Pooled safeguarding or client money accounts are used to hold money on behalf of multiple customers, also known as members of the pool. You are responsible for making sure membership of the pooled account is accurate and up-to-date.
To onboard a limited company, you will need to capture information about the company itself and also verify the identities of any company directors or people with significant control (PSCs).
Before you can hold money in a Griffin bank account on behalf of a sole trader, you will need to onboard them.
Before you can hold money in a Griffin bank account on behalf of an individual, you will need to onboard them.