Opening Bank Accounts
Updated 9 January 2026
A simple board resolution for the opening and operation of bank accounts for a company in England and Wales. To be inserted in the general board resolution template provided by GitLaw.
Opening and Operation of Bank Accounts
IT IS RESOLVED THAT:
Opening of bank accounts
The Company be and is hereby authorised to open and maintain one or more bank accounts with [bank name] (the "Bank") on such terms as any authorised signatory considers appropriate.
Authorised signatories
The following persons be and are hereby appointed as authorised signatories on the Company’s bank accounts:
[authorised signatory 1]
[authorised signatory 2]
[authorised signatory 3]
Signing instructions
The Bank be authorised to accept instructions and documents in relation to the Company’s bank accounts:
[basis on which the bank can accept instructions]; and
in accordance with any mandate or authority agreed with the Bank from time to time.
Electronic and online banking
Any authorised signatory be authorised to:
register for and operate any electronic, online or telephone banking services provided by the Bank; and
designate users, access levels and transaction limits in connection with such services.
Bank mandates and documents
Any authorised signatory be authorised to sign, execute and deliver all bank mandates, account opening forms and other documents required by the Bank in connection with the opening and operation of the Company’s bank accounts.
Payments and transactions
The Bank be authorised to honour all cheques, instructions, transfers and other payment orders given in accordance with this resolution and the applicable mandate, whether or not the relevant account is overdrawn as a result.
General authority
Any director be authorised to do all acts and things which they consider necessary or desirable to give effect to this resolution.
About this template
What is this template?
Opening Bank Accounts is a free, ready-to-use Corporate Governance template you can open, customize, and download on GitLaw. It gives you a professionally structured starting point, so you never have to draft from a blank page. The wording is plain and modern, organized into clear sections that are easy to read, edit, and adapt to your own situation before you share or sign it.
When should you use it?
Reach for this Corporate Governance template whenever you need a reliable agreement quickly and want to be sure the essentials are covered. It suits individuals, freelancers, startups, and established businesses alike. Instead of paying for a document drafted from scratch, you can start here, tailor the details to your arrangement, and have a polished draft ready in minutes. This version is drafted with England & Wales in mind, though you should always review the final wording against the laws that apply to you.
What's typically included?
A well-drafted Corporate Governance usually sets out the parties involved, the scope of the agreement, and each side's rights and responsibilities. Expect sections covering key terms and definitions, how long the agreement lasts, how it can be ended, and what happens if something goes wrong. This template brings those building blocks together in a sensible order, so you can focus on the specifics rather than worrying about what to include. Open it to read the full document, then sign up to edit, negotiate, and e-sign it directly in GitLaw.