Signatory Access

Hello I would like someone to explain the term Signatory Access vs Joint Account.

If one is removed from signatory access is it best to have a joint account or a linked account online instead.

Many thanks,

Hi Yasmin :slight_smile:

To have a joint account we will need to have an Account Operating Authority (AOA) that advises who are the authorised signatories to operate the joint account. If one signatory has been removed then that indivdual will not be able to do or request anything on the joint account. If you have an account in your indvidual name we should still have an AOA advising who is the signatory to operate the individual account.

Hope that clears things up for you, but if not just let us know.

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Thank you Lawrence :pen:

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Pleasure :slight_smile: