Registering with the gmRegistry & Opening your account in the gmLETSystem
In order to use the gmLETSystem and other LETSystems supported by the registry network you need to:
- register with a Registry (the gmRegistry is the first one to be fully operational with others under development) and
- open an account in gmLETS and any other LETSystem that you wish to use.
This applies whether you are seeking to open an account for a business, an organisation or simply as an individual.
Details are given below...
Registration with the gmLETSystems Registry
You need to register with GMLR before you can open an account in the gmLETSystem.
To do this you need to sign and return a Registry Aplication Form (a paper version of the Application Form below) and pay the registration fee to GMLR.
On registration, account-holders take out their own unique identifier (ID) of up to six letters. It's just like getting an e-mail address. Your ID is used to identify your account on the computer instead of an account number.
Once you have registered, the Registry will arrange to keep accounts for you, according to your instructions, for any LETSystems or other personal money networks you may wish to use (so long as they are part of the registry network)
Opening your account in the gmLETSystem
Once registered, you need to sign and return the gmLETSystem Account Holders' Agreements
Your personal gmLETS account is automatically opened and available for use when you have registered fully and signed the Account Holders' Agreements.
In addition to this, businesses are required to pay the gmLETS bussiness account opening fee before their account in gmLETS is opened for trading (in addition to the registration fee).
Please note that this is not payable to the gmRegistry but to the LETSgo Manchester development project.
Fees
The registration fee is £10.00 Sterling for all accounts.
(Please make cheques payable to 'gmlr'.)
No account opening fees for personal accounts.
The business account opening fee is £117.50 including VAT.
This is comprised of:
- a cheque for £67.50p in Sterling,
- and a transfer from your gmLETSystem account of gm£50.00
(Please make cheques payable to 'gmLDI-LETSgo')
Send your cheques, by snail-mail, to:
gmLETSystems Registry,
23 New Mount Street,
Manchester M4 4DE
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Comments to: rsl@letsgo.u-net.com
Revision #010 04-03-97 Compiled by Andy Blunt
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