Treasurer Account

As a treasurer or committee member of a not-for-profit organisation you already have enough to do with various activities and keeping the books balanced without worrying about banking. That is why our Treasurer Account is perfect for you, as it will help make your job easier.

The Treasurer Account is purposely designed for the convenience of local based clubs, societies, charities, associations and philanthropic organisations which are not-for-profit making and regulated by a statute or similar rules and regulations.

The advantage of having a Treasurer Account

With an HSBC Treasurer Account you can maintain a single bank account for all your administrative requirements. You will no longer need to keep a separate savings and current account as the Treasurer Account will cater for all your needs.

You also benefit from:

• Credit interest paid twice a year
  
• Free monthly statements
  
• A cheque book for instant access to funds
  
• No need to keep a minimum balance
  
• No maintenance or administration fees
  
• Free standing instructions, inter-account transfers and direct debits
  
• Quikcash card enabling deposits through ATMs and deposit machines
  
• Free Certificate of Balance at the end of financial year, available upon request
  
• Unless advised withholding tax will be deducted from any interest paid by the Bank.

Keeping track of your finances

The Treasurer Account will make your life easier and help you manage your finances better. All transactions will be shown in the free monthly statements and this will help you keep track of your organisation's finances.

Let us help you get more from your bank

Take advantage of our Financial Service Review - it's an opportunity to talk to us about your organisation's needs and help make the most of your money. You can tell us what you think of our service, review your current financial arrangements or simply tell us about your organisation's future plans.

There is no charge for this service and it won't take long. To arrange your Financial Service Review all you have to do is contact your local branch.

Your next move

If you want to open a Treasurer Account all you have to do is call in at your local branch.

When doing so, please bring with you:

• a copy of your statute or rules and regulations clearly stating that your organisation is not-for-profit;
  
• a resolution from your committee/council authorising you to open a Treasurer Account.
  

We will ask you to complete the necessary opening of account forms which will also include a mandate featuring the names and signatures of the members entrusted to operate the account.

That's all. You will soon be enjoying the benefits of an HSBC Treasurer Account.