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The new site also includes a free account locator tool, to help voluntary sector organizations locate the account that best suits their needs. The launch of the site is the latest step in a effort led by UK Finance to deepen understanding of the pressing issues facing charity bank account customers. UK Finance has collaborated with charities, members and regulators to expand the virtual consultant and improve the way netpaintings accounts are opened and managed. The task began with UK Finance chairing workshops with charity bank account clients, followed by interviews to explore the common challenges of opening an account and understanding the requirements of the regulatory procedures faced across the financial services to which businesses They will have to subscribe. The site provides voluntary sector organizations with tailored recommendations to help them expand their organizational structure, their banking needs and ensure they have everything they need to open and maintain their account. Treasury Economic Secretary Tulip Siddiq said: “The contribution of charities and netpainting teams across the country is invaluable and it is imperative that they can access banking services whenever they want. Banks and charities have come together to create this consultant and I hope it can be a useful resource to help the valuable paints of the voluntary sector. » David Raw, managing director of advertising finance at UK Finance, said: “Charities, volunteers and netpainting teams make a huge contribution to our society. From local sports and recreation clubs to national charities, those organizations form a key component of our social fabric. “The other people running those organizations have a lot to think about, so we want the procedure for opening and managing a bank account to be as transparent and undeniable as possible. That’s why we’re working with industry representatives, as well as regulators and policymakers, to expand this consultancy and help improve the experience of opening and managing bank accounts.
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