Help decipher bank account requirements

[karoloydi]

Hi, I am a bit confused about the requirements. I ll go to the bank to ask them of course, but before that I d better get a general idea of what I am required to have, so that I wont have to make more that one trip to the bank.

Heres the requirements that I am not sure of (Thats for HSBC by the way):

It says that "To comply with current regulations, the Bank must identify and verify the addresses of at least two persons authorised to operate accounts"

Further down it says:
Private Limited Companies only
If you have one director and no company secretary the mandate can be signed by the chairperson of the meeting when the resolutions setting out your signing instructions were passed.

Its just me and my wife in the company. I am the only director. My wife is an employee. If I hold a meeting I will have to be the chairperson, right?
SO where do I stand now? Does the last clause override the clause at the top saying that there must be at least two people signing?

Also, can you advise me what I can write down in the company minutes book to record this event?

Thanks

 

[Geoff T]

Had the same problem when I signed up with my bank - they're just using up old stationary...don't sweat it!

went to the bank and they ignored all that stuff on their own forms...!

are you getting a good deal from HSBC? I went with Abbey..."free" ALWAYS gets my attention!!!

ps - if worried, cal their helpline...get them to confirm...

 

[karoloydi]

Its free for 18 months.

 

[elaine@cheapaccounting]

Abbey of free for life!

Saves changing later and sooooo easy to arrange.

 

[Geoff T]

Abbey of free for life!

Saves changing later and sooooo easy to arrange.

not going with the easy, but yes the free for life stuck with me too!


job done...and it's a good 'un! (till they renege on the deal!)

BANKERS!