Saturday, November 7, 2009

How would I set up a checking account for a club or fraternity?

I was appointed treasurer of my fraternity for next year, and I need to figure out how I would go about setting up a checking account. What kind of checking account would I be able to set up, and what would I need to do so? Thanks.
How would I set up a checking account for a club or fraternity?
Visit a local bank branch and discuss your needs with a personal banker. S/He will be happy to help you find an account that best suits your needs. If your organization is non-profit, make sure you get a checking account with no fees. Also, you'll probably want to make sure that you and another person are listed on the account and checks require two signatures (keeps fingers out of the pot).
Reply:simple... just go to a local bank and tell the teller what it is you want and she should be able to help you... now if you are talking about big money than that is a different story.
Reply:Go to a bank and set one up. They will have the proper forms to start a NFP organizationaccount
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