Do all limited by guarantee company guarantors have access to their company's business bank account?

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Hello

I need to know something about business banking: if a limited by guarantee company owns a business bank account, do all of the guarantors need to have access to it?

Thank you

Answers

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Guarantors will only have access to a company’s business bank account if they are registered as account signatories, which means they have been authorised to access and use the account on behalf of the company.

Most companies provide access to all of their guarantors, but it is not mandatory to do so. If some of the guarantors are not interested in having access to the account, there is no need to register them as signatories.

10 months ago
 

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