Home > Membership & Services > Financial > Treasury
Close
On this Page:
Learn about the rewards of the IEEE Concentration Banking Program.
IEEE Concentration Banking participants
Rates shown here are for March 2013:
| USD Concentration Banking Accounts | CAD Concentration Banking Accounts |
| 0.27% | 1.0% |
- USD rate is reset monthly based on the six-month CD rate.
- CAD rate is reset monthly based on the six-month T-Bill rate.
Learn More:
- Wachovia Bank/Wells Fargo Bank Update 28 September 2009 (PDF, 10 KB)
- Wachovia Bank/Wells Fargo Bank Update 20 February 2009 (PDF, 14 KB)
- Wachovia/Citigroup/Wells Fargo Update 10 October 2008 (PDF, 14 KB)
- Wachovia Bank/Citigroup/Wells Fargo Update 6 October 2008 (PDF, 24 KB)
- Wachovia Bank/Citigroup Announcement 29 September 2008 (PDF, 26 KB)
What is the IEEE Concentration Banking Program?
The IEEE Concentration Banking Program offers all Geographic Units, conferences, and Standards Developing Committees a bank account with unlimited check-writing privileges, paying a higher rate of interest than traditional business checking accounts. The account works just like a normal checking account. You make deposits, write checks, and earn interest on the daily ending balance for the benefit of your IEEE unit or group.
The type of IEEE Concentration Banking account you have will be determined by the location of your IEEE operating unit.
- Regions 1 through 6 and Conferences: US Dollar account - Information & FAQ (PDF, 35 KB)
- Region 7 and Conferences: Canadian Dollar account - Information & FAQ (PDF, 23 KB)
- Regions 8 through 10: US Dollar Custody account - Information & FAQ (PDF, 32 KB)
A Concentration Banking (CB) Card is available for all IEEE Concentration Banking accounts. The CB Card (PDF, 526 KB) is a MasterCard credit card with debit features and can be used internationally wherever MasterCard is accepted.
IEEE Concentration Banking account statements and cancelled checks can be viewed online via the Concentration Banking Reporting System (CBRS) Web site. Because monthly statements are no longer mailed, Treasurers will receive e-mail notification each month when the statements have been finalized and are available for viewing.
Contact information:
IEEE Concentration Banking Program Staff
- E-mail: concentration-banking@ieee.org
- Phone: +1 732 562 5363
CB Card Program
- E-mail: cbcard@ieee.org
- Phone: +1 732 465 5802
