All groups must have an bank account in the groups name.
This can set up from High Street banks.
You need to ask for a "Clubs, Societies and Charities Treasurer's Account", this is usually within the Business Account section.
Every bank has it's own requirements, but generally you'll need:
- Three signatories for the account
- Each signatory must provide photo ID, two forms of a proof of your address in Lancaster. For example, a Bank Statement, or proof of student status from Lancaster University (This is available from The Base on campus.)
- Your groups Constitution or Terms of Reference
- A written request from the Society providing authorisation to open the account, listing the names of the Exec/Committee members.