Inform the bank that you wish to open a checking account for a nonprofit organization. The bank will provide you with forms that need to be signed by the officers. They will also require either a social security number or a Federal Tax Number. Shop around the banks for requirements and the free items for organizations such as free checking, no monthly charges, etc. It s also suggested that more than one member of the chapter be authorized to sign checks.
Some chapters require two signatures on each check written.
If you later receive a Federal Tax Number, present your letter from the Federal government to a bank officer and request that this number be used instead of the social security number. A W9 form will have to be completed. Information for Canadian Chapters Register the checking account in the chapter name. Use the name of an officer or officers as signing authority. If the money is kept in a checking account and does not earn interest, filing with the income tax department will not be necessary.