CAF Bank launches MasterCard debit card

CAF Bank, the not-for-profit bank owned by the Charities Aid Foundation (CAF), today launches the CAF Bank MasterCard debit card for charities.

The CAF Bank debit 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.

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 and available now to new customers.  Existing CAF Cash customers can to apply for the debit card at any point.

Commenting on the launch, Peter Mitchell, CAF Bank Chief Executive said, "Following feedback from our customers, we wanted to be able to offer charities increased flexibility in their banking."

"Our debit card 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."