Person of Significant Control and Setting up a new Business Bank Account
How many signatories on the bank account?
Edward Bainton Trustee at New Muslim Circle Posted 11 months ago
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Hi all,
What's considered best practice with account signatories?
We're moving banks and I'd assumed we'll put all 5 trustees as signatories as that helps if some people are unavailable. But then I thought perhaps it's poor practice to have such 'open access' and we should restrict it to just the officers?
Any pointers gladly received.
Edward
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