Opening Team Bank Accounts
When opening up a small business or community bank account to manage your team's budget and expenditures, Financial Institutions will request a letter from our Association which will provide authorization and indicate APRA's non-profit status.
Please contact the APRA Secretary to request a letter on APRA letterhead authorizing the account opening.
- When emailing the Secretary, indicate the individuals that will be the authorized signers on the account, as well as their position on the team (e.g. Manager, Team Treasurer, etc.).
- It is strongly recommended that all APRA team bank accounts are set up so that any withdrawals, cheques, etc. require two authorized signers.
- APRA is not responsible for the management of any team bank accounts. Teams are encouraged to provide their groups with regular financial updates (e.g. team budgets, status of team bank accounts).