Bank account for small Body Corporate

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  • 16/07/2018 at 3:23 am #11771 Reply | Quote
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    Flatchatter

      I’ve finally convinced the owners we need to start a sinking fund and that we need to start paying electronically rather than in cash.

      We’re a small OC in Victoria (<10 units) and I was wondering what bank account other OCs use?

      I see the need for two different accounts, i.e. general funds and sinking fund but would like to make it as simple as possible.

      I also want a low fee account that can be accessed via the internet.

      So how does your OC handle this and what bank would you recommend?

      Also, anything to be aware of?

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    Reply To: Reply #29976 in Bank account for small Body Corporate
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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