Re: quick question on nonprofit status
Re: quick question on nonprofit status
- Subject: Re: quick question on nonprofit status
- From: Jerry King <email@hidden>
- Date: Tue, 17 Feb 2004 09:51:16 -0500
We ran into the same thing here in Naples when we changed banks.
If we had stayed with our old bank there would not have been a problem.
Jerry
On 2/17/04 9:03 AM, "Chuck Joiner" <email@hidden> wrote:
>
> >We here at WhatMUG (Bellingham, WA), we are also sorting our way through
>
> >this question. One of the challenges we've encountered is that banks (at
>
> >least in our area) now have tighter security restrictions since 9/11
>
> >regarding who can open bank accounts. We wanted to set up an account just
>
> >in the name of our club with, but found that virtually all banks now require
>
> >the Social Security # of the person establishing the account.
>
> >
>
> >Our club Treasurer, however, is uncomfortable with having his personal SS #
>
> >attached to the account. We respect his concern. The only way we have
>
> >found around this issue is to establish the account in the name of
>
> >registered company, corporation or non-profit organization... in our case it
>
> >would be a non-profit organization.
>
> >
>
> >Anyone else encountering this issue?
>
>
That's a new one here, Mac, but it might be because we have been
>
established with our bank for a LONG time. We have a simple non-interest-
>
bearing checking account in the name of the organization, with two
>
authorized signatures.
>
>
Perhaps consider a smaller, local bank who is used to dealing with
>
community organizations???
>
>
---Chuck
>
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