New Bank Account for Flat Owners

grumbler

83dons wrote: »

Interesting but the kind of dilemma is that we want 2 signatories (so withdrawals cant easily be made by one person) but we also want online payments (by definition by one person). regular payments to come in by standing order and only occasional payments to go out - maybe best to just have two residents signing for a cheque and no online banking then although seems a bit of a dated idea! Bit of a catch 22. Maybe best to just phone the major chains and ask for suggestions.

You have to decide what you want before phoning.

Obviously, two signatures/authorisations and online outgoing payments are contradictory requirements.
Write a cheque with to signatures to yourself, deposit it, then pay online or by a card.

And again, a cheque means a current account, that is best to be avoided unless, possibly, it's a business/club/charity/... one.

ETA:
https://www.help.barclays.co.uk/faq/business/services/what-is-dual-auth.html
https://forums.moneysavingexpert.com/discussion/4377705
http://www.accountingweb.co.uk/any-answers/online-banking-second-signature
...
However, such accounts normally aren't free.

83dons

grumbler wrote: »

You have to decide what you want before phoning.

Obviously, two signatures/authorisations and online outgoing payments are contradictory requirements.
Write a cheque with to signatures to yourself, deposit it, then pay online or by a card.

And again, a cheque means a current account, that is best to be avoided unless, possibly, it's a business/club/charity/... one.

ETA:
https://www.help.barclays.co.uk/faq/business/services/what-is-dual-auth.html
https://forums.moneysavingexpert.com/discussion/4377705
http://www.accountingweb.co.uk/any-answers/online-banking-second-signature
...
However, such accounts normally aren't free.

Well I guess online banking can be missed out then for security sake being the main aim. So would be an account of some type that allows:

- Anyone to pay into it online using a standing order or online banking regularly
- Infrequent pay outs to contractors and ONLY if both signatories agree (I presume this means by cheque signed by both only and no internet banking available). Would have to take it on trust we are not going to write out cheques to ourselves cant see a way round that!

I called the Halifax and they say they offer such an account so will see what they say. We both need to go in with photographic ID to set it up.

eskbanker

83dons wrote: »

Yes sorry it is in Scotland.

Not Gothenburg?