Club/Society Bank Account

Eco_Miser

20171203 wrote: »

TI concede I've jumped into this without settling what 'signatory' means. I'm looking for the ability for more than one person to be able to make a transaction, individually. I don't want a checking mechanism that means more than one person has to collectively approve transactions. Which definition is being used by the banks whose accounts I've been looking at?

A signatory is a person authorised to sign cheques (and do equivalent electronic stuff).
Three signatories is usual for clubs ( Chair, Treasurer and Secretary), with two to sign any particular instrument.
One to sign may be available. This carries the risk of one day finding a massive overdraft and one signatory missing.

20171203 wrote: »

Using my desired definition of signatories, I'd like three ideally - this would be me (treasurer), our Chair and an extra space for when either of these roles changes.

You don't need this. When the role changes the new person becomes a signatory, the old one is removed (when you get round to telling the bank and filling in the new form).

Yorkshire Bank offer club accounts on similar terms to personal accounts. Online access is a bit dodgy as the authorised person gets full access, bypassing any two to sign requirement. However this may be what you want.

Anthorn

have a look at Co-op Bank Community Directplus, similar to a free personal account but for organisations:
http://www.co-operativebank.co.uk/business/community/community-directplus

I think a cricket club should qualify.

As previously hinted at by other posters the number of signatories depends on the parameters of the account. Usually the treasurer is one signatory while the other is likely to be the chairman. The more signatories you have the slower action could become.

Robin9

20171203 wrote: »

So when the accounts I've looked at say they have Online Banking, does this just mean the ability to view the balance...and what else?!

These accounts have all the facilities that you have in the domestic market.

Don't go down the line of single signatures / authorisations - you are letting yourself open to all sorts of accusations. You may be honest but what of your successors ?

If you haven't got a constitution sort one out before the next ball is bowled.

System

eskbanker wrote: »

Steady on - cricket has been played in Scotland since 1785 and there are over 150 clubs affiliated to Cricket Scotland, with probably the same again constituted on a less formal basis, as with OP's. A national side that's played in World Cups and a longstanding national league structure for the clubs, need I go on....?!

https://en.wikipedia.org/wiki/Cricket_Scotland
http://www.cricketscotland.com/about-landing/

Calm down dear...
Cricket is definitely much more a 'South of the Border' predilection.