Guernsey charities express "serious concern" over new bankin

Guernsey charities express "serious concern" over new banking fees | Channel


Sunday April 18, 2021, 7:23 PM
NatWest International says the charges to "non-personal" customers allows it to invest in its digital services. Credit: ITV Channel TV
Guernsey charities have expressed "serious concern" over the introduction of banking fees by NatWest International.
From Saturday 29 May, non-personal accounts will be charged £10 per month to operate current accounts and £2.50 for each non-automated transaction.
The Association of Guernsey Charities (AGC) estimates that at least 120 of its members will be affected, and says a large number have contacted them to express serious concern.
The AGC says the extra charges could take up to £20,000 a year from charities "at a time when most have been severely constrained from raising funds".

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