Can I add a new director onto a business bank account?

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Good morning,

I am one of three directors at a private limited company based in Cardiff. We have added a new director this month, and I would also like to add his name onto our business bank account if possible. The account has been open for about two years. Do you think I could get away with it?

Answers

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That’s not a problem at all. As long as a majority of the existing directors agree, you can add new signatories to your company’s bank account whenever you like by completing a banking mandate. You can obtain one from your bank.

The new director will have to provide photo ID (e.g passport, driving licence) and proof of address (e.g. utility bill, bank statement). The bank may also carry out a credit check on the new director.

Depending on your bank, you may be able to download and complete a banking mandate online, but you can also do this in your local branch.

a year ago
 

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