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Home COFSAB Forum Condo Owners Forum Q&A How to open bank account for condo corp? Reply To: How to open bank account for condo corp?

  • Karen

    Administrator
    April 10, 2022 at 6:40 pm

    Posted: 06/11/2021 7:40 am

    GibsonT

    Apologies for the late reply Carl.  Computer/user issues on my part.  You were obviously dealing a junior person at the bank.

    In my career, I learned how important it is to have two people authorize a disbursement/cheque.  Otherwise, there is a serious risk of loss.

    Canadian Condominium Institute (CCI) Southern Alberta chapter lost over $40K that way in the last 5 years.

    Please spread the word!
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