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PTO Debit Card Policy-Anyone?

16 years 10 months ago #130491 by OntheGoPTO
We live in a very rural area with trips to get PTO Afterschool art supplies requiring driving an hour to 1 1/2 hours to get to AC Moore/Michaels/Target. That's just a recent example. Many online companies also offer discounts if you buy online with a credit card instead of sending a check or setting up an account with them. I feel pretty confident ordering online using a debit card or credit card as I've been shopping online for about 13 years now and have never had a problem.

To help eliminate problems, one thing we will be working into the Debit Card policy is a daily spending limit set up by the bank. I REALLY appreciate everyone's input - pros and cons. Thanks!
16 years 10 months ago #130475 by TreasurerMom
I was kind of surprised to see so many PTOs use them.

I can't ever foresee that I would be in favor of our PTO having one. I don't even use my own personal debit card for online purchases. When I was with a co-op preschool we were advised by an auditor to not even have a credit card.

We've never had anything that urgent that couldn't be arranged in advance, and if I am forewarned, I can turn around a reimbursement check the same day as a purchase.

For that matter, we would never be using PTO funds to pay for lunch for volunteers either.
16 years 10 months ago #130457 by mommytlc
I really want our group to get one as well. I get so tired of waiting for our treasurer to give me checks to pay for things. We took our volunteers out to eat in January, and I had a check to pay for everything. Quite to my surprise they wouldn't even accept the check. Luckily, our PTO Vice President had her debit card on her. Having a debit card would have eliminated an embarassing situation. I think it would make life alot easier.
16 years 10 months ago #130450 by FLPTAMOM
We also have a debit card. First time this year. It has been wonderful. It saves sooo much time. We do not have to worry about coordinating schedules to meet up w/ Treasurer.
Our treasurer has it set up to monitor the account online so he can immediately be aware if anything illegal is occuring.
16 years 10 months ago #130432 by my3strongtikes
We use ours the same as Serendipity and Lovemykids. The president holds it and must turn in all receipts for our purchases.

Cindy<br />
<br><br />
<br>____________________________________________<br />
<br>&quot;People have the right to be stupid, but some abuse the privelege.&quot;
16 years 10 months ago #130426 by Bertha
Since our group had issues in the past, I'd be very leery of getting a debit card. I'm afraid if the wrong person got hold of the card or number, by the time we'd find out they would be half way to Jamacia!
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