On Tue, 12 Aug 2008 18:43:34 -0400
"William L. Thomson Jr." <wltjr@g.o> wrote:

> On Sat, 2008-08-02 at 07:55 -0500, gibbonsr-ml@...
> wrote:
> >
> > Another option, that might be fit our role more is some direct or online
> > banking. ING.com is one of the biggest ones. Capital One is another one 
> > but I don't care for them as a company ..  personal preference. That 
> > would get by the problem of having to be close by.
> 
> Looks like Capital One is a winner. We only have to provide them with
> whom ever we want on file as authorized signers. We do not have to put
> on file all officers. No one has to go to NM, or anything physical.
> Because they offer direct bank accounts, accessed purely online.
> 

Now, that is great news.  Thanks for all the effort you've put in on
this.

> Someone does have to open the account by providing personal information.
> Followed by the Foundations info, EIN, address, etc. From there we can
> change authorized signers by sending in a letter requesting such. Only
> hard part will be priming the account, but otherwise. We should be able
> to proceed with them.
> 

Clearly, I think, the treasurer needs signature authority and should
probably open the account.  I think we should have at least 2 with such
authority.  Any officer or trustee can serve for the second (or third
or however many we want).

I don't really want signature authority.  But I'll take it if that's
what it takes to move forward.  I can even open the account if no one
else wants to, but if so, I'll need the personal information for other
signatories and access to funds to get us started.
> No idea on fees, etc. That stuff is pretty moot to me. Since we really
> have no others to shop around or compare on. I can check a few others,
> but really getting tired of spinning wheels. I just assume bite the
> bullet and go with Capital One. Till we have reason to go or look else
> where.
> 
> -- 
> William L. Thomson Jr.
> amd64/Java/Trustees
> Gentoo Foundation
> 

Thanks again,
Regards,
Ferris

--
Ferris McCormick (P44646, MI) <fmccor@g.o>
Developer, Gentoo Linux (Sparc, Devrel, Userrel, Trustees)