Organisation Accounts - Eastern Savings and Loans
Organisation Accounts

Many organisations share our ethos and community principles and may wish to support our objectives by investing in our Credit Union. We can also offer some transactional services which may assist your organisation such as the ability to pay bills and for supporters to make deposits to your account.

We offer two types of accounts for organisations:

The credit union Organisation account is the ideal account for organisations or small businesses wanting to hold their funds with an ethical and like-minded business whilst making a limited number of/or infrequent transactions.

Examples might include charitable groups, social enterprises, parish councils or neighbourhood groups.
The credit union corporate deposit account enables the larger organisation to support your local community by putting your funds on deposit with a financial co-operative that shares your values.

The account is designed for large organisations keen to see a social return on their shareholding as well as the potential for a dividend payment. Examples would include local councils or housing associations.

Please contact the credit union on 03336 00060 to discuss the opening of a Corporate Deposit Account.

Account Features

Organisation Corporate
Joining the credit union as a profit-sharing member£5.00FREE
Account Maintenance fee per 4-weeks£1.00FREE
Maximum shareholding of £15,000 at any one timeYESYES
Traditional Branch ServiceYESYES
Initiate transactions by phone or emailYESYES
Online account accessYESYES
Profit sharing accounts – if we make a profit we share it with our members as an annual dividendYESYES
Overdraft facilityNONO
Monthly StatementsON REQUESTNO
Cash Deposit
Max number of cash deposits at our office or by PayPoint card in local shopsunlimitedN/A
1st PayPoint card issueFREEN/A
Additional PayPoint card issueN/AN/A
Cheque Deposit
Deposit cheques by post to our office. Ideal if you mainly use cash and handle cheques, with no charges for depositing cheques. Maximum number of depositsONEN/A
Bounced cheque fee£12.00£12.00
Withdrawals
Cheque withdrawalsN/AN/A
Faster Payment Transfers
Maximum number of incoming bank transfersUnlimitedN/A
Maximum number of outgoing bank transfers (outgoing same day by Faster Payments)Unlimited2 PER YEAR
Receive international bank transfers into the accountN/AN/A
Send an international bank transferN/AN/A
Card Services
Debit and Credit Cards N/AN/A
Overdraft FacilityN/AN/A

Organisation Account Opening is currently closed.

Terms and Conditions for Organisation Accounts can be found here.

Follow us!

Follow us on Facebook, Twitter and Instagram to stay up to date with the latest from us!

Members of ABCUL

Members of ABCUL

Your money is protected up to £85,000

Your money is protected up to £85,000

Authorised and Regulated by the Prudential Regulation Authority

Authorised and Regulated by the Prudential Regulation Authority

Members of ABCUL

Your money is protected up to £85,000

Authorised and Regulated by the Prudential Regulation Authority