CharityTalks: Banking Safe - Ensuring the safety and security of your charity finances, with charity finance specialist Stuart Davis

Charities often have problems dealing with banks. There are day-to-day issues in how to get income, how to make payments, and how to keep accounts secure. But more than this, charities can struggle to open bank accounts in the first place, and sometimes the bank can even freeze or close charity accounts. This is because banks, and the regulations they have to follow, are not set up for charities. This can make a charity’s activities appear to be high risk to the bank If a charity works internationally, this can make the problem worse. Plus, a charity can face foreign exchange costs and issues with getting international payments to where they are needed For this session, we’ll explore why the worlds of charities and banking often clash, and how best you can protect your charity when they do.