Directions for starting a chapter bank account:
To start a bank account, your chapter will need an EIN number to prevent any officer’s personal social security number from being attached to the account.
To apply for an EIN:
Visit https://sa.www4.irs.gov/modiein/individual/index.jsp and click Begin Application.
View Additional Types, Including Tax-Exempt and Governmental Organizations
If none of the above fit what you are establishing, there are several others to choose from.
Select Community/Volunteer Group. It states that many of these groups need an EIN for banking purposes only.
Complete the basic information requested. Once completed, you should automatically be assigned your EIN. Take this information to a local bank to open an account. Your bank may require a letter
of good standing from the National Alumni Association. If such letter is requested, email firstname.lastname@example.org.