Quote Originally Posted by SaintLouieWoman View Post
The previous treasurers played games with several accounts, thinking they were going to get more interest by doing so. The problem is that there were so many transfers necessary between accounts that sometimes the bank would hit us for a $35 fee. There never was that much money in the accounts, certainly not enough to justify the tiny amount of interest. It wasn't a good business decision. I got the board to agree to only one account to write checks and drop the other account.
We're not that fancy. One account, one membership drive per year, and I write maybe 5 checks a month on the account. No problem passing audits, since I've reassured the board that it would be dumb for me to embezzle from a bank account that's smaller than my own.