You are in

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 Visa debit card. 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 or Android 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 anytime to see how your switch is going on 0800 731 6666, 8am to 9pm Monday-Friday and 8am to 2pm Saturday.

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:

Day 1: Welcome Day 3: Update Day 7: Completion
 What we'll do What we'll do What we'll do

Contact you to let you know that your switch has started

Ask your old bank for a list of all your Direct Debits, standing orders and bill payments 

Send you this list and set up all your standing orders and bill payments on your new account

Ask the Direct Debit companies to collect future payments from your new account 

Contact you to let you know that we have switched your account

Help you contact companies that have not updated their records

Contact you if Direct Debits don't appear on your new account and switch these

What you need to do What you need to do What you need to do
Choose a switching date on your application form Check the list of Direct Debits, standing orders and bill payments is correct and let us know if any are incorrect or need to be cancelled  Check your payments have been set up as expected

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.simplerworld.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.

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. Text me 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

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.

You may also be interested in

You may also be interested in

Titulo

Lorem ipsum dolor sit amet, consectetur adipiscing elit ipsum dolor sit amet, consectetur adipiscing elit ipsum dolor sit.

Santander UK plc. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England and Wales. www.santander.co.uk. Telephone 0800 389 7000. Calls may be recorded or monitored. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 106054. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. Santander and the flame logo are registered trademarks.