Branch Funds

Legion branches are being asked to bank all their funds over £1000 in a central bank account to be administered by head office. This will enable us to maximise the return and so ensure that the Legion can continue to provide much needed welfare services to our beneficiaries in the serving and ex-Service communities.

The interest being paid on centrally banked funds is 3.05 per cent (valid until end of March 2011).

Below are links to information about this new system. If you have any queries, please email Branch Funds.

Background Information

• Branch News - issued February 2007
• LegionLetter Special Edition - issued October 2007
• Branch Funds - the way forward - issued May 2008 
• Use of Legion Funds, Annex B - Board of Trustees Policy Statement
• Chairman's Letter, July 2008
• Updated Q&A document
• Finance Director's Letter, September 2008

Forms

• Form - Request for Branch to hold locally funds in excess of £1000
• Form - Deposit advice
• Form - Request for transfer of funds to Branch
• Form - Request for transfer of funds to other Legion activities