sample accountants letter

accountant's letter to open new bank account for client

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I have a new limited company client who wish to open a bank account and the bank has requested an accountant's letter. I would really appreciate it if anyone can  provide a sample letter from accountant to bank for a new company to open a new business account.  Many thanks

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By Duggimon
01st Mar 2021 10:21

Can't you just write it? Nobody's going to mark it or anything, just make sure your spelling is right and you include whatever information they've asked for.

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Replying to Duggimon:
paddle steamer
By DJKL
01st Mar 2021 10:32

If I worked for a bank (not a likely scenario given my views ) I would most certainly mark it, I critiqued my neighbours website at the weekend, I love picking holes in party political leaflets (The Libs are the worst for mistakes) and even the pile of leaflets that fall from free newspapers get the treatment. I wonder if there is therapy for this behaviour.

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Replying to DJKL:
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By Hugo Fair
01st Mar 2021 10:41

I know the feeling ... and am only partly cured (medically rather than as a side of salmon). The partial change occurred after being given a copy of "Bonfire of the Vanities" with the last word on the front-cover crossed out and replaced with "Obsessions" - which hurt at so many levels!

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Replying to Hugo Fair:
paddle steamer
By DJKL
01st Mar 2021 11:33

It is bad . I have now just noticed I missed an apostrophe within "neighbours"

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Replying to DJKL:
By Duggimon
01st Mar 2021 11:38

I had just naturally assumed it was your own website about the popular Australian soap opera.

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Replying to Duggimon:
paddle steamer
By DJKL
01st Mar 2021 11:58

Even my wife knows about my Kylie appreciation.

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Replying to DJKL:
By Duggimon
01st Mar 2021 13:36

Just can't get her out of your head

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Replying to Duggimon:
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By WhichTyler
01st Mar 2021 11:58

When I was a school governor, it gave me immense pleasure to mark up errors in any papers prepared by the teaching team and hand it back to them...

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Replying to WhichTyler:
By ireallyshouldknowthisbut
01st Mar 2021 14:24

@whichTyler, half my family are teachers.

They really really really love stuff like that.

Id not accept a coffee from anyone you did that too.

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Replying to ireallyshouldknowthisbut:
Red Leader
By Red Leader
01st Mar 2021 17:32

Don't they want to learn?

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Replying to DJKL:
RLI
By lionofludesch
02nd Mar 2021 07:11

DJKL wrote:

If I worked for a bank (not a likely scenario given my views ) I would most certainly mark it, I critiqued my neighbours website at the weekend, I love picking holes in party political leaflets (The Libs are the worst for mistakes) and even the pile of leaflets that fall from free newspapers get the treatment. I wonder if there is therapy for this behaviour.

Yeah, I do that. I get particularly angry when the BBC get it wrong.

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By OldParkAcct
01st Mar 2021 10:42

Most of the banks provide you with a template to confirm the wording they want, so I suggest you ask the bank. They normally just want confirmation of the trading address for the business.

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By jon_griffey
01st Mar 2021 10:56

Ask the bank what they want. If you miss something off that they want to see like your ACCA membership number etc then they will simply ask you to do it again.

A completely pointless exercise that proves nothing.

Bank: What is your client's trading address?
Accountant to client: What is your trading address?
Accountant to bank: Our client advises us that his trading address is X

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A Putey FACA
By Arthur Putey
01st Mar 2021 11:41

Er, why does the bank need an accountant's letter? It is not mandatory to have an accountant, and if it is a new company/client what do they expect you to say?

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Replying to Arthur Putey:
blue sheep
By NH
02nd Mar 2021 06:52

Arthur Putey wrote:

Er, why does the bank need an accountant's letter? It is not mandatory to have an accountant, and if it is a new company/client what do they expect you to say?


We have been asked for a number of these for Starling Bank applications, it goes along the lines of "we have acted for Joe Bloggs since xx, they trade as a rocket scientist and part time self taught brain surgeon"
Its a box ticking exercise and they only accept certain types of client/trades
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By fawltybasil2575
01st Mar 2021 13:21

@ happyface (OP).

In intending no offence, your question does not explain, as has been correctly stated above, what INFORMATION the bank require to be shown in your letter: you should thus certainly obtain a copy of the letter/email (from the bank to the client company).

The bank MAY simply require confirmation that you have been formally appointed to act for the company: in which case, of course, a letter stating “I confirm that I have been appointed to act as accountant to the above company” will suffice.

Banks are normally free to impose whatever conditions they wish, on new account applicants, and hence if the bank at issue insist upon the client company’s having an external accountant, then so be it: one either accepts that condition or applies instead to another bank which imposes no such condition (if YOUR client company’s bank has such policy, then of course there should be no problem).

Here is an AWEB thread from a few years ago:-

https://www.accountingweb.co.uk/any-answers/bank-requires-us-as-accounta...

Conceivably, the circumstances of the OP in that earlier thread apply to your client company (but that is, of necessity, pure conjecture on my part).

If you obtain the copy email/letter, from the client company, and if it imposes information requirements with which you are uncomfortable, then feel free to enlighten us.

Notifying the client company, of the text of your proposed response, and requesting their sanctioning your sending the letter/email, will very probably be advisable.

Basil.

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Replying to fawltybasil2575:
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By happyface
02nd Mar 2021 10:20

Thanks Basil for your advice. Much appreciated.

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