Benefits of having a SABS bank account:

• No minimum balance
• No service fees
• No holds on deposits
• Event services and supplies
• Budgetary advice
• Accounting assistance
• Competitive interest rates
• Personal attention

Conditions to have a SABS bank account:

1. Your organization must be registered on UConntact.
2. Your organization must complete a SABS Banking Contract for the current fiscal year as follows:
   • The Treasurer, President, and Advisor are required signers.
   • A fourth signer is required.
   • A fifth signer is optional.
   • All signers must be listed as Executive Officers on UConntact.
3. The Treasurer must complete the following workshops, if they have not already done so:
   • SOLID Treasurer Training – online workshop (available after August 1).
   • SABS Treasurer Training – online workshop (available after August 1).

Follow these steps to open a new SABS bank account:

1. Register your organization on UConntact as a Tier II organization:
   • Submit constitution and roster to Leadership & Organizational Development.
   • Consult Leadership & Organizational Development with any questions regarding registering your organization.
2. Once registered on UConntact, complete a Banking Contract which includes listing your beneficiary and their contact information:
   • These forms and directions to complete them are found on the Virtual Front Desk page of the SABS website.
   • Submit a banking contract following the above guidelines every fiscal year.
   • Banking contracts are effective beginning July 1 (or the date it is approved by SABS) and expire on June 30 each year.

Follow these steps to reactivate an existing SABS bank account:

1. Re-register your organization on UConntact:
   • Contact Leadership & Organizational Development to discuss any necessary steps to be taken.
2. Once re-registered on UConntact, complete a Banking Contract and certify your beneficiary information is correct and up-to-date or select a new beneficiary:
   • These forms and directions to complete them are found on the Virtual Front Desk page of the SABS website.
   • Submit a banking contract following the above guidelines every fiscal year.
   • Banking contracts are effective beginning July 1 (or the date it is approved by SABS) and expire on June 30 each year.