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New bank charges hit third sector's 'social investment'

Treasury investigating free banking services for NFP organisations

It's feared new charges introduced by IOM Bank on charity accounts will hit those who benefit from the third sector's work.

That concern comes from the vice chair of the Council of Voluntary Organisations David Gawne.

Treasury is investigating how to develop free banking services for not-for-profit organisations.

Mr Gawne says charity funds go further when spent in the community:

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