Click on the tabs below for information on Political Action Committee accounts.
For business Client Information File (CIF) requirements, click here.
For Opening a New Political Action Committee Account, click here.
Definition
A Political Action Committee (PAC) is a committee formed by business, labor, or other special interest groups to raise money and make contributions to the campaigns of political candidates whom they support. The committee treasurer will request a bank account.
Required Documentation to Open Account
A completed copy of FEC Form 1 Statement of Organization.
See Reviewing Business Legal Documents for more information.
Tax Identification Number (TIN)
The Political Action Committee's Employer Identification Number (EIN) is used for Internal Revenue Service (IRS) reporting.
Account Titling
- Title the account in the Political Action Committee name. Note: The client's name auto-populates in the Customer Name field (for example: PAC name).
Ownership / Signature Requirements
The signature card with all authorized signer(s) signature above their names in the Signatures section is required.
Signature Card Example
