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

Email: concentration-banking@ieee.org
Phone: +1 732 562 5363

CB Card Program

Email: cbcard@ieee.org
Phone: +1 732 465 5802

IEEE Concentration Banking current interest rates

Rates shown here are for August 2021:

USD Concentration Banking Accounts CAD Concentration Banking Accounts
0.32% 0.17%


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