Internet Banking for not-for-profit Groups/Associations

The_Pict

Hello all
Can anyone please direct me to a bank which offers an internet banking service for a not-for-profit organisation? We are a small rural group so internet banking is ideal but transactions usually require two signatories.
I would be sooooo grateful if someone could advise. Many thanks in anticipation . . . . :T

Rafter

Think the co-operative bank have one on their 'business' account. Not sure how it works for accounts requiring two signatories though.

R.

jennifernil

We have our Guide Hall accounts (2) with Bank of Scotland. We are registered for telephone and internet banking. I can view the accounts, move money between them, set up bill payments and cancel direct debits all on-line.

Interest rates are very poor though, but that seems normal for these type of accounts.

rb10

As far as I know, the only banks that give you full internet banking access when you have dual signatories (i.e. include the ability to make payments requiring two separate people to authorise them) CAF (you can pay in at HSBC) and Unity Trust.

Here, one user sets up the payment, and it then appears in an 'Authorisation' list. Any other registered user who has been given permission to authorise payments can then log on, authorise it, and it is then sent.

jennifernil

On our cheques we have 2 signatures required, but our BOS internet banking is set up so that any one of us can make transfers etc.

preable

https://www.business.hsbc.co.uk/1/2/...munity-account

rb10

jennifernil wrote: »

On our cheques we have 2 signatures required, but our BOS internet banking is set up so that any one of us can make transfers etc.

And are Girl Guiding UK happy with this, or is it a case of just keeping quiet and hope they don't find out?

Their rules state that two signatures are required for any withdrawal.

spenderdave

I am not sure if the Guides are classed as a charity, but the two signature rule is a requirement of the Charities Commission - we have to do that at our church, and currently the business banking is set up only to allow viewing, not payments. This has clear implications for the rumoured demise of cheques.

We use HSBC (and also for my amateur radio club accounts) and it works well, but interest of course is zilch.

rb10

spenderdave wrote: »

I am not sure if the Guides are classed as a charity, but the two signature rule is a requirement of the Charities Commission

According to this web page, ...

There must be at least two signatures for a withdrawal from any bank or building society account.

under Girl Guiding UK's own rules.

dzug1

Alliance and Leicester offered such an account, and I assume Santander still do.

It can be set up to require two authorisations for payments.

Paying in is at a branch, Post Office or by mail.

morg_monster

Hm yes I wouldn't think GGUK would be happy with this? But could be wrong.

I'm going to look into the HSBC account, it would be great if we could use BACS for some payments on our Brownies account. So thanks rb10.