# Coutts & Co launches charitable giving bank account

- Link: https://fundraising.co.uk/2009/11/03/coutts-amp-co-launches-charitable-giving-bank-account/
- Published: 2009-11-03T10:39:20+00:00
- Author: Howard Lake

![](https://www.fundraising.co.uk/files/images/news/coutts_chequebook.jpg)

Coutts & Co, the UK private banking arm of the Royal Bank of Scotland, has introduced
the “Coutts Charitable Giving Account”, a bank account for making and managing donations
to charity.

The service is run in the same way as a Coutts bank account, and has been designed
to make it easier for clients to track their donations in monthly statements. This
should help make the process of claiming back tax relief easier to manage.

In addition to receiving a Coutts Charitable Giving Account cheque book and cash
card, clients will be able to make their charitable donations by telephone through
Coutts’ 24 hour call centre service and online.

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Mark Evans, Head of Philanthropy at Coutts, said: Now, instead of trawling their
bank and credit card statements at the end of each tax year, Coutts clients will
be able to see how much they have given at a glance creating a bigger incentive 
to reclaim the difference between the higher and basic rates of tax. And what,s 
more there are no administration fees.”

Martin Brookes, Chief Executive, New Philanthropy Capital welcomed “this kind of
product innovation in order to promote and support charitable giving”.

Dame Stephanie Shirley, the Government’s Ambassador for Philanthropy also welcomed
the launch, saying: “Philanthropists need to be strategic when they plot out how
they wish to invest in social activities. Having an account, such as Coutts now 
offers, will enable a level of organisation for individuals that will streamline
their giving and therefore make their contributions more effective”.

The Charitable Giving Account requires a minimum deposit of £500 and is open only
to Coutts clients who are UK taxpayers. The bank points out that clients are responsible
for verifying the status of any beneficiary or intended beneficiary.

Coutts has offered philanthropy advice and services to its clients for some time,
and provides donors and philanthropists with networking and educational opportunities
through the Coutts Forums for Philanthropy.

www.coutts.com

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