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Folio deposits
When sending member payment checks to Folio, where our club
has an account, does each member need to have an account
too?
On Mon, Nov 14, 2011 at 11:07 AM, Alyce Johnson <mar.johnson@comcast.net> wrote:
When sending member payment checks to Folio, where our club
has an account, does each member need to have an account
too?

Hi Alyce,

No. Your club members do not have to have an account with Folio to send their checks directly to your club account or use electronic bill pay from their bank accounts. Here are the instructions you need to set this up:

https://www.bivio.com/hn/folio-Investing-Deposits.html

However, if they do open Folio accounts you can grant them access to your club Folio records. It is free for them to set up a Folio account as long as they don't fund it.

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