No matter how much your troop plans on saving or spending, you’ll need a safe place to deposit your troop dues, product sale proceeds, and other funds. If you’ve stepped up to lead an existing troop, you may inherit a checking account, but with a new troop, you’ll want to open a new bank account.
Here are a few helpful tips:
- Be sure to find a bank that has free checking and low fees.
- Designate a “troop treasurer,” that is, one person who is responsible for troop funds and for keeping a daily account of expenditures.
- Ensure your account comes with a debit card that you can use during activities or trips. These transactions are easier to track at the end of the year.
- Be prepared like a Girl Scout, and make sure another troop volunteer has accessible a debit card for the troop account in case the main card is lost.
- Handle a lost troop debit card the same way you would a personal debit card: cancel it immediately.
- Keep troop funds in the bank before an activity or trip, and pay for as many items as possible in advance of your departure.
As an authorized signer on a troop account, you are expected to comply with GSDH Troop and Service Unit Funds Policies as well as the Troop/Service Unit Authorized Account Signer Responsibilities. Prior to adding yourself or another volunteer as an authorized signer to a troop bank account ensure you are familiar with these policies and responsibilities. Once you have identified two (2) registered and approved Girl Scout adults to be signers on the troop bank account follow the steps outlines on How to Open a New Troop/Service Unit Checking Account.