I spoke to a rep at St. Mary's Bank (http://www.stmarysbank.com/)
about their "Community Checking" account package.

* Interest bearing at 0.30% APY
* It should be okay that we are registered with the state but have not
yet applied for Federal non-profit status
* They do offer two-signature checks
* Basic checks cost about $15
* No minimum balance requirement
* 100 free debit transactions per month, then $0.45/transaction
* No other fees or special requirements

  To open the account, all we need to do is have one person bring the
paperwork.  Simple photocopies of the photo ID of each signatory,
along with their signatures on the forms, is sufficient; everyone need
not appear in person.

  I will go to a branch tomorrow morning and pick up all the needed forms.

  The phone people weren't sure about declining the interest;
apparently that's an unusual request.  I will see if I can find out
more tomorrow.  Is this a deal-breaker?

  Who do we want to be the signatories?  Just the President (Ted
Roche), Secretary (Bill Sconce), and Treasurer (myself)?

  Assuming just those three, I am willing to courier the paperwork to
each signatory to get this done.  I have this weekend open, and also
the morning of Tue 23 Oct (I have it off from work for personal
reasons, but those reasons leave the morning free).  Also the evening
of Mon 22 Oct after 6:30 PM or so.

-- Ben
_______________________________________________
gnhlug-org mailing list
gnhlug-org@mail.gnhlug.org
http://mail.gnhlug.org/mailman/listinfo/gnhlug-org/

Reply via email to