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
• deposit accounts, including instant access, 35- and 90-day notice, and fixed term options
• a named relationship manager for onboarding and ongoing banking support
• funding for UK community projects from customer deposits
• automatic transfers between accounts to manage balances
• the ability to pay in cash and cheques at NatWest and RBS branches, and cash at Post Office branches

Reliance Bank is a UK bank owned 100% by the Salvation Army. It directs its lending to organisations delivering positive social outcomes.

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