Online Banking Policy

• The Staff Clubs Guide recognises that clubs may wish to utilise online banking systems.
• If a club wishes to set up online banking it should be agreed by their committee and approval should be given from the Business Sponsor.
• The same principles apply to online banking as with traditional cheque-book banking; namely that there is a dual-signatory system in place that requires two people to be involved in the process of issuing a payment. In practice this means that one signatory logs in to the online account to set up the details of a BACS payment (amount, payee name, payee bank details etc) and then a second signatory has to log in to release the payment. This provides a clear audit trail.
• National and Regional HASSRA bank accounts currently use the dual-signatory online banking system from Lloyds, although other high street banks may offer a similar system.