Minutes of a directors' meeting authorising the opening and operation of a bank account for a company in England & Wales, in the standard form a bank typically requires (a "bank mandate" resolution).
How to use this template - Replace every
[SQUARE-BRACKET]field before use. - Banks usually require a certified copy of these minutes (or their own mandate form) before opening an account. Check the company's articles for any rules on who may bind the company. - Keep minutes for at least 10 years (Companies Act 2006, s 248).
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[COMPANY NAME] LIMITED, Company number: [NUMBER]
Minutes of a meeting of the board of directors held at [PLACE] on [DATE] at [TIME].
Present: [DIRECTOR NAMES] · Chair: [NAME]
1. Notice and quorum. The Chair confirmed notice and that a quorum was present.
2. Bank account. The board considered the opening of a bank account with [BANK NAME] (the "Bank") to hold and operate the company's funds.
3. Resolutions. IT WAS RESOLVED THAT: (a) a bank account [or accounts] be opened with the Bank in the name of the company; (b) the Bank's standard terms and conditions and mandate be approved, and the Bank be instructed to honour the company's cheques, payment instructions and other orders drawn on the account in accordance with the mandate below; (c) the authorised signatories be: [NAME] and [NAME], and that the account be operated on the signature of [any one / any two] of them; (d) the Bank be authorised to act on instructions given in accordance with this mandate, including by electronic and online banking, until the company gives the Bank written notice of any change; and (e) a certified copy of these minutes be provided to the Bank, and [DIRECTOR NAME] be authorised to complete the Bank's account-opening formalities.
4. Close. There being no further business, the meeting closed.
Signed (Chair): __________________ Date: [DATE]
--- This template is a starting point and not legal advice. Follow the Bank's own mandate requirements and your company's articles, have a qualified adviser review if unsure. Governing law: England & Wales.