Changing Bank Accounts
- By Marti Johnson
- In Local Chapter Officers
- March 1, 2019
- Comments Off on Changing Bank Accounts
At the first of each year newly elected officers often consider opening new checking accounts at locations more convenient to them. Although at first thought this seems like a good idea, there is much more to the process of opening a new account than many officers realize. Therefore, we strongly discourage officers from closing existing bank accounts.
There are several reasons we advise this. Consider that a new location may be more convenient for you, but that may not be true for officers in the coming years. It could also delay your chapter’s receipt of the quarterly reimbursement. And banks do not readily open the type of account necessary for AAPCCA local chapters. Because of national security regulations, all banks require documentation that is not readily available to officers.
For this reason, we have established a relationship with Wells Fargo. Carolyn Hambleton serves as the contact for the officers as well as the bank, ensuring that all chapters are receiving the same services. Also, at the end of the year when signers on the account change, Carolyn can handle all this for you online. This has been proven to save hours of work for officers. So, before you make any changes at all to your checking account, please contact Carolyn at carolyn.hambleton@aapc.com.
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