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Multi Academy Trusts and Academies

We look after the banking needs for more than half of all academies. Our experience of the education sector's banking requirements means we are able to offer a comprehensive banking service based on the things that we know are important to you.

Whichever route you've chosen for your school, from Multi Academy Trust, or stand alone academy or free school, your banking is in experienced hands. We're the approved banking partner for the National Association of School Business Management, because we understand the challenges you face and the solutions you need.

How we can help

  • A Local Business Manager will be on hand to help you open your account.
  • Free daily banking* to make the most of your resources.
  • A preferential rate of interest, paid monthly, on school current accounts.
  • High interest deposit accounts for surplus funds.
  • An Internet Banking service with options for multi-party authorisation.
  • Cash collection can be arranged for you by our authorised security company (cost depends on your individual school's requirements).
  • A deferred checking service helping to avoid delays at branch counters.

We're in the midst of the largest shake up of our education system in more than a generation, so it's never been more important for those in the education sector to have the right support and guidance. Our national team of Education relationship managers look after more than half of all academies.

Working alongside the Institute of School Business Leadership (ISBL), we are the first bank to develop an accreditation programme to make sure our education relationship managers have the best training in the sector.

This has allowed us to develop a great depth of knowledge and understanding of schools, their challenges and their financial needs.

School Bank Account

Our School Bank Account has been developed for state-funded schools, academies and those schools on their way to becoming academies.

Flexible bespoke deposit account

We can help you make the most of your cashflow by setting up flexible bespoke deposits. We offer:

  • flexible terms to suit your cashflow
  • fixed rate deposits from overnight to three years
  • interest paid on your School Bank Account.

Helping you switch your account

Moving your account to us is much easier than you would expect. We understand how daunting changing banks can be. Even if you are unhappy with your current bank, you may not want the added hassle of switching. That's why we'll give you a team dedicated to managing your changeover, leaving you free to concentrate on your business. We offer:

  • a dedicated transfer unit to help you move your account to us
  • a simplified mandate completion procedure, ensuring hassle-free changeover
  • your new account number usually within 48 hours
  • no requirement for state-funded school signatories to provide identification.

If you want to open a school account, contact your local education relationship manager to make an appointment.

For more information, download our School Bank Account brochureDownload the School Bank Account brochure. Opens in a new browser window. (PDF: 1.53 MB) .

Our Internet Banking is safe and easy-to-use. You can:

  • view statements and manage payments online
  • create and submit BACS, CHAPS, faster payments and international transactions
  • benefit from high level security through unique authentication cards and readers
  • have authorisation protocols tailored to suit your needs, such as multi-person authority.

We've partnered with ParentPay to help you reduce one of the most time consuming tasks for any school's finance department – the handling of cash payments for dinner money, school trips, music lessons and other items.

ParentPay provides an all-in-one, online payment, income management and communication solution for schools, local authorities and caterers.

ParentPay is already helping thousands of schools save time and money by enabling parents to make payments for a range of school items online. And they're offering our customers a discount on the first years standard set-up, training and annual service fees.

Features and benefits

Saves you time
  • ParentPay helps your administration, taking pressure off finance staff.
  • Helps schools reduce parent debt.
  • Provides clear, concise income reporting, letting you redirect resources.
Saves you money
  • ParentPay improves financial reconciliation in schools.
  • Reduces errors and ensures an audit trail is available.
  • Increases staff security by reducing or removing cash held in schools.
Better for children
  • Reduces the social stigmas linked with free school meals.
  • Helps reduce bullying and anti-social behaviour.

Find out more about ParentPayVisit the Parentpay website.

Lex Autolease is an award-winning education fleet specialist that can bring you a simple, efficient way to fund and manage your vehicles, through either contract hire or fleet management.

Contract hire
  • For a fixed monthly rental, Lex Autolease will purchase and manage your chosen vehicles. You can even take advantage of sale and leaseback (subject to vehicle age) to supply your education establishment with a cash injection.
  • Complies with school funding regulations as it's a form of operating lease.
Fleet management
  • Includes contract management of the vehicle, which can cover areas such as maintenance management, Road Fund Licence administration and breakdown assistance provision.
  • Additional services include daily car and van rental, industry leading online facilities and a work-related road safety solution.

Find out more about Lex Autolease’s contract hire and fleet management

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Independent schools

We offer products and services for independent schools, including our dedicated bank account.

Find out moreabout our bank products and services for independent schools.

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Education

Our experience of the education sector means we are able to offer a comprehensive banking service based on the things that are important to you.

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Contact us

Locate and speak with your nearest relationship manager.

Find your local Relationship Manager

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School Bank Account brochure

For more information about our Schools Bank Account download our brochure.

Download the brochurePDF, opens in new browser window.

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How we've helped

Read our education testimonials

Find out moreour education testimonials