Contingent Checking Accounts

To open a contingent checking account, follow 3012.3 – Contingent Checking Account Procedure.

Use the following forms and Memorandums of Understanding (MOUs) to open a contingent checking account:

• Custodian Fund Request Form
• Custodian Fund Agreement Form
• Custodian Fund Budget Form
• Bank Account Website Access Form (US Bank SinglePoint)
• New Bank Account Form
• Check Order Form
• MOU for Contingent Funds -Custodian
• MOU for Contingent Funds – Signer
• MOU for Contingent Funds – Reconciler

You will need to use the NR Number Generator tool to generate a unique number for your new contingent checking account.

Access NR Number Generator

To maintain a contingent checking account, follow 3012.3 – Contingent Checking Account Procedure for the main tasks.

Use the following forms to maintain a contingent checking account:

• Bank Reconciliation Worksheet
• Check Register Worksheet
• Custodian Fund Accounting Form

In addition, the following tasks may need to be completed at times:

Increase or decrease the authorized amount of a contingent checking account

• Custodian Fund Agreement Form
• Custodian Fund Accounting Form
• Custodian Fund Budget Form
• Justification for Changes to Custodian Funds

Increase or decrease the check limit on a contingent checking account

• Custodian Fund Budget Form
• Custodian Fund Accounting Form

Add or remove a Signer(s) on a contingent checking account

• MOU for Contingent Checking Account – Signers
• US Bank Authorized Signature Form obtained from Cash Management and signed by the signer of the account.

Order checks for a contingent checking account

• Check Order Form

Change a custodian for a contingent checking account

• Custodian Fund Agreement Form
• Custodian Fund Accounting Form
• MOU for Contingent Checking Account – Custodian

Change a reconciler for a contingent checking account

• MOU for Contingent Checking Account – Reconciler
• Bank Account Website Access Form (US Bank SinglePoint)

Change the name of a contingent checking account

• Custodian Fund Agreement Form
• US Bank Authorized Signature Form obtained from Cash Management and signed by the signer of the account.
• Check Order Form

Change the mailing address on the bank statement of a contingent checking account

• Justification for Changes to Custodian Funds

Change US Bank SinglePoint access

• Bank Account Website Access Form (US Bank SinglePoint)

To close a contingent checking account, follow 3012.3 – Contingent Checking Account Procedure.

Use the following forms to close a contingent checking account:

• Custodian Fund Accounting Form
• Check Shred Confirmation
• Bank Reconciliation Worksheet
• Check Register Worksheet