and Sundays though, so quite flexible
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Stephen Westmoreland
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Re: Message to clubs regarding bank activity

Post by Stephen Westmoreland » Wed Aug 11, 2021 6:07 pm

Courtesy of VPN issues at work today, I had a good look. This is where I am:

HSBC – Now charging a fee
Metro – Need to apply in Branch. Nearest one is miles away.
Santander – Not allowing new customers
Lloyds – Not allowing new switches
Barclays – Need an appointment. Nearest one is for October in Bradford (quite a distance and there is continued COVID uncertainty). Branches are mainly shut, which is annoying as there is one down the road.
Co-op – Not offering that account anymore
Monzo – Need a current account

Where I have had some success…
Starling Bank – Really simple to switch and I put Holmfirth here but cannot currently add other users to use the account. I asked when this will be possible as their website said they were looking into it.
Yorkshire Bank/Virgin money is an option and free with limited transactions. I have a bigger account to move, so may look at this.
Nat West Community Bank Account
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