How NGOs should choose their banks

A bank teller conducts business in Vientiane, Laos. What should NGOs and charities consider when choosing who to bank with? Photo by: Stanislas Fradelizi / World Bank / CC BY-NC-ND

With many charities and nongovernmental organizations in the United Kingdom expressing concern that the Conservative Party’s May 7 general election win will see grants and state aid recede, there is arguably more pressure than ever for the sector to get proactive about its finances.

Choosing the right bank, negotiating with bank managers, and shopping around for the best rates and services are all important steps in this direction.

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About the author

  • Helen castell profile

    Helen Castell

    Helen Castell is a London-based financial journalist with nearly 20 years’ experience covering trade, energy and risk for TXF, Shares Magazine, Global Trade Review, Newsbase, Trade Finance Magazine and other Euromoney publications. At Devex, she writes about development banking, private sector engagement and funding trends. She studied English Literature at Sheffield University and International Journalism at London’s City University, and speaks English, Spanish and Japanese.