CAF Bank launches MasterCard debit card for charities
Howard Lake | 14 April 2011 | News
Charities with CAF Cash accounts can now pay for goods and services using CAF Bank’ s new MasterCard® debit card for charities. The card will enable cardholders to pay for goods and services from their CAF Cash Account in person, over the telephone, and online, in the UK and overseas. Cash can be drawn at ATMs bearing the MasterCard acceptance mark.
Launched by CAF Bank, the not-for-profit bank owned by the Charities Aid Foundation (CAF), the card is free for all CAF Cash Account holders and all standard transactions are free. The debit card is linked to the CAF Cash current account. Existing CAF Cash customers can apply for the debit card at any point, and it is available to new customers.
Peter Mitchell, CAF Bank Chief Executive, said that the bank had introduced the card after customers had said that they wanted greater flexibility in their banking. “Our debit card”, he said, “will help provide this and allow them easier access to their money and an even more complete banking service from a charity banking specialist. The card will also help charities to overcome the imposed changes that the anticipated closure of the cheque clearing system will bring in 2018.”
www.cafonline.org/debitcard
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.