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Checking Account question

17 years 5 months ago #127646 by my3strongtikes
Working as a bank teller for awhile, anyone can deposit into an account but you have to be autorized to withdraw. The bank probably just did the transfer normally especially being she knew the account number.

Just be sure she is not an authorized person to withdraw.

As for the 6th grade funds we have one PTO account but we know what being held off to the side for a particular thing such as that. Your prinicpals was right in keeping it all in one place.

cindy

Cindy<br />
<br><br />
<br>____________________________________________<br />
<br>"People have the right to be stupid, but some abuse the privelege."
17 years 5 months ago #127618 by JHB
Replied by JHB on topic RE: Checking Account question
Definitely you want to make sure she doesn't have the ability to draw out funds or change account information. But generally one doesn't need to have any account authority to make a deposit as long as you know the account number.

A complete stranger could deposit money into your account.
17 years 5 months ago #127598 by PTOMomof three
writermom...

You are right and I will tell the Treasurer to do that first thing!!
I do not think she is but who knows!

Thank you very much :-)
17 years 5 months ago #127596 by writermom
I think that if she is not on the account as an authorized signer, she can't withdraw money. The current signers--your treasurer and secretary it sounds like--might want to make a trip to the bank and check on who is on the signature card, and make sure it is only current term board members.
17 years 5 months ago #127594 by PTOMomof three
JHB...

Now that she is a member not a Board Member, she shouldn't have access to the account any longer. I am Co-Chair and I do not have access or for that matter tha account number. Don't get me wrong I am not scorned becasue she has or had access to the checking account. That is not my job in the PTO. Everyone on the Board was mad that she did this. For one, yes she didn't do what was asked of her. We were under the usumption that the Treasurer and a second person usually the Secratary are the only ones to have access to the checking account. Now we know that one of the Co-Chairs from last term still has the account who else has the account number? It makes this terms treasurer very nervous. She is the one resposible for those funds, and is very worried as to how many people could potentially "withdraw" from that account, and we don't know who it is or prove who it is.

Like I said in my opening, we have had issues with the old board letting their term go and we don't want to make waves but when do we say enough is enough?
17 years 5 months ago #127592 by JHB
Replied by JHB on topic RE: Checking Account question
I'm not clear why you are so upset. Yes, she should have called and worked it out the way you asked. But at least it's done and over with.

It doesn't take much authority to put money IN to an account, so there's much less control in place for that side.

Are you concerned the amount might not be correct? Is there a way you can verify that the entire amount remaining in the old account was deposited?

I agree she didn't respond, didn't allow you to be part of the process as you requested. Certainly that's irritating. But what part do you consider stepping "over the line"?
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