Hi - I've taken over the treasury duties for a local non-profit sports club. The current account they have at the moment pays no interest, but equally they don't pay any bank charges. I was wondering whether anyone had recommendations on a "better" way of doing the banking - e.g. an account that paid interest with low or no charges? As I said it's a non profit club, run by volunteers, but it doesn't have charitable status. A fair amount of money - several thousand - will build up for periods before being paid back out for sports hall rental, equipment, insurance, governing body fees etc. etc. Probably 100 cheques/cash deposits made per quarter, along with 10 cheques written, some bank transfers etc. Nothing too high volume. Something that offered internet access to the account would be good. A debit card would be ideal but not essential as we've always got by without one up to now - committee members will buy stuff where cheques aren't accepted and then get re-imbursed. Neil
- posted
15 years ago