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The bank dedicated to supporting charities and social purpose enterprises. So we understand what you need.

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CAF BANK

CAF Cash Account

The current account designed for charities

Charity banking that works for you


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.

Account charges

The account comes with a £5 monthly fee and further charges apply for various transactions. Find out more about our tariff of charges.

How interest is paid

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. 

Welcome to banking with purpose

Bank online

Online banking with dual authorisation for additional security.

Get help over the phone

Our UK-based customer services team are ready to help from Mon to Fri, 9am to 5pm (except bank holidays).

Get a CAF Bank Business card

Withdraw money and make payments wherever you see the Mastercard® logo, with our Business card for charities.

Use our BACS service

Our BACS bureau lets you send and receive money anywhere within the UK. You can also collect Direct Debits securely and efficiently.

Send and receive money abroad

Make and receive payments overseas to support your international activities. Talk to us about this.

Pay in cash and cheques

Deposit over the counter at any Post Office, HSBC branches, or RBS branches depending on the clearing bank you have chosen for your account. 

Is the CAF Cash Account right for you?

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:


  • Organisations must be charitable and/or have a social purpose, not operate for the benefit of shareholders.
  • Organisations must be registered with a UK charity regulator, FCA, Companies House, HMRC, or be exempt/excepted from registration.
  • Limited companies must have no disqualified directors, and not subject to insolvency or intention to dissolve.
  • Trusts must be registered with the Trust Registration Service (TRS) or be exempt from registration.
  • Organisations must be based primarily in the UK with a UK business address.
  • Organisations must have a primary contact who is resident and contactable in the UK.
  • All key parties must be aged 18 or over.

Your application is subject to status. This means we’ll assess your financial circumstances and complete credit checks.

 

Contact us

Voluntary Organisation Banking Guide


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.

 

Read these before you apply


CAF Cash features and benefits

CAF Bank Tariff of Charges

General Terms and Conditions - Effective from 13 February 2024.

General Terms and Conditions - Effective from 6 December 2024.

CAF Cash Account Terms - Effective from 28 June 2021.

CAF Cash Account Terms - Effective from 6 December 2024.

 

What happens after you apply


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

Download an application pack

There are lots of convenient ways to manage your CAF Cash Account, download your application now to get started. 

Download now

Why choose CAF Bank

14,000 customers

We support over 14,000 charities and social purpose enterprises with dedicated banking services.

Highly-rated customer service

We ranked joint first for overall customer satisfaction in the 2024 Charity Banking Survey.

£1.5 billion deposits

Our customers entrust us with £1.5 billion in deposits (as at 30 April 2023).

A green bank

We were named among the greenest UK banks by environmental organisation Bank.Green in 2024.

Sector knowledge

We were rated first for sector knowledge in the 2024 Charity Banking Survey.

Helping you safeguard your funds

We're committed to helping you keep your money safe, through a range of measures and tools.

FSCS Protected

Protecting your money

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.