Do candidates need separate bank accounts for both the primary and general election?

The issue of whether a candidate needs to establish separate bank accounts for both the primary and general election can depend on whether your contribution limits apply per election.

For example, if the contribution limits are different then fundraising for the primary election and fundraising for the general election are separate. If this is the case, a candidate may need to establish separate bank accounts for each election.

A candidate may need to notify their committee chairperson of the different bank accounts used for each election, so that the chairperson knows which account to use to raise funds for the different purposes.

Check your relevant federal, state, or local finance law.

Category: Raising Money
Tags: banks, finance
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