Document background
A Corporate Resolution For Bank Account is a fundamental document required when an Irish company needs to establish or modify its banking relationships. This document, governed by Irish law and complying with the Companies Act 2014, serves as formal evidence of the company's authorization to open and operate bank accounts. It is typically required by banks in Ireland when opening new corporate accounts, changing authorized signatories, or modifying banking services. The resolution must be properly executed following Irish corporate governance requirements and includes crucial details such as the authorized signatories, their powers, transaction limits, and approved banking services. It provides banks with assurance that the individuals conducting transactions have proper corporate authority and helps protect both the company and the bank in their financial dealings.
