For anyone who uses CAFBank (Charities Aid Foundation's banking service): from mid-October, they intend to introduce a £5 per month fee on their CafCash (current) accounts -- presumably on top of the usual sort of charges for unauthorised overdrafts, bounced cheques etc. Also, the interest on their CafGold (deposit) account) is being reduced to a derisory 0.05%.
To Treasurers of medium-sized choral societies with no particular accounts complications who deal with other banks: what charges (if any) do you currently incur? Have any of you had any particular problems in setting up (or transferring to) any of the mainstream banks? Or is CAFBank's move simply an early case of the long-predicted abolition of free banking for private individuals and voluntary groups who rtemain in credit?
Wantage Choral Society