The community strengthens the individual. The group account helps you manage the funds of your support group, no matter how many you are and how often members change.
The group account also allows self-help groups that are not an assosiation to manage common expenses and receive fundings
How can the group account be useful for self-help groups?
With the group account you can jointly manage money. A four-eyes or multiple-eyes principle is always guaranteed and the funds that are in the group account do not have to appear on your tax return.
Members, who should decide about the payments, can be nominated as payment deciders. Other members anyway have insight in the transactions.
Members, who are not active anymore, can leave the group with a click and the group account can be carried on by the other members or you can easily invite new ones.
With the elinor contribution we developed a fair fees model. You decide how much you want to contribute to the costs for the operation and development of elinor.
User feedback
The members of our support group come and go depending on their needs. Therefore, flexibility in accessing our account is very important to us. This is what the group account from elinor offers us.
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Support Group
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Informationsblatt für Selbsthilfegruppen
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Tips on how to manage money as a support group
Why do support groups need an account?
A support group sometimes incurs costs (e.g. for room rental), which are divided among the participants. Small amounts are often collected for this purpose. Using a cash register or a private bank account for this is not a good idea, because it does not give you a good overview. In Germany health-related support groups can also receive financial support from statutory health insurance companies. They are obliged to have their own account in order to apply for this, because funding may only be transferred to a separate account for the purposes of the support group.
How can support groups open an account?
For support groups that are a registered associations, opening their own bank account is not a problem because they are a legal entity. But the groups that don't have a legal form are unfortunately rejected by banks. With the elinor group account, we provide an alternative.
The group account for self-help groups
With the group account it is possible to manage money that is not tied to a private bank account. Several people can have access to the group account.
Create group account