Bank account for Club

bawn79

Hi all

We have an account for our historical society with Permanent TSB. Unfortunately they closed their cash desk in our nearest town and as we have a "club" account we aren't eligible for a debit card to allow us to deposit cash via the cash machine. Our only option is to deposit in a branch 30kms away. We get a good bit of our yearly membership in cash.

Does anyone have any suggestions for a workaround? We could deposit cash into a personal account and transfer over but that is far from ideal from an accounting point of view.

If we change accounts we would require a cheque book. I've been to the local credit union but they don't have a cheque book with their accounts and the joining information required is pretty onerous. Bank of Ireland do an account with a card and cheque book but the fees are high enough for a small club like us.

Anyone any suggestions?

Citrus_8

Forget cash or cheque, it's 2022, time to adapt. Get a business Revolut account, many people can then easily transfer this way. Those few who don't use Revolut, can make a bank transfer to your PTSB.

bawn79

https://www.boards.ie/discussion/comment/118607181#Comment_118607181

Thanks for your comment. Unfortunately it doesn't address our present needs. As you may imagine the age profile of a historical society makes it difficult to tell them all to just use Revolut and this will still leave us with Cash or else people who won't become members / pay their subscriptions.

AnRothar

Open a current account with your local credit union might be an ootion.

Citrus_8

https://www.boards.ie/discussion/comment/118607283#Comment_118607283

Hm, yes, that's understandable then. As above, some credit unions do current accounts. Check out for participating credit unions:

https://currentaccount.ie/

https://mycu.ie/

Also, An Post offer current accounts

https://www.anpost.com/Money/Current-Account

garrettod

Bank fees are a way of life now - and if your members are going to insist on paying in cash, they they are causing the fees to increase. Its that simple...

I act as Treasurer for a club, and we have our account with BoI. They aren't cheap, and their online banking is almost painful, on occasion.

We are considering moving to AIB, as we don't rate PTSB.

Revolut may become an option, but right now, their bank isn't trading in Ireland, so you can't have an account with Revolut Bank, in Ireland. Furthermore, they don't really provide for clubs and societies, although they may, in the future.

Another consideration is to get a card machine, that can take debit or credit card payments. Just about everyone has a card. The convenience is super, and you can collect subs almost instantly (face to face, at meetings, for example), although charges could be an issue. SumUp look very convenient, but the aren't the cheapest.

Ultimately, this is down to members needing to either change their ways, or pay an additional cost. That's not going to change, so I respectfully suggest that you get your members to face the reality, and decide if they want to pay a bit more to cover higher bank fees, or change their ways.