Administration 6: Banking Costs
Posted on 28 October 2014 by Education Finance
The Revenue Team has noticed a huge increase in schools using multiple paying in slips when banking income at the Post Office and the Bank. DCC are charged in excess of £1.25 per paying in slip.
Please be aware of the cost of banking to the Authority and carefully consider how often you need to bank and do not use multiple paying in slips when one will do. In an effort to reduce the Authorities bank charges schools who continue to use multiple sheets will have this charge passed on to them via an Internal Bill. This will take affect from 1st December 2014.
Sue Causon
Finance Manager
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