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How to set up new CEO and bank account access?

Debbie Holden Charity Posted 9 months ago

Hi, we have a new CEO starting shortly and they will need access to all our bank accounts.

How do we give them access to the accounts, and is there any information I should give them regarding ID and bank checks?

I have asked the bank but they're taking ages to come back to me.

Thanks

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Joan Smith Staff PANEL

Administrator at Jubilee Campaign 9 months ago

You can either add them as a signatory on the account or senior staff member with access. At least you can with NatWest but I expect all banks have their own systems. With Natwest I would do that through Bankline which as a facility to add signatories. Otherwise I would call the Business helpdesk on the phone but only if I had a few hours to spare!!

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Mike Preston Staff PANEL

Between Roles at Between Roles 9 months ago

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Firstly, I would suggest that they receive a copy of the charity's financial policies and procedures, and I would hope for a delegated authority policy outlying their responsibilities and financial controls.

It's not likely that the bank will need anything like that. They will simply need the normal ID documents as well as a letter from the trustees confirming access has been formally agreed, upon and the level of access they should have

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