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Our School operates a School Fund which operates in the same way as a regular bank account. Can we use this as our banking account rather than opening up an account with a high street bank?

April 26, 2017account bank account Banking fund high opening operates regular School

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Our School operates a School Fund which operates in the same way as a regular bank account. Can we use this as our banking account rather than opening up an account with a high street bank?

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A. No problem in doing this, although the students will have missed the opportunity to deal with the outside world of work when setting up the bank account. Still, if you and the students are happy with using the School Fund, then go for it.