Simple Banking for Your Mission
The CAF Cash Account is dedicated to the everyday banking needs of charities and social purpose enterprises across the UK. Our simple banking frees you up to focus on what matters most: your work to support others.
The current account provides online banking, and the ability to pay in cash to cheques over the counter at the Post Office and HSBC or RBS branches. If you need help, our UK-based customer services team are right here for you.
The CAF Cash Account is one of very few current accounts that earns you interest.
Key Information
Account Charges
The account comes with a £5 monthly fee and further charges apply for various transactions.
How Interest is Paid
You earn 0.20% gross¹/AER² (variable) interest daily if your account is in credit. We add this interest to your account as a gross amount at the end of each quarter.
Opening Requirements
Opening a new account is a big step that needs consideration. We want you to be happy with your choice – so let's make sure the CAF Cash Account is right for you.
To open a CAF Cash Account:
- Organisations must be charitable and/or have a social purpose, not operate for the benefit of shareholders.
- Organisations must be registered with a UK charity regulator, FCA, Companies House, HMRC, or be exempt/excepted from registration.
- Limited companies must have no disqualified directors, and not subject to insolvency or intention to dissolve.
- Trusts must be registered with the Trust Registration Service (TRS) or be exempt from registration.
- Organisations must be based primarily in the UK with a UK business address.
- Organisations must have a primary contact who is resident and contactable in the UK.
- All key parties must be aged 18 or over.
- You understand and accept the account charges.
- Organisations must not operate Individual Service Funds with CAF Bank.
Your application is subject to status. We assess requests on a case-by-case basis and reserve the right to provide or decline accounts at our discretion. This means we'll assess your financial circumstances and complete credit checks.
Voluntary Organisation Banking Guide
We've been working with UK Finance, other banks and charitable organisations, to provide some useful guidance on how to choose a structure and compare bank accounts. Before you apply, you might like to review the Voluntary Organisation Banking Guide.
Ready to Get Started?
Once we've processed your application, we'll then send you your account details, and online banking log-in and Business card if you have chosen them. Your account will be ready to use, and you can start earning interest on the amounts you deposit.
Apply NowWhy Choose CAF Bank?
Helping you safeguard your funds
We're committed to helping you keep your money safe, through a range of measures and tools.
Protecting your money: Your eligible deposits held by CAF Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
Regulatory Information:
CAF Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 204451).
CAF Bank Limited Registered office is 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ. Registered in England and Wales under number 1837656.
Website Updates
We've made some changes to our website. There's a new design and navigation and we've added more content for you to explore.
Please note: the pages after you log in are staying the same for now.
Please use our contact us form if you would like to contact us about the website.