We often get asked if an individual is able to crowdfund with us and the answer is yes, you can! This is often to raise money for a personal cause or perhaps for the beginning stages of an idea, when a business or charity bank account is not available quite yet. In these cases, you can add a personal bank account to a project to collect funds into.
We always advise that project owners be open and honest about how the money they raise is being handled.
Often, individuals raise funds for charities through Crowdfunder. In this case, you will most likely have to add a personal bank account to the project and transfer the money to the charity once the project has closed. Most people who do this will set up a separate bank account in their name to keep the money separate from their every day finances.
When adding your bank account details to your Crowdfunder project, please select individual/sole trader.