Bank account for small club/group


A

Allan Gould

We're setting up what amounts to a club, but it's actually a small
organisation to teach people to bell-ring. It won't be huge turn-over,
no advertising budget, just one shoe-string. We want to open a bank
account (or similar). I popped into Barclays (cos the 3 people who will
be signatories all bank there so I thought it might make identity
easier) and all they could do (having referred me to their call centre)
was offer me the Small Business Startup pack with lots of revenue
forecasts, capital requirements, product competitors, which is nowhere
near our ball-park.

Can anyone recommend an organisation where it might be easy to open an
account for our purposes.

Basic needs: pay money in & out, possibly internet banking, 3
signatories, cheque book, once we're set up, there will be few outgoings
and about £40/month coming in.

TIA

Allan
 
Ad

Advertisements

A

Alec

Allan Gould said:
We're setting up what amounts to a club, but it's actually a small
organisation to teach people to bell-ring. It won't be huge turn-over,
no advertising budget, just one shoe-string. We want to open a bank
account (or similar). I popped into Barclays (cos the 3 people who will
be signatories all bank there so I thought it might make identity
easier) and all they could do (having referred me to their call centre)
was offer me the Small Business Startup pack with lots of revenue
forecasts, capital requirements, product competitors, which is nowhere
near our ball-park.

Can anyone recommend an organisation where it might be easy to open an
account for our purposes.

Basic needs: pay money in & out, possibly internet banking, 3
signatories, cheque book, once we're set up, there will be few outgoings
and about £40/month coming in.
Barclays (or used to) do 'Community' account for small charities, community
groups, clubs and societies. Other banks like Lloyds TSB have "Treasurer's"
account for similar groups. Most have free banking but place a limit on
writing more than 10 cheques a month etc. They usually require a copy of
club's constitution and resolution by management committee.

Alec
 
P

Peter Saxton

We're setting up what amounts to a club, but it's actually a small
organisation to teach people to bell-ring. It won't be huge turn-over,
no advertising budget, just one shoe-string. We want to open a bank
account (or similar). I popped into Barclays (cos the 3 people who will
be signatories all bank there so I thought it might make identity
easier) and all they could do (having referred me to their call centre)
was offer me the Small Business Startup pack with lots of revenue
forecasts, capital requirements, product competitors, which is nowhere
near our ball-park.

Can anyone recommend an organisation where it might be easy to open an
account for our purposes.

Basic needs: pay money in & out, possibly internet banking, 3
signatories, cheque book, once we're set up, there will be few outgoings
and about £40/month coming in.

TIA

Allan
Avoiding dealing with the idiots who inhabit banks. If what they do
seems to be stupid it's because they are stupid. You have to keep
trying until you talk to someone who understands what you need. Lloyds
TSB have a Treasurer's account but it may take talking to a few idiots
before you can get through to someone who knows what they are talking
about.
 
E

Edwin

Allan Gould [allang@me.freeserve.com] said
Basic needs: pay money in & out, possibly internet banking, 3
signatories, cheque book, once we're set up, there will be few outgoings
and about £40/month coming in.

I have set up treasurers accounts with both the Nationwide and Portman
building societies in the past.

We could not at the time have access to Internet banking because we
wanted 2 signatures to authorise a withdrawal but this was a few years
back now so that one may have been cracked.
 
P

Peter Saxton

Allan Gould [allang@me.freeserve.com] said
Basic needs: pay money in & out, possibly internet banking, 3
signatories, cheque book, once we're set up, there will be few outgoings
and about £40/month coming in.

I have set up treasurers accounts with both the Nationwide and Portman
building societies in the past.

We could not at the time have access to Internet banking because we
wanted 2 signatures to authorise a withdrawal but this was a few years
back now so that one may have been cracked.
Couldn't you still have internet banking usage without withdrawal
facilities online?
 
J

john boyle

Peter Saxton said:
Couldn't you still have internet banking usage without withdrawal
facilities online?
That wouldn't be 'banking on line' though as you wouldn't be able to
perform transactions. It would just be an ability to see the statement.
 
Ad

Advertisements

E

Edwin

Peter Saxton [peter@petersaxton.co.uk] said
Allan Gould [allang@me.freeserve.com] said
Basic needs: pay money in & out, possibly internet banking, 3
signatories, cheque book, once we're set up, there will be few outgoings
and about £40/month coming in.

I have set up treasurers accounts with both the Nationwide and Portman
building societies in the past.

We could not at the time have access to Internet banking because we
wanted 2 signatures to authorise a withdrawal but this was a few years
back now so that one may have been cracked.
Couldn't you still have internet banking usage without withdrawal
facilities online?
At the time it was all or nothing.
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top