Ally’s Post

For years I've been frustrated by banks placing unnecessary bureaucracy on charity bank accounts, and bank staff asking charity staff to fill in forms that while relevant for companies, are not for charities. Have you faced the same issues? This is welcome news. Well done Scottish Charity Regulator (OSCR) on tackling these issues. #CharityBanking #CharityCEO #CharityLeadership

#CharityBanking #Banking #survey - closes next week on 15 May - share your experiences on a hot topic for the #CharitySector 👇

Like many fundraisers and charity trustees, access to local banking facilities has become ever harder as more local bank branches close. Three banks closed their branches here in Chiswick, west London, in the past 6 months. Paying in cash, raised through tickets sold for events, traditional cash based community fundraising activities such as flag days and fetes, is no longer a straightforward process. Online banking works for most, but not all, fundraising activities, and we recognise that charity supporters may prefer to use cash too. On the other hand, accessing the charity’s bank account to make payments can be restricted by the banks’ own processes. So fellow fundraisers and trustees: I would urge you to register your views in the Charity Finance Directors Group survey on this important topic. #fundraising #charityincome

As you look at charitable giving in 2024, make sure you always give to a reputable organization and never send money, provide personal information, or share your credit card or bank account with someone you don’t know or trust. For more tips, click here: https://lnkd.in/gBaTuC5q 🏦 Member FDIC #EagleBank #BankLocal #PersonalFinance #localbanking #bank #banking #communitybanking #fdic #memberfdic

Make your purchases count💚 Turn your spare change into BIG change for the cause you care about. Start rounding up with West Shore Bank today! Support your first charity through digital banking 👉 https://ow.ly/FJcr50QH7Pb #BankingWithPurpose #CommunityImpact #EverydayImpact

BEST OF TALKING MONEY: BIG CHANGES TO THE REQUIRED MINIMUM DISTRIBUTION Senior VP of Southern First, Rob Reeves, joins Mike to discuss the outlook for the economy and how it will affect interest rates. Plus, Mike reviews some of the key provisions of the recently passed SECURE Act 2.0, including the changes for Required Minimum Distributions and the new Charitable IRA Rollover. Listen here: https://lnkd.in/gUTVVmiS #RequiredMinimumDistribution

❗️ Call to Action❗️Bankers, please make a call to oppose HB 611, which permits credit unions to accept public deposits. HB 611 will be heard in the House State Administration & Technology Appropriations Subcommittee TOMORROW (Tues, February 13) at 11:30 AM ET. Check your inbox for an email from FBA’s EVP of Government Affairs Anthony DiMarco listing the members of the subcommittee. 📞 Most importantly, please tell your representative: • You are OPPOSED to HB 611; • Florida TaxWatch recently released a study showing the unfair competitive tax advantage that credit unions have over your bank; • Your bank is able to pay taxes AND give to charitable causes in your community; • You will be happy to compete with credit unions when they pay the same taxes as your bank; • Because of the credit unions’ unfair tax advantage, your bank will lose deposits and hurt your ability to lend to small businesses and consumers in your county. Kathy Kraninger, Pamela Ricco, Lesley Jordan, Kenneth Pratt, Gina Rotunno, MPA, Cheryl Knight Tucker, Jose Cueto, Derek Jones, Keith Costello CFA #calltoaction #publicdeposits #bankingindustry #session2024

Looking to streamline your nonprofit’s operations and save money? Learn how First Independent Bank can help you safeguard your donations, grow your account balances and protect against fraud with our tailored financial solutions. More Insights here: https://bit.ly/3VCYCH3 #CommercialBanking #Nonprofits #BankingInsights

The most interesting thing in tech: the trial of Sam Bankman-Fried continues. The big questions so far: did he know of the fraud taking place? The evidence so far strongly suggests yes. Then, yesterday: where exactly did the money swiped from customers go? We now have a much clearer sense of the amounts that were just lost in bad trades, given to charities, invested, and put into real estate. And then last: will he be found guilty? We'll know more about the last one in due course. #ftx #sbf #mostinterestingthingintech