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Thread: How to set up a bank account for your team?

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  1. #1
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    How to set up a bank account for your team?

    Hi all,

    How do you go about setting up a bank account for your team?

    When I was participating in another reeancting 501c3 non-profit group (SCA), each group's account was actually owned by the national organization - the chapter accounts were DBA (doing business as) only.

    Presumably the N-SSA is the same way? Presumably I need the N-SSA's Taxpayer ID number to open a 501c3 bank account as a chapter organization of the N-SSA? I don't think I want to open it under my own Social Security number...

    My bank is very accommodating with non-profit organizations and offers free checking accounts to them.

    Steve

  2. #2
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    Our account has always been under the Unit using the unit as the name with signers on the account.
    It was just a checking account and they changed a 1$ fee or something like that with no interest paid or real limits.
    When I got on it the account was under someone else so me and him went in to add me.
    All I needed was a DL.

    Don't know if the first person set it up using a SSN years ago or not.
    Maybe....

    I don't think the NSSA should let you use the tax ID number to set up accounts. Just something does not sound correct with that. Ask people in your region how they do it. They would be local and maybe have contacts and info that would apply to your region or state.

    One thing for sure have more than one person on the account. If they quit or die it locks up the money...
    Last edited by MR. GADGET; 1 Week Ago at 11:42 AM.
    MR. GADGET
    NRA LIFE BENEFACTOR MEMBER
    Rowan Artillery


    Just remember!
    When a pot needs stirring, someone needs to do it...

  3. #3
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    I've spoken to our regional commander but he did not know any more than I already knew - go set up a free non-profit account with the bank (we even use the same bank). But, the bank wants the non-profit information for setting up a bank account.

    Is everyone is setting up team accounts using personal financial information?

    Steve

  4. #4
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    You can get an Employer Identification Number (what you need for the account) from the IRS. It's an online application.
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  5. #5
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    You can get an Employer Identification Number (what you need for the account) from the IRS. It's an online application.
    This is true, but if you want to open a bank account as a chapter of a 501c3 nonprofit then you need the taxpayer ID of the 501c3 nonprofit. Just got back from the bank.

    I have just re-discovered the list of N-SSA officers on the Contact page of the N-SSA.org site; I will email the paymaster.

    Steve

  6. #6
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    Why worry with having it a 501? What good will it do.

    Most dont ever have a large account.
    MR. GADGET
    NRA LIFE BENEFACTOR MEMBER
    Rowan Artillery


    Just remember!
    When a pot needs stirring, someone needs to do it...

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