Unity trust bank
SKIP’s banking provider is Unity Trust Bank, a specialist bank for non-profit organisatons. You may not have heard of them: they are not on the high street, as they don’t have any branches.
Because they don’t have any high street branches, when we need to pay money in to Unity (for example after every fundraising event), we take our money to an ‘Encashment Facility’, this is a fancy name for another bank who Unity have an agreement with. At present, this is any Branch of Natwest, or RBS in Scotland and Ulster bank in Northern Ireland.
Two branch members will have access to the bank account via internet banking. Don’t forget your paying in book when you go!
Both the branch Pro-co and treasurer will have access to the branches online account so that they are
able to make payments within the UK independently
Information on how branches gain access to their bank accounts and become branch signatory will be given to the branch treasurers at the start of the year by the national Treasury team
The Treasury team will also go over paying in books, internet banking, viewing transactions, setting up and authorising payments.
This information is provided in the SKIP Treasury For Branch Treasurers Handbook, an example can be seen below.
