What does charity foundation sn account mean?
Some banks will open SN accounts for some foundations to accept donations. This kind of account can be supervised by the bank according to the supervision agreement, and the subsequent fees need to be paid according to the purpose agreed in advance. In other words, the foundation has no right to interfere with who and how to pay the money. SN account is a charitable donation account, and SNI is the green exemption channel code of SN account. After accepting donations, such charitable accounts can be diverted according to the requirements of donors. A foundation refers to a non-profit legal person established in accordance with the provisions of these regulations by using the property donated by natural persons, legal persons or other organizations for the purpose of engaging in public welfare undertakings.