What type of bank account must a PAC maintain?

Upon registration, political committees must designate a campaign depository. PACs have a wide range of options here. In general, checking accounts that are insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration will be sufficient.

PACs are entitled to maintain multiple accounts at multiple banks in multiple states. Sometimes maintaining multiple accounts will be required, depending upon the nature and status of a PAC. However, for most PACs, a single checking account will be sufficient.