In the Workday system, organizations have both a SAFAC Program and a Non-SAFAC Program. SAFAC Programs are accounts into which SAFAC directly deposits approved funds. Unused funds from this account are returned to SAFAC at the end of the academic year. Non-SAFAC Programs are accounts into which organizations deposit their own funds earned via fundraising, dues, or donations. These funds remain in the account each year.
For more information on the various types of accounts available to student organizations, visit the Student Organization Handbook located at www.miami.edu/handbook.
**Note: Student organizations are not allowed to open accounts with outside banks.