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Residents Association Bank Account

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EEZABLADE32 | 11:07 Fri 19th Jan 2024 | Business & Finance
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Hi, we have a group of six flats and an R/A which we pay into to cover annual expenses eg ground rents, building insurance. Is it possible to open a current account to pay in our monthly subscriptions and pay expenses?

Thx

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Avatar Image barry1010

Yes you can.  It would be a Community Bank Account and most banks offer them. I know Lloyds and HSBC do.

 

11:13 Fri 19th Jan 2024
Avatar Image EEZABLADE32
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Great answer will check it out, many thanks.

12:25 Fri 19th Jan 2024

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