Booster Club Dormant Bank Account Policy: Review, Reactivation, and Closure Steps
A booster club dormant bank account policy is a written procedure that identifies which accounts are inactive, sets a timeline for review, and establishes whether each account should be reactivated with updated signatories or formally closed and its funds consolidated. Booster clubs frequently accumulate extra accounts over time — separate checking accounts for specific sports seasons, campaign funds opened for capital projects, memorial scholarship accounts, or legacy accounts from programs that no longer operate. When officer transitions happen and no policy governs those accounts, the organization can find itself with accounts nobody controls, funds nobody can access, and records nobody can reconstruct.
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