Bank account for 7 people paying rent
Bank account for 7 people paying rent
Author
Discussion

2DDav

Original Poster:

685 posts

183 months

Monday 18th March 2013
quotequote all
Looking for some advice here chaps.

7 of us are chipping together to have a rather large unit for us all to work on our cars. This is a none profit thing which I believe makes things simpler.
The rent is to be paid monthly by DD, this saves any hassle of cash and having to chase people. Any recommendations as to what sort of account we should be looking at? We are looking to have 2 signatures on the account, no overdraft facility (for security) and have it so we all DD in prior to the rent being due.

Any advice greatly appreciated.

Newc

2,195 posts

212 months

Monday 18th March 2013
quotequote all
Look for 'Club and society' accounts, or 'Community accounts'. Most of the high street banks do them. Co-op seems to get a lot of coverage.

2DDav

Original Poster:

685 posts

183 months

Monday 18th March 2013
quotequote all
Thanks, Ive contacted these guys to see what they can offer: http://www.smartdebit.co.uk/