A key part of financial transparency is access to banking information. We selected one of the few national banks that specializes in HOAs and Condo banking. We use this bank to provide operating accounts since as they interface with our accounting systems to provide online payments and checks mailed directly to the bank’s lockbox (a check processing center that captures check images during nightly deposits). Three main benefits to using one of these specialty banks is they allow multiple board members as signors as well as online access to view bank accounts and typically don’t charge a monthly fee. Read the article……………………
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Kelly, If the board decides to change any rules shouldn’t those rule changes be placed…