Advantages of a SABS Bank Account
- No minimum balance
- No service fees
- No holds on deposits
- Event services and supplies
- Budgetary advice
- Accounting assistance
- Competitive interest rates
- Personal attention
Guidelines to open or reactivate an organization’s bank account at SABS:
Guidelines to open or reactivate an organization’s bank account at SABS:
1. Your organization must be registered on UConntact.
2. Your organization must complete a Banking Contract for the current fiscal year as follows:
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- The Treasurer, President, and Advisor are required signers.
- A fourth signer is required.
- A fifth signer is optional.
- All signers must be listed as Executive Officers on UConntact.
3. The Treasurer must complete the following workshops, if they have not already done so:
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- SOLID Treasurer Training – online workshop (available after August 1).
- SABS Treasurer Training – online workshop (available after August 1).
Opening a New Account
Follow these steps to open a new SABS bank account:
- Register your organization on UConntact as a Tier II organization:
- Submit constitution and roster to Leadership & Organizational Development.
- Consult Leadership & Organizational Development with any questions regarding registering your organization.
- Once registered on UConntact, complete a Banking Contract which includes listing your beneficiary and their contact information:
- These forms and directions to complete them are found on the Virtual Front Desk page of the SABS website.
- Submit a banking contract following the above guidelines every fiscal year.
- Banking contracts are effective beginning July 1 (or the date it is approved by SABS) and expire on June 30 each year.
Reactivating an Existing Account
Follow these steps to reactivate an existing SABS bank account:
- Re-register your organization on UConntact:
- Contact Leadership & Organizational Development to discuss any necessary steps to be taken.
- Once re-registered on UConntact, complete a Banking Contract and certify your beneficiary information is correct and up-to-date or select a new beneficiary:
- These forms and directions to complete them are found on the Virtual Front Desk page of the SABS website.
- Submit a banking contract following the above guidelines every fiscal year.
- Banking contracts are effective beginning July 1 (or the date it is approved by SABS) and expire on June 30 each year.