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Hi All,
I am looking for advice regarding the bank account of a Residents Management Company.
We appointed new managing agents in July 2019 and they opened a new bank account to hold our Service Charge fund and our Reserve fund.
The form that I signed as director of the RMC was a Non-Financial Intermediary Form NWB87986 (13/12/2016) where the managing agent was the Customer Name and the RMC was the Underlying Client Name. The RMC was registered as the third party entity whose money was being held in the account.
Last year the managing agent was expelled by The Property Ombudsman and then stopped paying the bills. The leaseholders (owners) continued to pay their service charge into the account until March of this year.
The bank is refusing to provide bank statements or any other details and has stated that the RMC is not a recognised customer.
Any thoughts or ideas on how to proceed in recovering access to bank statements for our service charge bank account?
Thank you.
I am looking for advice regarding the bank account of a Residents Management Company.
We appointed new managing agents in July 2019 and they opened a new bank account to hold our Service Charge fund and our Reserve fund.
The form that I signed as director of the RMC was a Non-Financial Intermediary Form NWB87986 (13/12/2016) where the managing agent was the Customer Name and the RMC was the Underlying Client Name. The RMC was registered as the third party entity whose money was being held in the account.
Last year the managing agent was expelled by The Property Ombudsman and then stopped paying the bills. The leaseholders (owners) continued to pay their service charge into the account until March of this year.
The bank is refusing to provide bank statements or any other details and has stated that the RMC is not a recognised customer.
Any thoughts or ideas on how to proceed in recovering access to bank statements for our service charge bank account?
Thank you.
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