[committee] Bank account for UCC

[Matt Didcoe]

Having a separate bank account _will not_ effect our ability to get SOC grants as we are still a guild club and we retain our "account" with the Guild as we're required too - anyway, a reasonable person wouldn't punish us for trying to streamline things.

We don't have a separate account to the rest of the clubs in the guild (or the guild itself actually - it's a bank account love-in) - everyone's funds sit in one account and we have a "T" account the manages our debits and credits to show which part of the total sum in the account belongs to us.

Henry said we could get the guild BSB and account number, but we had to ensure that every single transaction was correctly marked as belonging to UCC otherwise it disappears into the ether and we never see the money again - not ideal and fraught with risk.

Matt Didcoe [MRD]
UCC Wheel Member
mattman at ucc.gu.uwa.edu.au

On 18/12/2009, at 6:42 PM, Bob Adamson wrote:

> A permanent Paypal account would be an asset for the club - and would allow the club to set up paypal dispense credit, paypal membership interface and also look at selling old unused club hardware (instead of throwing it out). Has anyone actually investigated whether ucc can get an actual account number from the guild for the current account?
> 
> Otherwise, Westpac sounds like a good idea, and it sounds like it might be easier to run most or all of the clubs finances through Westpac. However, is that likely to affect our ability/liklihood of getting soc grants?
> 
> Bob Adamson
> UCC Wheel Member
> 
> |"Bureaucracy is a challenge to the be conquered with a righteous      |
> |attitude, an intolerance for stupidity, and bulldozer when necessary" |
> | ---Peter's Laws                                                      |
> 
> On Fri, 18 Dec 2009, Ewan MacLeod wrote:
> 
>> iirc, as a regulation by having an account with guild finance (and soc
>> affiliated), we're not allowed to have a club-named account with
>> another bank
>> 
>> But other than being able to directly deposit into it and getting a
>> club-named credit card (FAL runs anyone?) what's the point in getting
>> a new bank account?
>> 
>> On Fri, Dec 18, 2009 at 12:18 PM,  <mattman at ucc.gu.uwa.edu.au> wrote:
>>> So after some investigation (read: walking into the banks and asking), it
>>> would appear the UCC are able to get accounts with either Westpac or
>>> UniCredit.
>>> 
>>> My personal vote would be for Westpac, you'll see why below where I've
>>> outlined the offerings from the two.
>>> 
>>> Westpac:
>>>  - Open 9am to 4pm (5pm on Fridays)
>>>  - No account keeping fees
>>>  - Free inter bank transfers and cheques
>>>  - Tanya, the Crawley branch manager seems to be very helpful and friendly
>>>  - The Guild have their account (which includes our account in it's tangled
>>> web of finance) held at Westpac.
>>> 
>>> UniCredit:
>>>  - Open 11am (or maybe it was 10am) to 3pm
>>>  - Each signatory on the account has to have a membership with UniCredit
>>> (only $2, but a pain to do every year)
>>>  - $2 monthly account keeping fee
>>>  - The women at the branch (think she was in charge), didn't seem that crazy
>>> about helping people - she ran through what we needed, gave me some forms
>>> but I didn't get the feeling she wanted to help.
>>> 
>>> So, to open an account with Westpac, we need the following:
>>>  - Minutes of the meeting stating that (a) we want to open a new account and
>>> (b) who will be authorised to access it
>>>  - The constitution of the club
>>>  - 100 points of ID (which can be a WA Drivers Licence and UWA Student Card)
>>> for each signatory.
>>>  - Everyone to go to the bank.
>>> 
>>> This is the account Tanya is talking about ->
>>> http://www.westpac.com.au/business-banking/bank-accounts/specialised-accounts/community-accounts/
>>> 
>>> I don't know if we're eligible for all options like access to funds from the
>>> ATM or MasterCard (as we'll have a multiple signatory account) - but I can
>>> ask more questions if people want to go ahead.
>>> 
>>> Cheers,
>>> Matt [MRD]
>>> 
>>> 
>>> 
>>