Sammelkonto

Sammelkonto, literally “collective account,” is a type of bank account used to pool funds from multiple contributors into a single financial repository. It is typically established by associations, clubs, schools, or campaigns to collect membership dues, event proceeds, donations, or project contributions. The funds are usually managed by a treasurer or appointed administrator on behalf of the group, and disbursements are made according to predefined purposes or budgets. Contributors typically transfer money to the Sammelkonto rather than to individual members.

A Sammelkonto is distinct from a joint account (Gemeinschaftskonto) held by multiple individuals with shared access; in a Sammelkonto the account is owned by an organization or trustees, and the group retains control over the funds within established rules. It may overlap with treuhandkonto (escrow or fiduciary) arrangements when funds are collected for a third party or until conditions are met.

Administration and governance should include clear rules on contributions, authorized disbursements, audit trails, and reporting. Regular statements, receipts for donors, and transparent accounting help with compliance for tax purposes and donor expectations. In some jurisdictions, donations to charitable organizations may qualify for tax deductions, requiring proper documentation.

Advantages include simplified administration for group finances, easier pooling of resources, and clearer budgeting. Risks involve potential mismanagement, lack of transparency, and possible commingling of funds; implementing good governance, written policies, and independent audits mitigates these issues.

Examples include a sports club using a Sammelkonto to collect membership dues and sponsorship funds, a student association gathering contributions for a trip, or a charity running a fundraising campaign.

See also: Gemeinschaftskonto, Treuhandkonto, Spendenkonto, Vereinskonto.