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Treasurer's Current Account

Free day-to-day banking for clubs, societies and charities

If your business is a not-for-profit organisation such as a club, society or charity with an annual turnover of up to £250,000, you could get free day-to-day banking with our Treasurer's Current Account.

Day-to-day banking includes:

  • cash deposits

  • depositing and sending cheques

  • depositing cash over the Post Office counter

  • withdrawals

  • Direct Debits, standing orders and bill payments

  • Bacs credits

  • debit card payments

There is a charge for non-standard transactions such as change-giving, CHAPS payments, and foreign currency transactions; a full list of non-standard transactions is available in the Key Facts Document. A daily limit applies to cash machine withdrawals and a transaction limit applies to faster payments. Please see the Key Facts Document on the Terms & conditions tab for full details.

You’ll also benefit from:

  • Access at cash machines and at participating Post Office branches nationwide (services and opening hours for individual Post Office branches within the Post Office Network may vary).

  • Easy access - secure Online and Mobile Banking 24/7, plus free text message and email alerts on your account. 

  • Chequebook and a Visa contactless debit card - a quick and secure method of buying goods and services at home and abroad (other types of cards are available to give to your employees)

  • Contactless payments with your mobile by linking your Santander debit card to your Apple, Android or Samsung device.

  • Online business support and guidance.

Important information

  • No interest is paid on Treasurer's Current Account credit balances.

  • You can have an account with up to 3 signatories. Any one signatory can approve any financial transaction (although changes to account details will require the signature of two members of the Board/Committee). There is no option available for more than one signatory to be required to authorise financial transactions.

  • You can nominate others to manage the account so you can focus on running your business.

Overdrafts
There is no Arranged Overdraft facility available on this account. You will go into an Unarranged Overdraft if your account balance falls below zero. The Unarranged Overdraft interest rate is 29.5% EAR (variable). The unpaid item fee is £32 and the paid item fee is £30. Please see the Key Facts Document on the Terms & conditions tab for full details.

Switch your current account in just 7 working days

We are members of the Current Account Switch Service. This means your switch will be completed in 7 working days and is backed by the Current Account Switch Guarantee.  

All taken care of
Our dedicated switcher team manage the switch of all your Direct Debits, standing orders and bill payments. On your switch date, your old account will close. We'll transfer in any balance from your old business account and make sure any payments to and from your old account are redirected to your new account. We'll also contact the sender to give them your new account details.

Choose the date your switch starts
The switch can begin on the day your account is opened or any time in the next 60 days. We'll ask you to choose when you apply.

Stay up to date
We'll keep you updated of progress by letter, text and email. You can also call us any time to see how your switch is going. Servicing lines are open between 8am to 9pm Monday to Friday and 8am to 2pm on Saturdays. Sales lines are open between 8am to 7pm Monday to Friday.

How to switch
Simply let us know you want to switch your old bank account when you apply. During your application you'll be asked if you have any other bank accounts. We'll then ask for your old bank account details so we can contact your old bank to get things moving.

Switching your Current Account step by step:

Starting your switch
You choose when your switch starts - this can be up to 60 days in the future. Please provide us with your old account sort code, account number and debit card details.
Switch start date (Day 1)
On your chosen switch start date, we'll ask your old bank for a list of your payments (for example, standing orders and Direct Debits). Please tell us if you would like to receive progress updates by text, email or letter.
Transfer (Days 2 to 6)
We'll set up the payments on your Santander account. We'll tell the companies you pay by Direct Debit to collect future payments from your new account and also anyone paying money into your account to send payments to your new account from now on.
Completion (Day 7)
Your switch is complete. If you have a positive balance, it will be transferred to your Santander account. If you have an overdrawn balance, you'll need to clear it with your old bank. Your old bank or building society account will be closed.
From the day your switch completes, we'll automatically redirect any payments from your old account to your Santander account. We'll do this for a period of three years or longer, in accordance with the Current Account Switch Agreement.
Following your switch
If this is a new current account, you'll have received by now your cards and PINs, as well as your Online and Telephone Banking registration details, if you've requested them.
Any payments switched from your old account will start coming out of your Santander account, so you should make sure you have enough money in your new account to cover them.

Current Account Switch Guarantee
We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take 7 working days and as your new current account provider we offer the following guarantee:

  • The service is free to use and you can choose and agree your switch date with us.

  • We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).

  • If you have money in your old account, we will transfer it to your new account on your switch date.

  • We'll arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.

  • If there are any issues in making the switch, we will contact you before your switch date.

  • If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.

For more information go to
www.currentaccountswitch.co.uk
Switching your Business Current Account Key Facts Document
Switch Agreement Form
Account Closure Instruction

Your money, your way
You choose how you bank with us.

Need a helping hand? Use Send Me the Link to send yourself our mobile apps, videos, guides, & factsheets

Send me the link allows you to send yourself links for our mobile apps, videos, guides, & factsheets which can help you with your Online & Mobile Banking needs. Access Send Me the Link here.

Online Banking
Secure, 24/7 banking. Make payments, view statements and much more. More on Online Banking.

Mobile Banking
Bank from anywhere using our Santander Business Banking app or by using bb.santander.co.uk. Get the app.

Free text and email alerts
You don’t have to wait for your statement to arrive or to log on to find out something has happened on your account anymore. By setting up the alerts you want in Online Banking we can send you a text or email when it happens – such as when your balance goes above or below a certain amount. More on free alerts.

