Our bank has asked me to provide copy invoices and documentation for many receipts and payment made / received over the past year, and to provide the reasons for making a range of payments including suppliers and salary payments to employees. I am interested to know if this is a common request because I have never had to provide this information before?
Many thanks
Replies (5)
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I've never heard of this.
Have you asked what business it is of theirs ? They could have a good reason.
If this is 'your' bank, it sounds to me like you are under some kind of 'special measures' or 'business support'.
Is the company in difficulty?
Have you confirmed there is no possibility of this being a scam?
yes - which bank ~? your main Bank, or ....
is it part of an invoice discounting facility for example, which requires you to provide copy data to ensure complaince with the funding faciltiy?