I run a community group which has an yearly fee to participate in. The funds are used to cover its own operating costs... no payments are made to anyone as it's all volunteered based. Currently the funds are held by a 3rd party and it's only accessed on a per need basis. So I ended up having to purchase things in my name and then I submit a receipt to get a refund.
I was wondering if there are any banks (US) that have accounts for small groups/clubs? I have searched online but can't find too much information about it. I wanted to be able just use a debit card and not have to submit receipts to get a refund. At the same time I didn't want the bank account in my name because then it would seem that I have an extra income, which I don't and I believe that could affect my taxes.
I am looking at the possibility of registering this group as a non-profit, but that's rather a costly and long process.