What you need to open a bank account depends on how your team or club is set up and each bank’s policies. Banks need to collect a lot of information to prevent financial crimes and comply with federal regulation.

Since LHSA is incorporated as a 501(c)(3) Non-Profit,  you will need to provide the following to open a checking account:

1. An Employer Identification Number (EIN) and sometimes the EIN verification letter from the IRS
   A Tax ID, also known as an Employee Identification Number (EIN), is required by banks to open an account for a team or club that is distinct from you personally. The EIN is a unique number that identifies the organization to the Internal Revenue Service. To apply for an EIN, complete an "SS-4" application through the Internal Revenue Service. You can request an EIN from the IRS and receive an EIN verification letter in PDF format in minutes. The process is easy and can be completed online. Note: if you are unincorporated, you can choose "View Additional Types, Including Tax-Exempt and Governmental Organizations" on the Identify step.
   
   
2. Two Forms of Identification & Social Security Number for Each Person on the account
   

   The bank you choose you to create the team account. Each person who will be on the account will need to be present and bring two forms of identification. One of the forms of identification most commonly will need to have a photo, such as a driver's license or passport. Each person will also need to know their social security number, as this will be a part of the account paperwork. Check with the branch to confirm acceptable forms of ID.  

3. Copy of LHSA Articles of Incorporation/Organization or 501(c)(3) Nonprofit Status Letter from the IRS
   

   LHSA is incorporated; you will likely need to provide a copy of LHSA 501(c)(3) status from the IRS to prove your team is part of a non-profit. You can obtain a copy of this from Ernie Cerone, Treasurer/Club Administrator, by emailing him at [email protected].

4. A minimum deposit
   The bank my require you to deposit a certain amount to open the checking account.

How does my team get reimbursed for related expenses? 

Requests for checks should be emailed to Ernie Cerone, Treasurer/Club Administrator, at [email protected]  and should include the following information;

• Check made payable to
• The amount
• Detailed reason for the check. 

 All check requests will be ready 5 to 7 business days from the date of the email.  An email will be sent to you once the check is ready for pick.  If a check is needed before the 5 to 7 business days, please indicate its urgency on the email and every effort will be made to accommodate the request.