[committee] Bank account for UCC

[Christopher Bobridge]

Matt,

Part of the reason that the Guild encourages (nay, require[sd]) banking with
them is that they earn money off the interest, which is then not passed on
to the clubs but offsets various other things. While I think an external
account is a fantastic idea, I'd also suggest formally applying to the Guild
Executive / Soc to carry this out, noting that exclusive banking with the
Guild was a requirement for affiliation (and therefore grants) when I was
around and still seems to be extant in last years Soc handbook. Noting the
ambiguity, I see no harm in clearing this up.

The level of research you've carried out looks good, however - thanks for
your proactive efforts.

Chris

On Fri, Dec 18, 2009 at 8:12 PM, Matt Didcoe <matt at didcoe.id.au> wrote:

> 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]
> >>>
> >>>
> >>>
> >>
>
>
>
>
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