Reliance Bank Limited

Reliance Bank responded to a Request for Information from the Department for Education and provided the information on this page. Details may be subject to change.

The information provided is aimed at multi-academy trusts. Some local authority maintained schools may also benefit.

Reliance Bank offers

• a current account with the option of deposit accounts including instant access, 35 and 90 day notice accounts and fixed term deposits
• a Relationship Manager to help with onboarding and ongoing banking needs
• positive social impact, with deposits used to fund community projects across the UK
• use of their auto sweep facility from and to accounts to maximise returns
• the option to pay in cash and cheques at NatWest and RBS branches or cash only at Post Office branches

Switching to Reliance Bank

The bank’s Business Application Team supports schools during the onboarding process by

• sourcing publicly available information to verify applicants’ identities and save customers’ time
• transferring all direct debits, standing orders, payroll and other payments

The bank aims to open the account between 10 and 20 working days after receiving the necessary information.

For more information, email businessaccounts@reliancebankltd.com

Visit Reliance Bank’s website