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Corporate Accounts FAQs

Corporate accounts guidance


Who can apply for a corporate account?

Local organisations, community groups and associations can apply for a corporate account at Castle & Crystal. Please note you will need to operate in the Dudley borough and/or the County of Worcestershire to join us.

How do I apply and what will I need in order to open a corporate account?

You will need to fill in our corporate account application form, as well as providing two forms of ID for the trustees (you will need two signatories on your account). Forms of ID include a driving license/passport and a recent utility bill/letter. You will also need a copy of the minutes from your last meeting confirming you wish to open an account with Castle & Crystal Credit Union signed by all attendees.

Will I be given a cheque book and a debit card when opening my account?

We do not issue cheque books with our corporate or personal member accounts; we also do not provide debit cards. However, you can purchase a pre-paid card from us on opening your account. Please ask a member of staff for more information.

How do I transfer money into my account?

You can deposit cash and cheques into your account at the counter when quoting your membership number. You can also make a BACS payment into your Castle & Crystal account as we will provide you with our bank details on opening your account.

How do I take money out of my account?

The best way to withdraw money from your account is via BACS transfer, if you need to do so you can fill a share withdrawal form in our office or we can send you the form via email or post. As mentioned above we also provide pre-paid cards which allow you to load your card with the funds from your account.

Do you offer business loans?

As a credit union we do not offer loans to corporate accounts.

What is the maximum and minimum amount I can deposit into my account?

Deposits can be made up to maximum of £21,792 and a minimum of £1. It is an instant access account; please note this is not a current account.

Will I receive interest on the money that is in my account?

A dividend will be paid in return for a corporate deposit, which is agreed at our AGM and is based upon the annual performance of the credit union.


Learn more about Corporate Accounts

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About Us

Castle & Crystal Credit Union is a not-for-profit financial co-operative.

We provide affordable loans & secure savings for the residents and workers of Dudley Borough & Worcestershire.

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Contact Us

25 New Street, Dudley
West Midlands, DY1 1LT
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01384 815771
Contact
Mo,Tu,We,Th 9:30 am – 4:30 pm; Fr 9:30 am – 4:00 pm

Copyright © 2021 · Castle & Crystal Credit Union Limited

Castle and Crystal is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm reference number 213711.