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Opening a Church Checking Account
in Accounting
Opening a checking account for your church? Here are several helpful hints:
- Request that the monthly bank statement cut-off date be the last day of each month.
- Discuss all the bank fees. Many banks have hidden fees.
- At least two people who are officers of the church should have check-writing authority.
When opening a checking account, most banks have three requirements. Be prepared with these things:
- Proof that those opening the account are officers of the church.
- Proof that the Board of Directors (or, in your case, Board of Elders) has granted checking-writing authority to those who sign the bank’s signature card. (The signature card is the bank’s record identifying those who have such authority.) Each person who has check-writing authority will have to visit the bank and present identification.
- Lastly, the bank will ask for corporate minutes confirming that the Board of Elders have elected these officers and granted check-writing authority to those particular individuals.
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