Unity Trust Bank

Unity Trust 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.

Unity Trust Bank offers

• access to education specialists and Deposit Relationship Managers who will support for the Academy’s banking facilities
• ethical banking options, so customers can deliver social, economic and environmental impact in their communities while also meeting their commercial needs
• a business current account and a range of savings accounts, including fixed rate deposit accounts ranging from 30 days to 12 months, and 32-day and 95-day notice accounts
• single, dual and triple authorisation of payments available when you use online banking
• access to the Corporate Purchasing Card, which allows customers to monitor cardholder spend and set transactional limits
• the option to pay in cash and cheques at NatWest branches or cash only at Post Office branches (cheques can be mailed to a freepost address with a paying in slip)

Unity is an active member of the Global Alliance for Banking on Values and a signatory of the Fossil Fuel Non-Proliferation Treaty.

Switching to Unity Trust Bank

Unity is part of the Current Account Switch Service, which moves everything across from the customer’s old account within 7 working days. New customers can choose a full switch or partial switch, subject to criteria.

Unity Bank helps trusts and schools through the onboarding process by:

• sourcing publicly available information to verify applicants’ identities and save customers’ time
• offering a meeting to identify which products are most suitable for the school or trust

The bank aims to onboard new customers within 14 days of receiving the application.

Visit Unity Trust Bank’s website