ATG letter: My bank manager won’t be closing client account
I was interested to read the article about smaller auction houses having to close client accounts due to some banks tightening their rules (ATG No 2555 ‘Banks close down client accounts’) despite it being a fundamental requirement of their membership of NAVA and SOFAA designed to protect buyers and vendors at auction.
I flagged the report to our manager at HSBC and I received nothing but a positive reply.
I was as…