Reliance Bank (personal/business accounts to help homeless people)
Reliance Bank Ltd is a different kind of bank. Offering accounts for personal and business use, it shares profits direct with the Salvation Army, a Christian charity that helps thousands of people facing homelessness across the UK.
Thanks to Reliance Bank’s financial support, The Salvation Army can keep its doors open at hostels and life-houses nationwide. Salvation Army also helps people who struggle with trauma, mental health issues and substance abuse, as well as teaching people new skills and writing job CVs.
Just like any other regulated bank, your money is protected for money up to £85,000 or £170,000 (joint accounts) and you can switch in 10 minutes using the Current Account Switch Service. Just open your Reliance Bank account and request the switch in the app (or by phone/online) and the service will securely move your salary, regular payments and direct debits in seven days.
If you’re in debt, you can usually still switch your bank account, while paying off debt at the old bank. So don’t let that stop you switching.
This bank is regulated by the Financial Conduct Authority (FCA) and covered by the Financial Services Compensation Scheme. You get all the protection you’d expect from a high street bank, with the bonus of strong green ethics.
