The appointment of Bankers is directors’ business and is dealt with as a directors resolution.

Step 1 – Ask the nominated bank for their application form and complete it in draft. 

Step 2 – Convene a Directors meeting for the purpose of appointing Bankers. See draft minutes – Minutes – Appointment of Bankers (1931)

Step 3 – Sign and return the application form together with required certified corporate documents and the due diligence paperwork to the bank.

Step 4 – File the original board minute together with a copy of the application form and the supporting documents in the director’s minute book.


Note: Specific company resolutions are usually included with the bank application form; hence the wording in this case.