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Closing & Opening new account..HELP!!!!!!

22 years 2 months ago #56948 by Chrystal70
Replied by Chrystal70 on topic RE: Closing & Opening new account..HELP!!!!!!
We were in the same boat two years ago when I took over as President. We did not have to vote to change banks. We contacted local banks to see which ones would work best for us and we found we got a better deal at our new bank and the new treasurer and I along with the principal (who is also on the account) withdrew the money from the old bank and deposited it into the new one.
At the next meeting when the old board came just to cause a stink about the change we cut them off at the pass and announced the reason for the change and the benefits we were getting at the new bank and we stole their thunder. It was no big deal and the membership don't really care where we bank and trust that we are finding the bank that will work best for our group. ;)
22 years 2 months ago #56947 by Bear
This year our school has a totally new board. The past Treasurer had the checking account so screwed up, checks and deposits were never entered, we had to wait for 2 months statements to try to figure out the balance. The new board decided the best thing to do would be to close out the account and open a new one. We opened the new account, but have not completly closed the old one. Now the old board members are so ticked that they are no longer on the board, which they have been for years and totally controlled everything not allowing anyone in, are saying according to the by laws we could not leaglly close the account and open a new one. I checked our by laws and nothing there says such a thing. Does anyone know if the Robert Rules states such a thing. Our first meeting is Monday night and we were told they were going to hit us with it then. I would like to be prepared for them. Everyone on this site is so helpfull, I was hoping someone might know. Thanks. :confused:
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