Telephone
Call us on 0800 731 6666. Lines open 8am to 9pm Monday to Friday and 8am to 2pm Saturdays. More on Telephone Banking.

Post Office
As a Santander customer you can pay in, withdraw cash, deposit cheques and more at participating Post Office branches nationwide (services and opening hours for individual Post Office branches within the Post Office network may vary). More on face to face banking.

Cash machines
You can do more than just withdraw cash at our cash machines. For example, pay in the day’s takings in cash or cheques or see your latest transactions and balance.

Your interest
No interest is paid on Treasurer's Current Account credit balances.

Paid-for transactions
All your day-to-day banking is free within the Treasurer's Current Account.

There is a charge for non-standard transactions such as change-giving, CHAPS payments, and foreign currency transactions; a full list of non-standard transactions is available in the Key Facts Document. A daily limit applies to cash machine withdrawals and a transaction limit applies to faster payments. Please see the Key Facts Document on the Terms & conditions tab for full details.

Everything you need to know before you apply

We recommend reading the information in the documents below before you apply. You may like to save or print them so you can refer to them in the future.

To view these documents, you may need to download Adobe Reader.

You can apply for the Treasurer's Current Account if you:

  • are aged 18 or over and live in the UK

  • are a club, society, charity, or other not-for-profit organisation operating in the UK

  • have an annual turnover of up to £250,000. If your turnover is more than £250,000, visit Corporate and Commercial Banking

Apply by phone
Call us on 0800 068 7010. Lines are open from 8am to 7pm Monday to Friday.

Apply in branch: Find your nearest branch

Have you got the right ID?
If you are opening a Santander Treasurer's Current Account, we need to check your personal identity and we may need to check the existence of your organisation. Check you've got the ID you'll need to open the Treasurer's Current Account.

Frequently asked questions

  • Our treasurer’s accounts have been designed specifically for not-for-profit organisations such as clubs, associations/societies and charities, operated in the UK and with annual turnover of up to £250,000.

  • You can nominate up to three signatories on your treasurer's accounts, though the mandate requires only one of these to authorise any transaction.

  • If you opened your Treasurer's Account on or after 28th November 2014 you will need to complete and return the change of details form for treasurer's accounts (pdf). This form will require the signatures of two members of the Board/Committee.

     

    If you opened a different club and society account before 28th November 2014 you'll need to complete the change of details form for clubs and societies (pdf) to change your account details.

     

    When you have completed the form please return it to Santander Business Banking, Bridle Road, Bootle L30 4GB. If you require assistance with your request please call the Business Banking contact centre on 0800 731 6666. Servicing lines are open between 8am to 9pm Monday to Friday and 8am to 2pm on Saturdays. Sales lines are open between 8am to 7pm Monday to Friday.

  • Call us on 0800 731 6666. Servicing lines are open between 8am to 9pm Monday to Friday and 8am to 2pm on Saturdays. Sales lines are open between 8am to 7pm Monday to Friday.

  • Yes - you can service your treasurer's accounts via Online Banking, Mobile Banking, over the phone, at participating Post Office branches and at cash machines in exactly the same way that you currently access your business account.

  • You can use your contactless card on London Buses, the tube, tram, Docklands Light Railway (DLR), London Overground and National Rail services that accept Oyster.

     

    To pay with contactless, simply touch the card reader with your contactless card - when you hear the beep, and/or see a green light, your payment is complete in the same way as for Oyster. Make sure you pay the right fare by touching the reader with the card you want to pay with as you board a bus or tram and at the start of all journeys on the tube, DLR, London Overground and National Rail and again at the end of the journey. Daily and Monday to Sunday capping is applied to journeys made using your contactless card.

     

    Please note: If you pay with a contactless card you will be charged a full adult fare, concessions (such as Student, 60+) will not be applied.

     

    It’s important to use the same contactless payment card for all your journeys. If you touch in on a yellow card reader with one contactless payment card and touch out with a different card, you could be charged two maximum fares for two incomplete journeys. Using different cards to pay for travel also means that you won’t be able to benefit from capping. If you think you have made an incomplete journey you can sign up for an online TfL account to be able to view up to 12 months of journey and payment history or you can call TfL Customer Services on 0343 222 1234.

     

    For help where the incorrect card has been charged, please call TfL Customer Services on 0343 222 1234.

  • You should let us know as soon as possible by calling 0800 731 6666 for debit cards or 0800 218 2345 for credit cards. If your card is lost or stolen, you’re protected against fraud provided you let us know as soon as you realise your card is lost or stolen and you have taken the proper precautions to keep your card and security details safe, as outlined in our terms and conditions.

     

    Lines are open 24 hours a day, 7 days a week.

  • Yes, you can use your contactless card abroad just as you can in the UK. Contactless transactions will be accepted whenever the Contactless Indicator is displayed . The contactless transaction limit may vary depending on local limits.

  • No, you can use your contactless card as many times as you’d like each day, but each transaction must be £30 or less. Every so often we may ask you to enter your PIN as a security measure to verify that you, the authorised cardholder, are still in possession of the card.

EAR explained
EAR stands for Effective Annual Rate and represents the yearly cost of an overdraft, which takes account of how often we charge interest to the account, and does not include any other fees or charges.
 
Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions.

Subject to availability and may be withdrawn without notice at any time.

Information correct as at 3 November 2014.

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