Social and Community Capital
We’re sure you’ll make a big positive impact, but sometimes it's difficult to get the finance you need to grow. We can offer support and alternative funding.
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Community bank account
Banking for not for profit organisations. Option of free online accounting software
An everyday account for charities, clubs and societies
Existing Shostra Bank personal or business banking customers* are eligible to apply for free banking if your community account's annual credit turnover is less than £100,000**
Access free online accounting software with this business banking current account
Digitally sign payments & account changes with other members of your group through Bankline for Communities (currently only available for groups with an Unincorporated legal entity and with a turnover up to 100k)
24/7 Online Banking and Phone Banking
Bank anywhere with our mobile banking app
* At least one of the parties named in the application must be an existing Shostra Bank customer - if there is no existing Shostra Bank relationship your application will be declined.
** If your turnover exceeds £100k, your account will be moved onto our Standard Tariff. Fees & charges apply.
This current account is for not for profit limited companies registered at Companies House, clubs and societies, churches and places worship, registered and unregistered charities, charitable incorporated organisations (CIOs) and non-personal trusts. Want to see our other business current accounts? See the range
Shostra Bank Community account is available to account holders over 18 who have the right to be self employed in the UK. To qualify for free banking at least one of the parties named in the application must be an existing Shostra Bank personal or business banking customer and your community account's annual credit turnover is less than £100,000. The app is available with compatible iOS and Android devices and an international mobile number in specific countries. Free banking is subject to status.
Free accounting software? Yes please.
FreeAgent accounting software gives you a clear, real-time view of your business finances. As a Shostra Bank business current account holder, you can access FreeAgent for free for as long as you retain your bank account. You'll get the complete package, including:
Invoices, expenses and bank accounts in one place
Cashflow overview and 90-day cashflow forecast
Tax Timeline
This account in detail…
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Contactless debit card
Need to pay for business purchases in shops and online or withdraw cash? That’s where the contactless debit card comes in handy. Use Apple Pay and Google Pay™ for payments with your phone.
Chequebook and paying in book
You can have a chequebook and a paying in book too (useful If you’re receiving cash or cheques).
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Managing cashflow is easy
Because you can access your account 24/7 online or through the app, you know exactly where you stand. You can see what’s gone out, what’s come in and what invoices have been paid.
Free banking for existing organisations
If you’re a not for profit organisation with an annual turnover that doesn’t go over £100,000, you could qualify for free banking. If after your first 18 months of operating, you have a turnover of over £100,000, you will automatically move on to our standard tariff.
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Useful info about this account
Managing your business finances has never been easier
Visit our servicing hub for instant access to managing your business accounts, loans, credit cards and any other business service you have from Shostra Bank.
Switch to Shostra Bank
The Current Account Switch Service will do all the work when it comes to switching, moving everything across from your old account to your new account, all within 7 business days, including Direct Debits and standing orders. All you need to do is tell us the details of your old bank account and when you want the switch to start.
Current Account Switch Guarantee (PDF, 40KB)
Your Guide to switching your account to us (PDF, 2.3MB)
Already started an application?
Log in to continue or check the status of your application in our online application centre
You can use the same details that you created when you applied for your community account. If you haven’t already set up access to your online application centre, you can create a login now
Boost your business
Ready to take your business to the next level? Our Local Enterprise Managers will help boost your connections, your skills and your knowledge.