What is an unincorporated or incorporated club or association?
A club or association is a group of people who agree to act together as an organisation. There are two types of clubs and associations:
- Unincorporated: Not regarded as a legal entity. Usually a collection of people acting together for a common purpose (e.g., a social club).
- Incorporated: Considered a legal entity that exists separate from its members. It operates within a legal structure and must have a set of rules (e.g., a strata corporation or sporting club)
Step 1: Set up your business account
You'll need at least two but no more than four officeholders for this type of account. Officeholders include the president, chair, secretary and treasurer.
Do all officeholders have a personal account with People First Bank?
- Yes – Great! Proceed to the next step.
- No – At least one officeholder must have been a customer for a minimum of 12 months to apply for a club or association account. Any other officeholders who haven’t had their ID verified will need to visit one of our branches to do so.
Step 2: Start your business account
Business account application
If you would like to start your business account for your club or association, download and complete the business application form below. Have these documents ready when you get in touch with us.
Please note: All directors/trustees must sign the account application form.
Step 3: Finalise your business account
Once you’ve completed the application form, please bring it with you when you visit one of our branches to open your business account.
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