Business Office

Business Affairs

Student Organizations Bank Accounts

It is the policy of Daemen College that student organizations and their moderators not open checking accounts off campus as we have over the years had numerous situations with both the misuse of these accounts and problems involved when student signatories either graduate or leave the College without assigning new signatories. In particular, student organizations are not allowed to use the College's Federal Tax ID number in any economic activities.

To assist student organizations with their banking needs, we set up separate lines within the Student Association account structure and process their deposits and expenses through the Business Office.