Reliance Bank

When Booth needed to attract investments to finance mortgages on property vital to the work of the movement, his response was to set up a bank.

[1] Today, the Salvation Army International Trustee Company still retain sole ownership of the bank and each year receive a share of the bank's allowable profits (a total of £12  million over the last 10 years).

In addition to The Salvation Army it is also used by private customers, other churches, charities, and businesses.

[2] In April 2021, Reliance Bank ceased offering Personal Current Accounts to new customers.

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