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Bank Account for Small Theatre

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LooseCannon101
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Bank Account for Small Theatre

#364193

Postby LooseCannon101 » December 8th, 2020, 7:03 pm

I am a volunteer at a small theatre which is set up as a charity.

Does the theatre's bank account (greater than £100k) have the same protection as that of a private individual where up to £85k is protected? If not, what would be the best option? At present, we have two accounts with separate banks.

Would banking with a too-big-to-fail bank be safer than a small bank?

chas49
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Re: Bank Account for Small Theatre

#364258

Postby chas49 » December 8th, 2020, 10:49 pm

Moderator Message:
Can replies be posted on the cross-post at https://lemonfool.co.uk/viewtopic.php?f ... 68#p364190 please (chas49)


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