The bank dedicated to supporting charities and social purpose enterprises. So we understand what you need.
The CAF Cash Account is dedicated to the everyday banking needs of charities and social purpose enterprises across the UK. Our simple banking frees you up to focus on what matters most: your work to support others.
The current account provides online banking, and the ability to pay in cash to cheques over the counter at the Post Office and HSBC or RBS branches. If you need help, our UK-based customer services team are right here for you.
The CAF Cash
Account is one of very few current accounts that earns you interest.
The account comes with a £5 monthly fee and further charges apply for various transactions. Find out more about our Tariff (previously Tariff of Charges).
You earn 0.20% gross/AER* (variable) interest daily if your account is in credit. We add this interest to your account as a gross amount at the end of each quarter.
*Gross means that interest will be paid without tax deducted. You are responsible for paying any tax due to HMRC. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and compounded quarterly. The interest rate payable could change in the future. See section 20 of our Terms and Conditions for more information.
Online banking with dual authorisation for additional security. Compatible with Open Banking Services.
Withdraw money and make payments wherever you see the Mastercard® logo, with our Business card for charities.
Make and receive payments overseas to support your international activities. Talk to us about this.
Open Banking services can be used with the CAF Cash and CAF Gold accounts. Click here for more information.
Our UK-based customer services team are ready to help from Mon to Fri, 9am to 5pm (except bank holidays).
Our BACS bureau lets you send and receive money anywhere within the UK. You can also collect Direct Debits securely and efficiently.
Deposit over the counter at any Post Office, HSBC branches, or RBS branches depending on the clearing bank you have chosen for your account.
Opening a new account is a big step that needs consideration. We want you to be happy with your choice – so let’s make sure the CAF Cash Account is right for you.
To open a CAF Cash Account:
Your application is subject to status. We assess requests on a case-by-case basis and reserve the right to provide or decline accounts at our discretion. This means we’ll assess your financial circumstances and complete credit checks.
Contact us
We’ve been working with UK Finance, other banks and charitable organisations, to provide some useful guidance on how to choose a structure and compare bank accounts. Before you apply, you might like to review the Voluntary Organisation Banking Guide.
CAF Cash features and benefits
CAF Bank Tariff (previously Tariff of Charges).
General Terms and Conditions - Effective from 6 December 2024.
General Terms and Conditions - Intended to take effect from 10 March 2025.
CAF Cash Account Terms - Effective from 6 December 2024.
CAF Cash Account Terms - Intended to take effect from 10 March 2025.
CAF Gold Account Terms and Summary
Once we’ve processed your application, we’ll then send you your account details, and online banking log-in and Business card if you have chosen them. Your account will be ready to use, and you can start earning interest on the amounts you
deposit.
Talk to us about a CAF Cash Account
Download an application pack
There are lots of convenient ways to manage your CAF Cash Account, download your application now to get started.
Download nowWe support over 14,000 charities and social purpose enterprises with dedicated banking services.
We ranked joint first for overall customer satisfaction in the 2024 Charity Banking Survey.
Our customers entrust us with £1.5 billion in deposits (as at 30 April 2023).
We were named among the greenest UK banks by environmental organisation Bank.Green in 2024.
We were rated first for sector knowledge in the 2024 Charity Banking Survey.
We're committed to helping you keep your money safe, through a range of measures and tools.
Your eligible deposits held by CAF Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
Please
view the FSCS leaflet for further information or visit www.fscs.org.uk.
This product is provided by CAF Bank Ltd.
CAF Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 204451).
CAF Bank Limited Registered office is 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ. Registered in England and Wales under number 1837656.
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