Open a Corporate Savings Account
A fees-free Corporate Savings Account with Boom Community Bank lets your organisation put its money to work for good, while keeping funds safe and accessible.
Your deposits support ethical, community-based lending, helping local people avoid high-cost credit, build financial resilience and improve financial wellbeing. It’s a practical way to align your savings with your ESG goals and demonstrate measurable social impact — without compromising security or access.
Why choose BOOM?
Support financial inclusion and ethical local lending
Strengthen ESG and social impact reporting
Instant access to funds with no fees
FSCS protection up to £120,000
As a co-operative, your organisation also becomes a member, holding a share in the bank and potentially receiving a dividend if a surplus is generated. Turn everyday business savings into a force for positive change.
Complete the application form to open your Corporate Savings Account today.
Why Organisations choose Boom Community Bank
All Saints Church in New Haw, Surrey
"In line with the Archbishop of Canterbury’s appeal to churches to engage with issues of credit and debt, All Saints Church, New Haw, is delighted to invest a substantial sum into our local credit union.
By making the money available to Boom Credit Union, we hope to assist those members of our local community who are financially disadvantaged. The church sees this engagement with Boom Credit Union as sharing God's love, and we hope this will bring about tangible benefits to members of our community".
"From the very start, we knew we wanted a local bank to hold the money that backs the Kingston Pound. It made perfect sense to team up with an organisation with shared values and positive community ethic."
St Matthew's Church, Surbiton Rev Helen Hancock,
"At St Matthew's Surbiton, we are delighted to be able to invest part of our PCC funds with Boom Credit Union. We agreed to do this in the knowledge that our money is entirely protected and easily accessible. We see it as part of our Christian witness to steward our resources wisely but also want to use them to help those in need, especially at this time. Boom Credit Union allowed us to meet all these objectives and to love our neighbour in an efficient and ethical way."
Shere Parish Council, Gomshall
"Shere Parish Council is pleased to support Boom Credit Union, given its aims and its focus on the needs of the community."
"We didn’t have a bank account before Boom [Community Bank]. Opening the account was easy, even during the lockdown and with two signatories, it allows us to raise funds for our community projects. It’s easy to keep track of everything online and reassuring to have real people to talk with for any odd queries."
North Sussex and East Surrey Trades Council
"We wanted to have an account with an organisation that was not interested in profits and had an ethical banking approach. Their helpful staff talked us through setting up our account, and the team dealt with any queries in a friendly and efficient manner. We thoroughly recommend Boom [Community Bank] to any business or organisation that needs a business account with an ethical face."
Dementia Tech Charity
"Excellent customer professional service from the team. Cannot fault them. Highly recommend them. Thank you for your support."
Returns on your savings
The social impact of your investment carries greater significance than the potential returns on your savings. While we may distribute dividends, they are not guaranteed. If dividends are disbursed, they will be credited to your account in April for the preceding financial year. Our financial year spans from October to September.
Depositing funds
There are multiple ways that you can deposit funds.
- Deposit a regular amount via standing order.
- Make one-off bank transfers when it suits you.
- Log in to online banking and use a debit card.
- By cheque, made payable to Boom Community Bank, to Office 5, 15 Grafton Road, Worthing, BN11 1QP.
Withdrawing funds
You can request a withdrawal anytime by transferring to an external account using online banking. Register or log into your account here. Alternatively, if you require dual signature control, the signatures you require to authorise a withdrawal will be collected electronically.
Online application
Open a fee-free savings account offering FSCS protection for local businesses, churches, and charitable organisations.
Deposits in Boom Community Bank are protected by the Financial Services Compensation Scheme (FSCS). The £120,000 limit relates to the combined amount in the eligible depositor's accounts. Further information is available at www.fscs.org.uk
Read Protected Savings
Paper application
For your information
Rulebook
Corporate member badge
Find out more
Frequently asked questions
Businesses, charities, churches, social enterprises, and other organisations can open our non-personal corporate savings accounts, designed to keep your funds secure, FSCS-protected, and socially responsible.
