Jul 19 2024, 04:31 PM
QUOTE(homicidal85 @ Jul 18 2024, 06:27 PM)
Hi, my company wants to collect donations to help an employee with their medical bills.
the company already has insurance in place to help pay for the employee's medical costs but since this is a critical illness, there is an upfront payment that is quite high.
in past cases, we asked donors to transfer money to another employee's personal savings account. the bank blocked their account because of suspicion of money laundering.
so now we want to create an account for the committee to collect charitable donations to avoid any legal issues.
does anyone have any suggestion on the best way to do this?
do i need to register a society/club with RoS first?
which bank allows internet banking for charities? this is quite important so its easier to track money coming in and to facilitate transfer to the recipient.
Yes, you have to register a ROS for a charity first and then with the ROS documents open up a bank account (Maybank does that I know). the company already has insurance in place to help pay for the employee's medical costs but since this is a critical illness, there is an upfront payment that is quite high.
in past cases, we asked donors to transfer money to another employee's personal savings account. the bank blocked their account because of suspicion of money laundering.
so now we want to create an account for the committee to collect charitable donations to avoid any legal issues.
does anyone have any suggestion on the best way to do this?
do i need to register a society/club with RoS first?
which bank allows internet banking for charities? this is quite important so its easier to track money coming in and to facilitate transfer to the recipient.
Alternatively if the process is too tedious and long, you can always use GoFundMe - https://www.gofundme.com/en-gb
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