Hi,
I don't think you need to ask the board those credit and residency qualifications, last time I dealt with this only one person needed to be checked out under money laundering rules - (though that could have changed or vary by bank).
And I wouldn't recommend that all directors were co-signatures. If three out of five are cosignatures and at least two have to sign any cheque that should be fine.
Regards
Jonathan Cardy (WereSpielChequers)
dahsun@yahoo.com
--- On Thu, 11/9/08, Andrew Turvey raturvey@yahoo.co.uk wrote:
From: Andrew Turvey raturvey@yahoo.co.uk Subject: [Wikimediauk-l] KYC requirements To: wikimediauk-l@lists.wikimedia.org Date: Thursday, 11 September, 2008, 11:14 PM
Do you have a feel for which of these banks will
expect, and to what degree? As someone that lives in two places (parent's home and rented accommodation) and has bills at the latter, and is a postgraduate student (i.e. on the fuzzy line between student and employee), but meets the other two points, I'm wondering if I fall between too many lines to be useful on the initial board.
Mike Peel
===
I've just opened a business bank account with HSBC and this is what they asked for:
One document from List A (Confirmation of Name):
- HMRC Tax notification - e.g. PAYE Notice of Coding, WFTC
notice, Children's Tax Credit notice (not P45/P60)
- Bank or Building Society statement for your personal
account dated within the last 6 months and showing receipt of salary and payment of utility bills - online statements are not acceptable
- Construction Industry photot registration card
Alternatively bring your Valid UK Passport, Full UK Photo Driving License or Nationali ID card to a branch.
plus:
One Document from List B (Confirmation of Address)
- HMRC Tax notification - e.g. PAYE Notice of Coding, WFTC
notice, Children's Tax Credit notice (not P45/P60)
- Utility/Council Tax bill dated within the last 6 months
- Credit card statement within last 6 months (not online)
- Mortgage statement within 12 months (not online)
- Motor insurance certificate (unexpired not cover note)
- Rent Card or Rent Book (council / RHA not private
landlord)
This gives you an idea. Each bank's list seems to be slightly different but they all ask for one thing proving name (normally includes passport / driving license) and one thing proving address (normally includes utility bill)
Note that banks will not necessarily need this info for all five trustees - sometimes just the main officers will do.
Regards,
Andrew Turvey Director Andrew Turvey Solutions Limited Registered Office: 23 Cartwright Way, Beeston, Nottingham NG9 1RL Registered in England, Registration Number 5596974
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