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Learn about the rewards of the IEEE Concentration Banking Program.

 

What is the IEEE Concentration Banking Program?

The IEEE Concentration Banking account works like a standard checking account. You make deposits, write checks, and earn interest on the daily ending balance. You can view your statements online and will receive a Concentration Banking Card, complete with debit features, which can be used internationally wherever credit cards are accepted (type of card received is dependent on account type).

The features include:

  • account is available in either US Dollars (USD) or Canadian Dollars (CAD);
  • banking supplies are provided free of charge;
  • Bank by Mail: if a Wells Fargo branch is not in your area, postage-paid, Bank by Mail envelopes are provided for your convenience (for USD accounts only);
  • access to online statements 24/7;
  • no fee, incoming wire transfers;
  • easy transfer of funds between Concentration Banking accounts;
  • concentration-banking@ieee.org: one stop for all of your banking inquiries and requests.

Integrates with the following IEEE services:

Access Your Account

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
 

 
 

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IEEE Concentration Banking current interest rates

Rates shown here are for July 2014:

USD Concentration Banking AccountsCAD Concentration Banking Accounts
0.24%0.98%

 

  • USD rate is reset monthly based on the  1-year CD rate.
  • CAD rate is reset monthly based on the six-month T-Bill rate.

 
 

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Concentration Banking Account Types

Read this document for information on:

  • Region 1–6 and Standards Developing Committees;
  • Region 7;
  • Custody Account – Region 8–10;
  • Conferences.

Concentration Banking FAQs

Read this document for information on:

  • opening a new IEEE Concentration Banking account;
  • making a deposit;
  • ordering additional supplies;
  • adding or changing authorized account signers;
  • accessing online statements;
  • transfer of funds;
  • other questions.