Credit Ref - Charity Committee Member

Multicolour_Cat

I've been elected to the committee of a small charity and we're just sorting out a new bank account as the previously long held building society book account has become unsuitable (no BACS facilities). The new bank has requested personal info from all committee members for money laundering / credit refs. I've got no problem with them validating who I am and where I live etc, however my credit rating is currently a disaster because of long-term health problem causing all sorts of financial woes.

I do not wish to be signatory on the charity's account, however I'm concerned that my currently poor credit rating may be disclosed as a 'problem' when the group opens the new bank account? I have no wish to disclose my personal information to the organisation.

What can I do?

Multicolour Cat

PaulW922

I would just decline on the basis that you will have no bank account access - you are right - you could otherwise get the application knocked back.

Multicolour_Cat

Thanks for responding - I did decline and in the end the bank left / right hands didn't know what they were doing and my details weren't needed anyway!

Bah! - all my panicking for nowt..........

Thanks again

GingerBob_3

Obviously it's sorted now, but this sort of thing infuriates me. The whole population has been put under suspicion on the back of money laundering and other such issues. But who are the money launders? Well HSBC are one of the biggest, it seems.

My advice is to never agree to checks such as those mentioned by the OP.