Loomio
December 27th, 2019 23:50

Switch Bank Account to TSB

cstewart000
cstewart000 Public Seen by 118

Per our last meeting held early December, we are looking to change banks.

This is somewhat due to change of committee members, but also to choose a more ethical bank.

We currently bank with ASB which is part of the Commonwealth Bank of Australia. This bank (along with much of the Australian banking) have been found to conuduct many unethical practices. https://www.stuff.co.nz/business/world/110372532/australias-banking-royal-commission-final-report-at-a-glance

We are looking to switch to TSB, so that we have we can keep the money in the New Zealand banking system, and make sure that the committee has appropriate access to accounts to manage Hackland.

To make the change, we will need to transfer all of autodebits to the new account.

To enable us to make the change, we will need a majority vote.

New account number to be advised upon passing of the proposal.

cstewart000

cstewart000 started a proposal December 27th, 2019 23:55

Change Hackland Bank account to TSB and allow new committee members access Closed 12:03pm - Sunday 5 Jan 2020

Agreeing will mean that a new account at TSB is opened, access to the account will be made to all members of the committee.

All members will be required to change their direct debit to continue membership.

The above will enable better management of hacklands funds and enable Hackland to bank more ethically than it does currently.

Disagreeing will mean that things stay as they are.

Results
Block - 0
Disagree - 0
Abstain - 0
Agree - 6
6 people have voted (0%)
cstewart000

cstewart000
Agree
December 27th, 2019 23:56

Sarah Tanfield

Sarah Tanfield
Agree
December 28th, 2019 04:13

R B

R B December 28th, 2019 09:04

Is the account dual signatory ?

Karsten Sperling

Karsten Sperling December 28th, 2019 09:40

Is there a difference in fees?

Tom Atkinson

Tom Atkinson December 28th, 2019 15:07

sounds like a bad idea (if it would require user action and was forced it would lower your revenue quite a lot more than you might expect) that would be hard to recover from. but then... what would i know i can't see the accounts and/or know easily how many members pay how much etc. would be interesting to see average yearly contribs per member to get a clear picture.

cstewart000

cstewart000 December 28th, 2019 17:23

Hi Tom, in the short term both accounts would be able to recieve funds so there would be a reasonable grace period. At the moment, the committee doesnt have access to the account so it is not possible to manage funds and review membership effectively.

cstewart000

cstewart000 December 28th, 2019 17:23

Both accounts are free for incorporated societies as far as I understand.

cstewart000

cstewart000 December 28th, 2019 17:25

I think it will be multi-signatory, with all the committee as signors.

Robbie Cameron

Robbie Cameron
Agree
December 28th, 2019 18:44

Tom Atkinson

Tom Atkinson December 29th, 2019 00:44

how many a/p's are going into said account?

Tom Atkinson

Tom Atkinson December 29th, 2019 00:45

kiwibank has these "data access users" that can be created and destory, that are read-only. if TSB doesn't have that I'd suggest going with a kiwibank business account for that read-only user then each member of hackkand could verify the authenticity of every other member instead of being a black box.

Mr CK

Mr CK
Agree
December 29th, 2019 00:52

Karsten Sperling

Karsten Sperling December 29th, 2019 21:22

I agree that avoiding inadvertent member churn from this is quite important. If the accounts are both free we could keep the old one at least for the foreseeable future and manually transfer funds from there to the new account every once in a while. Hopefully the reasonably active section of the membership can be encouraged to switch to the new account quite quickly.

Helena

Helena
Agree
January 1st, 2020 08:04

Alex

Alex
Agree
January 2nd, 2020 23:29