How do I create a checking account for a charity/ in memory of a loved one?

Answer 1

Sass & Class,

Okay, there's a few ways you can do this... The proper way is for you to first file a Fictitious Name Statement with your local County Clerk Office in the name of the charity/organization. If you go this route, you'll want to write up a "bylaw" or some kind of simple "operating agreement" that outlines what the charity/organization is for, who is involved, etc. After that, you will want to get an EIN number from the Department of Treasury (IRS). You can actually call them directly and they will give you an EIN number over the phone - make sure to tell them that your "entity" is a non-profit organization / charity.

Now if all of this is too complicated for what you need, then you can also open a personal checking account and entitle it with the name of the person that you want the monies to go to. Please be aware that if you do this, YOU are responsible for the collected funds and any tax liability that is out there.

Lastly, your local bank (try Wells Fargo, BoA or even Washington Mutual) should be able to open up a simple Non-Profit or Basic Business checking account for you in the name of the deceased. Most likely they are going to ask for some documents to prove that the entity that you have created is indeed a non-profit (please reference above).

If you have any other questions, please ask! I am a Business Banker for a nationwide financial institution.

Regards and good luck!!!

A.R. Pouretezadi

Answer 2

Call your local bank manager. They know what is needed from the family to open the account.

Answer 3

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Answer 4

You can't. That is called forgery. You have to go to a bank and let the bankers do it.

Answer 5

Your local bank can help you set one up.

Answer 6

go to the bank. they do it all the time

Answer 7

go to a bank...tell them what you would like to do...see what they suggest