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Voluntary organisation and bank accounts

3 replies

Emmajane88 · 15/10/2022 19:49

Does anyone know if being an account holder with a small local voluntary/not for profit organisation which will deal with very small amounts of money would affect my personal credit score?

I would be one of two account holders there.

I have read that it’s all based on name not address so the fact that the other person is an account holder shouldn’t matter. I assume it’s hot treated like a joint account..?

OP posts:
Roserunner · 15/10/2022 20:06

I'm a book keeper and I have logins to some of our clients accounts. I have had to sign forms to be a signatory/or just to have access. As far as I'm aware it doesn't have any effect on me personally. I have accounts with credit score and Experian and they don't mention them.

IbizaToTheNorfolkBroads · 15/10/2022 20:08

I have been bank account signatory for two local NFP organisations for several years , and I am not aware that this has affected my credit score.

Passthecoffee · 15/10/2022 20:15

Is it not the group that's the account holder I.e 'XYZ voluntary association' and you, along with one or two others are signatories registered with the bank to sign cheques etc?
That's what I am for some groups and it has no bearing on my personal credit.

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