Who it may suit
Registered cooperatives and other eligible legal organisations; registration type and service scope require local approval.
Cooperative and organisation account
Administer an eligible cooperative or organisation’s money through an account aligned with its governance and authorised representatives.
Product catalogueUnderstand this category
Manage an eligible cooperative or organisation’s funds separately from the personal money of its members and office holders. Review the account’s permitted receipts, operating transactions, authorised users and reporting options. Your organisation should understand how it appoints signatories and changes them when responsibilities change. Account services support financial records, but do not replace the organisation’s own accounting, governing documents or obligations to its members.
Practical uses
Produce-sale receipts, organisation reserves and permitted payments for services, supplies or operations.
How to proceed
Review institutional eligibility; provide registration and authority evidence; approve signatories and limits; transact using enabled channels; reconcile to internal books.
What to prepare
Registration/constitution; governing-body resolution; representative and beneficial-ownership information where required; tax/business identifiers if applicable.
Questions and answers
Are members’ personal balances included?
Not unless an approved product and accounting arrangement explicitly provides them.
Can representatives change?
Use the institution’s verified mandate-change process; a website administrator cannot change banking authority.
Related institution topics
These links reflect institution source pages, not confirmed current offers. The institution must confirm products, terms and how to apply.
No institution source page is mapped to this category yet.