All accounts held for meetings, committees and other Quaker bodies in banks and building societies must be held in the name of the meeting, committee or other Quaker body, and not in the name of any individual. The conduct of the account is the corporate responsibility of the account-holding body. It is recommended that the treasurer, the clerk and at least one other Friend should be authorised signatories and this must be recorded in the minutes and certified by the clerk to the bank or building society in which the account is held. All changes of authorisation must be promptly notified under the same procedure, with the clerk certifying the authenticity of the minute. It is good practice to allow cheques to be drawn and withdrawals only made up to a specified amount on the treasurer's authority alone, while cheques and withdrawals of larger amounts require more than one of the authorised signatures. Account-holding bodies are advised to review their arrangements in this regard at regular intervals.
Next: 14.21
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