Okay... I took a vacation day and went to St. Mary's Bank Tuesday morning. The account rep that was "on duty", while nice and apparently eager to help, was also rather clueless. There was some question (in her eyes) about the type of account we could get, as we're not a for-profit business, but we're also not an IRS-registered 501(c) organization yet, either.
More significantly, she told me that two-signature checks (such that two people have to sign a check for it to be considered properly authorized) are no longer offered at St. Mary's Bank. She said they used to be offered, but are no longer. I mentioned that the phone rep I talked to last week said they were offered. I then sat and watched as she phoned somebody, and allegedly verified they are not available. I'm going to call the central switchboard again, hopefully tomorrow, and see if I can get some kind of independent verification, as the in-person rep did not instill me with confidence. She did give the paperwork needed to open the account -- the forms that supposedly didn't exist Saturday. So we can proceed with opening... some sort of account... if we want to. Oh, but we have to agree to a bunch of terms and conditions she couldn't/wouldn't print for me. At this point, I'm questioning whether St. Mary's is a good choice. I haven't gotten the same answer to a question twice yet. Supposedly they have a good reputation, but I'm not getting a warm fuzzy feeling. Do we want to consider an alternate? http://wiki.gnhlug.org/twiki2/bin/view/Organizational/BankAccount On 10/23/07, Bill McGonigle <[EMAIL PROTECTED]> wrote: >> * Interest bearing at 0.30% APY > > Typically a small non-profit wants an interest-free account. Er, yes. This came up during the last board meeting. The phone rep said this could be declined. But see above. -- Ben _______________________________________________ gnhlug-org mailing list gnhlug-org@mail.gnhlug.org http://mail.gnhlug.org/mailman/listinfo/gnhlug-org/
