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Executing payments in another company's account

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Hey,

I have a parent company in UK and a wholly owned subsidiary in Singapore. I want to know if the Singapore company can authorise the U.K. company to execute transactions on its account.

If yes, how?

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23rd Nov 2018 12:51

You probably need our sister site BankingWeb.

Or ask your bankers.

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to lionofludesch
23rd Nov 2018 13:08

Could you please provide a link to that?

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23rd Nov 2018 12:57

The Singapore company needs to ask its bank. I am not sure why you think anyone on a UK site for accountants will have any idea what they are likely to say.

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