Online Banking

From AFSWiki

The File:Online Banking Manual.doc is a resource for chapters and Teams to learn more about online banking.

STEPS FOR MAINTAINING YOUR ONLINE ACCOUNT(S)

Contents 1 Retain only $500 in local account. 2 Direct payment to Vendors and Volunteers 3 Wire Transfers 4 Scholarship Pledge/Payment 5 Contact Information

Retain only $500 in local account.

1. Request funds by completing a Chapter Transaction Form for what has been spent. Send this form and the corresponding receipts to the St. Paul office.
2. Depositing funds is done by completing a Chapter Transaction Form and sending the form and the check to the St. Paul office. Please indicate the reason for the deposit (i.e., excess funds or donations).

• Within 10 days after the conclusion of any event, any funds raised should be deposited at AFS-USA.
• If some of the profits are being used to replenish the local check account, a Chapter Transaction Form and receipts should accompany the deposit check. It is important to record the full amount of the funds raised.

Direct payment to Vendors and Volunteers

1. Complete a Chapter Transaction Form. (Make sure you indicate to whom the check should be made payable.)
2. Check will be sent directly to the vendor or volunteer.

Wire Transfers

This is for emergency use only. Bank charges for the wire will be subtracted from the chapter’s account.

1. Send request by e-mail to Suzanne Cook
2. Chapter Transaction Form and expense receipts should be sent to the St. Paul office within 3 (three) business days of the transfer.

Scholarship Pledge/Payment

To complete and fulfill a scholarship pledge to a participant account, complete the following:

1. Complete the transfer section of the Chapter Transaction Form; please remember to include the participant ID number. And the appropriate funds will be transferred to the participant’s account.
2. To fund a scholarship by check:

• Complete a Chapter Transaction Form, using a separate form for each participant. You must complete the deposit section and enclose the check.
• You must also complete the transfer section and the dollars will be transferred to the participant account.

Contact Information

| Suzanne Cook | Manager of Field Finance | ext 2245 | scook@afs.org