To be eligible, your organisation must be located within our common bond area, which includes:
Berkshire
South Oxfordshire District
Kingston upon Thames
Surrey
West Sussex
East Hampshire (covering Basingstoke and Deane, Hart, and Rushmoor Districts)
South Bucks and Wycombe Districts
By choosing Boom Community Bank, your organisation can enjoy safe, ethical corporate savings while supporting a values-driven financial institution focused on community and ESG impact.
Yes. All eligible corporate deposits with Boom Community Bank are protected by the Financial Services Compensation Scheme (FSCS), providing peace of mind for organisations looking for secure, ethical business savings.
For small companies, deposits are protected up to £120,000 per eligible organisation, offering an extra layer of security compared to standard protection limits.
Boom Community Bank combines financial security with social impact, meaning your organisation’s savings are not only protected, but also used to support ethical lending, local communities, and positive ESG outcomes.
Please note that this is our interpretation only. You can find the current definitions on the FSCS website.
No, you do not need a personal account to open a corporate or business savings account with Boom Community Bank.
To be eligible, your organisation must be located within our common bond area, which includes:
Berkshire
South Oxfordshire District
Kingston upon Thames
Surrey
West Sussex
East Hampshire (covering Basingstoke and Deane, Hart, and Rushmoor Districts)
South Bucks and Wycombe Districts
Opening a corporate savings account with us means your organisation can enjoy FSCS-protected, ethical business savings while supporting a values-driven, community-focused bank committed to ESG and social impact.
The documents we require will depend on the type of organisation.
All organisations:
- Identification and address proof documents of individual signatories.
Limited companies, including partnerships or registered charities limited by guarantee or shares, including Credit Unions and Co-Operatives registered as Industrial and Provident Societies:
- A copy of the company’s Certificate of Incorporation and the Memorandum and Articles of Association.
If an Industrial & Provident Society:
- A copy of the registration certificates and rules.
- If a registered charity, a copy of the registration documents with a copy of the Memorandum and Articles of Association.
Trusts:
- A copy of the Trust Deed.
Unincorporated bodies, unincorporated charities, societies, clubs, and community groups:
- A copy of the Constitution.
You have several options to deposit money into the account, including:
Online Banking: Log in to online banking via our website and make a deposit using your debit card.
Telephone: You can deposit funds over the telephone by providing your debit card information.
Cheque: We accept cheques for deposits. Please make it payable to Boom Community Bank, and remember to write your membership number on the back. Please post your cheques to:
Boom Community Bank
15 Grafton Road, Worthing. West Sussex. BN11 1QP.
BACS Transfer: You can transfer money into your account via BACS (Bankers' Automated Clearing Services).
Additionally, to save a regular amount of money, you can set up a standing order for automated, recurring deposits.
Ensure each deposit is referenced correctly using your membership number followed by your first initial and surname. Add S1, S2, S3, or S4 to specify the savings sub-account for fund allocation. For instance, 1234AMEMBERS1.
Please make sure to reference each deposit with the corresponding deposit reference number accurately. If you are unsure, please contact us.
On joining Boom Community Bank, your organisation will be given a membership number. The membership number can be in the initial welcome letter or email, or an account statement. If you need a reminder, click the link below.
Please use the following bank details for transferring funds into your savings account. Always remember to include your deposit reference number.
Name of bank: The Co-operative Bank
Account Holder: WSSCU LTD CAPITAL
Sort Code: 08-92-99
Account Number: 65313363
We will allocate your deposit to your savings account the following day after receiving your funds. Our operating days are Monday to Friday (excluding bank holidays).
Dividends are calculated daily and linked to each £1 of savings held in your account, specifically to dividend-bearing shares, on that particular day. To be eligible for a dividend payment, you must be a member during the Annual General Meeting, and your account should maintain a minimum balance of £5. Dividend payments are not guaranteed. In the event that dividends are disbursed, they will be credited to your account in April for the preceding financial year. Our financial year spans from October to September.
Dividend percentage history: Below is a summary of the dividend percentages per share over the past three years:
- 2020: 0.00%
- 2021: 0.30%
- 2022: 0.40%
