Ubuntu Wiki

Rule number one: KISS - Keep It Simple Stupid!

Really need a bank account?

• How many times has money from other volunteers needed to pass through your personal bank account?

So you really need a bank account?

Minimalist structures often suffice. In Belgium and many other non-US countries, it is possible to open a bank account for an informal organisation without too much of a formal structure in place. You just need to clearly convince the bank of a few things with a small written statement:

• this is a non-profit, not a money laundery
• there is at least some process in place to decide who gets to be in

charge of the money

• the people with access to the bank account are not likely to change a lot

Transparency earns trust from donators

• publish _all_ monetary transactions to the web:
  • anonymise this information only where needed
  • publish both cash and bank transactions (small amounts paid for making flyers, small donations in cash during events, etc.)