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Selecting the right bank
January 30, 2023
Q. As our company grows through acquisition, we accumulate new bank relationships. Some are quite small and others well known. Is there any guidance available to help us develop a policy around minimum requirements that must be met for establishing bank relationships?
A.
(Answered by the IOFM Advisory Panel)
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Our Treasury department requires that all companies we acquire in 90 days period change the bank account to the Financial Institution we use. Treasury handles the transition. They…
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