Opening a WI bank account
This could include a Post Office Account or a Building Society Current Account. (The Committee appoints not less than three members – usually the President, Treasurer and one other, to sign cheques on behalf of the WI; 2 signatures are required on each cheque.) Increasingly, WIs are using online banking, and the requirement for at least three signatories still applies.
In some WIs, members would like to save up towards the following year’s subscription. However this is not within the WI’s powers under the constitution and the WI does not have the legal authority to run such a scheme.