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Charity sector welcomes delay to banking charges

Isle of Man Bank suspends introduction of fees for a second time

The charity sector needs to look at the way it manages its finances to avoid bank charges.

That's the belief of the vice-chair of the Isle of Man Council of Voluntary Organisations, David Gawne.

Isle of Man Bank recently suspended plans to introduce charges for not-for-profit organisations for a second time, something some charities feared would force them out of business.

Mr Gawne is grateful the sector has been given more time to prepare:

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