Different roles on business account

irlrobins

Hey,

I'm filling in some paperwork in relation to making some changes to an existing business account. Can you explain the differences between the director and signatory roles? As in, what does each role allow the named individual to perform in relation to the account?

Thanks
R

Bank of Ireland: Elaine

Hi irlrobins, 

Thank you for getting in contact with us here on Boards.ie 

The Director of the company is the actual named person of the company i.e. as listed on the company registration. The signatory is then anyone else who has signing authority to act on the account. 

The roles of these persons are decided when the account would have been set up in the branch. There are certain actions signatories can do, such as sign off on cheques however, this would depend on what way the authority would have been set up originally. 

To clarify the exact roles, it would be best to speak to your Business Advisor within your branch who will be able to clearly define this for you. 

You can find contact details of all our branches here. 

We hope this helps and if we can assist  with anything else, please don't hesitate to contact us again. 

Elaine 

irlrobins

Ok, thanks Elaine