Our Social Enterprise Directplus account is available exclusively to social enterprises registered as CICs with a turnover of up to £1 million, who deposit up to £100,000 in cash and up to 5,000 cheques per annum.
Social Enterprise Directplus gives your social enterprise an ethical way to bank for free, so you won’t have to pay any charges, as long as you operate within the agreed limits. Charges apply for exceeding these limits and for any special services such as, CHAPS payments, stopped cheques etc. Please refer to the tariff for full details.
If your organisation has a turnover of up to £500,000, you can benefit from:
- free banking
- a business debit card*, offering you a convenient way to pay for goods and services
- interest on credit balances of £25,000 or more.
- the freedom to manage your account 24/7, however it suits you; online, over the telephone^ or at your local Post Office®, by arrangement
Organisations with a turnover of between £500,000 and £1 million can enjoy all the above benefits, plus:
- you will be given a named contact who you can speak to when you use our telephone banking service.