What are the requirements for Calmony account names and nominated business accounts?
The account name must be the client's registered company name. Clients must also provide a nominated business account to cover banking fees.
Note: This article is intended for internal staff use only and is not intended for clients.
Account name: The Calmony client account name must match the client's registered company name. The account is linked to the legal entity in Griffin, and whilst the account name can be changed after setup, it must initially reflect the registered name.
Nominated business account: Clients must provide a nominated business account. This is the account used to collect banking fees and is separate from the client money account itself.
Account name changes: If a client needs to update their account name after it has been set up (for example, following a company name change), this can be amended via the account settings within Griffin.