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CAF Bank: Current Account reviews

Name: Current Account
Rating: 3.11 (47 reviews)

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3.23

Based on 47 reviews, last reviewed 20th Jun 2024

No new 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

47%

2 star

45%

Latest highest rating:

5

CAF Bank a pleasure to work with! A collaborative bank that has its clients interests at the centre of all they do; they have been hugely supportive of our small business Reviewed on: 20th February 2024

Latest lowest rating:

1

Read CAF's recent reviews on TrustPilot Poor product (stuck in the dark ages - especially digital), expensive and dreadful customer services. I am in the process of researching alternatives ... Read more Reviewed on: 20th June 2024

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About this product

CAF Bank is a subsidiary of the Charities Aid Foundation, providing banking services for charities and the not-for-profit sector. Its Current Account pays interest on your daily credit balances and has online banking services. Account holders are provided with a business card with the conveniences of a usual debit card.

Finding the right bank account to handle your charity’s finances is important. Reading genuine customer reviews is one of the best ways to gain valuable insight into an account and provider. We collect CAF Bank Current Account reviews to help make your decision easier.

CAF Bank claims to provide banking services for not-for-profits at the lowest cost possible. Find out if customers agree with this claim by reading our reviews. Learn how satisfied account holders have been with the account and the service they’ve received from CAF Bank. Find out more about the online banking service and how useful it is for charities. Read about the payment processes to decide if the account is right for your needs. Make an informed decision when opening a new account by reading our CAF Bank Current Account reviews.

If you have a current account with CAF Bank, share your experience with others by writing a review. Why did you choose CAF Bank and how satisfied have you been with the account? What are the main pros and cons you’ve experienced? Have you ever encountered any issues with the account, and if so, how well did the provider resolve them? Have you been satisfied with the fees associated with the account? Would you recommend the account to other charities? Whether good or bad, write a CAF Bank Current Account review today. Together, we can help people like you make better financial decisions.

CAF Bank Current Account reviews (47)

Review of the CAF Bank, Current Account:

A pleasure

A pleasure to work alongside and very supportive Reviewed on: 12th January 2024

Avone business

Recomand cu încredere la toți prietenii Reviewed on: 3rd April 2023

Excellence customer service by Yejide , phone was answered very quickly within 5 minutes & professional & knowledgeable member of staff - Thank You!

Excellence customer service by Yejide , phone was answered very quickly within 5 minutes & professional & knowledgeable member of staff - Thank You Reviewed on: 30th March 2023

irina

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Petronela Narcisa Barbarosie

Very very good dis acount metro bank Reviewed on: 10th March 2023

Gave our charity a chance

CAF worked with us by providing essential bank facilities while other banks very 'closed with covid'. Key partner. Reviewed on: 5th February 2023

Banking

This is by far the best bank for Charities. Reviewed on: 1st February 2023

Service

Our charity moved from HSBC to CAF Bank in February 2022. Our previous bank experience was long waits for telephone enquiries and staff who did not really understand our needs. CAF Bank was a real contrast. Phone calls answered promptly and always by staff who were knowledgeable and helpful. Reviewed on: 31st January 2023

Flexible Banking

We moved to CAF Bank at beginning of 2022 as two of our staff had used them in other organisations. The process was slow to start but has been good since then. We also took the opportunity to set up a Flagstone Account to move money into deposit accounts so that our liabilities were spread. Reviewed on: 31st January 2023

Expensive, difficult to access, slow to respond

It now costs £8 a month to run a CAF account. For this, you get almost nothing: no high-street branches, no debit card, just a phone line. As a result of this high cost, our PTA is trying to close ours, and finding that even that is almost impossibly difficult -- though our signatories have officially changed, CAF are insisting that we go back to our original mandate (of about 7 years ago) to get the original signatories to the mandate to sign off. Only they took 2 months even to tell us that our application to close the account (which has to be made in writing of course) had failed. Meanwhile, they continue to claw in the cash. Just disgraceful. Reviewed on: 20th January 2023

Reply from CAF Bank Dear Sir / Madam CAF Bank would like the opportunity to support you with the challenges that you are experiencing. Please speak to our Customer Services team who can help; 03000 123 456 or alternatively you can email, [email protected]. Best wishes, CAF Bank team Response date: 30th January 2023

Efficient with good service

Charity has been banking with CAF for a decade or more. Internet banking works well with dual authorisation. Managed transfer to CIO quickly and sensibly whereas Lloyds were unbelievably difficult and trying to open an account with Barclays was an eye opener into how big banks see charities - a requirement for trustees to meet them in person; a full financial check on all 12 trustees required etc. We said no. At least HSBC said no to our turnover of £25k without going further. So CAF is a good choice for a small charity that wants the basics. Yes its £8 per month but I cant remember having a problem and consider the comparable cost of an accounts package to do gift aid and making tax digital to HMRC. Reviewed on: 28th April 2022

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