Bank account holders name

bombom66

We own an apartment on a complex abroad ,the account we pay our maintenance to is a U.K. Santander account in the name of the complex ,does there have to be a named person on this account ? , if so how do we find that name . Thanks.

MattMattMattUK

bombom66 said:

We own an apartment on a complex abroad ,the account we pay our maintenance to is a U.K. Santander account in the name of the complex ,does there have to be a named person on this account ? , if so how do we find that name . Thanks.

What do you mean by named person? If you mean a human rather than a business then no, that is not required, just the business name, which will probably be something like Acme Apartments Ltd. 

wmb194

bombom66 said:

We own an apartment on a complex abroad ,the account we pay our maintenance to is a U.K. Santander account in the name of the complex ,does there have to be a named person on this account ? , if so how do we find that name . Thanks.

Are you paying a company? If it's registered in Britain you can try looking it up on the Companies House website and see if the data there gives you any ideas.

bombom66

MattMattMattUK said:

bombom66 said:

We own an apartment on a complex abroad ,the account we pay our maintenance to is a U.K. Santander account in the name of the complex ,does there have to be a named person on this account ? , if so how do we find that name . Thanks.

What do you mean by named person? If you mean a human rather than a business then no, that is not required, just the business name, which will probably be something like Acme Apartments Ltd. 

Thanks yes Human , I thought that maybe someone’s name would have to be as a signature etc .

MDMD

There is likely be an individual signatory on the bank account, this may or may or may not be the same as the directors. Likely to be more than one person as a fraud prevention measure.

But unless you have a legitimate reason and authority from the company to know who this is, you are unlikely to be told the name

bombom66

MDMD said:

There is likely be an individual signatory on the bank account, this may or may or may not be the same as the directors. Likely to be more than one person as a fraud prevention measure.

But unless you have a legitimate reason and authority from the company to know who this is, you are unlikely to be told the name

The account is not a business account, it’s just a account used to pay peoples maintenance ,then transfer the money abroad ,hence in the name of the complex 

tacpot12

The account probably should be a business account, but it is up to Santander to decide whether a business entity in a foreign country can have an Individual's account. (Their rules almost certainly say that they cannot). 

Why are you asking this question? 

bombom66

tacpot12 said:

The account probably should be a business account, but it is up to Santander to decide whether a business entity in a foreign country can have an Individual's account. (Their rules almost certainly say that they cannot). 

Why are you asking this question? 

Just trying to find out if there’s a name on the account if so who’s name that’s all

sheramber

Have  you asked the company? 

They would be the best people to ask.

DullGreyGuy

bombom66 said:

MDMD said:

There is likely be an individual signatory on the bank account, this may or may or may not be the same as the directors. Likely to be more than one person as a fraud prevention measure.

But unless you have a legitimate reason and authority from the company to know who this is, you are unlikely to be told the name

The account is not a business account, it’s just a account used to pay peoples maintenance ,then transfer the money abroad ,hence in the name of the complex 

If the name on the account is as you say then it is a business account as a personal account has to be in the name of the owner of the account. 

If it was a sole trader then it could have two names on the account, the persons real name and their trading name, the only way you could find the real name would be a guessing game and seeing if OpenBanking says its a match but you are likely to hit counter fraud measurers a long time before that. 

If it's a company then it has to have the company's real name on the account and can also have trading names, there will be no human name for the account itself. As a company isn't a natural person there have to be authorised users to give instructions, there can be any number of these and it may require more than one to authorise a payment etc. These aren't "named on the account" and there is no direct way of finding out who they are. Were you to look up the company on Companies House, assuming it is a UK company, then that will ell you who the statutory directors are and the chances are at least some of those will be authorised users. 

What are you actually trying to achieve?

MattMattMattUK

bombom66 said:

tacpot12 said:

The account probably should be a business account, but it is up to Santander to decide whether a business entity in a foreign country can have an Individual's account. (Their rules almost certainly say that they cannot). 

Why are you asking this question? 

Just trying to find out if there’s a name on the account if so who’s name that’s all

These situations normally have a holding company in place for the funds, that will almost always be an Ltd so it likely does have that name, which ties in with you saying "an account in the name of the complex". It is very unlikely that this is a specific individual, nor does it actually matter if it is or not. 

What is the reason you want to know who the authorised signatories on the account is?