How to open a campaign bank account

So you are ready to run for office and wondering what’s next in your plan? It is stepping up a bank account. This is a fairly straightforward process.

Campaign bank account set up

The most important step in running a successful campaign is collecting donations. In order to accept money from supporters you will need to open a campaign bank account. Political committees must establish a bank account. This is required for many reasons, including helping keep committee funds separate from personal funds. 

Best banking practices for political campaigns

The bank account must be a national bank, a state bank, or a FDIC or NCUA insured institution. The name and address of the bank will be listed on the committee’s Statement of Organization depending on the office you are running for. Whatever bank you feel most comfortable with as long as it meets the requirements will work. 

Employer Identification Number or EIN

Political committees may obtain an “Employer Identification Number” online using the IRS website or completing IRS Form SS-4. If you prefer to go old school you can call 800-829-4933 to get assistance with the application. Once you have your EIN you are ready to open the bank account. 

The bank account must be opened using the committee’s Employer Identification Number. You should never open a political bank account using your individual Social Security Number. The reason for this is because you need to keep the political donations from your campaign separate from your personal account.

Opening a checking account

A good rule is to check and double check your chosen bank’s requirements in opening a checking account. Different banks have different requirements for the initial deposit. Bring the deposit, your EIN, a way of identifying yourself such as a driver’s license, and any additional paperwork you have identifying you as a political candidate. You will sign some terms and conditions and be rocking and rolling in no time. 

Now that you have a political bank account, what’s next?

You will need to link that bank account to a donation platform. We recommend that you look at WinRed.

Basic Plan

Most frequent questions and answers

Why choose Ryvall?

While other web design options exist, Ryvall is built exclusively for campaigns. While other drag and drop website editors can make a beautiful site, they fall down when it comes to function. From day one, your site will collect valuable emails and volunteers that you can download easily. Additionally, Ryvall provides every candidate managed updates, so you never have to fiddle with the back end of your site. Instead, just send us an email and we will handle the updates for you, making editing your site painless. (Of course if you’re a tech savvy campaign that wants the freedom of access to the backend we can provide that as well).

What is included in the basic plan?

Every plan includes your domain name registration and hosting. Our hosting is backed by the Google Cloud Platform, delivering incredible reliability. Each site also includes a free SLL certificate. We handle all of the technical details so you don’t have to manage any hosting accounts and get lost in technical jargon.

What do I need to get started?

You will need to set up a way to accept contributions, write a short candidate biography, and have some kind of slogan for your campaign. With those items we can get a site up and running in three business days. Many candidates will also want to write short statements on the issues that are important to their campaign, as well as have professional photos taken. We can build a functional site with as little or as much content as you want.

Do basic plans include email?

Basic plans do not include email accounts. Instead, your website has a contact form that will be directed to the personal email of your choice, providing constituents a way to get in touch. If you need more advanced email features, consider upgrading to a standard or premium plan.

What design options come with the basic plan?

To start, you can select from three custom templates that are designed specifically for campaigns. Each template is mobile responsive, so your site will look great no matter what. With a basic plan you can upload a logo and select custom colors, or pick from one of our easy ready to go color palettes.