Savings club agreement template
Fill in your club's numbers and get a written agreement for your san or tanda that you can copy and share with the group before the first payment.
Most problems in a savings club come from something that was never written down. This tool turns your club's numbers and rules into a short agreement the whole group can read and accept before starting.
Change any field and the text below updates. Nothing you type here is saved or sent anywhere.
Agreement of Our club
- Our club is a savings club with 10 members. Each member pays $100 every month, for 10 cycles. The pot paid out in each cycle is $1,000.
- The quota is due on the 1st of each month. The pot is paid out on the 5th of each month to the member whose turn it is.
- Each member commits to paying every quota until the last turn has been paid, including after receiving their own turn.
- A payment made more than 3 days after the due date is late and carries a fee of $10.
- Payments are sent to the organizer by Zelle, bank transfer or cash. Every payment is reported with proof.
- The order of turns is agreed before the first payment and shared with all members. Two members may swap turns if both agree and tell the organizer beforehand.
- A member who needs to leave before receiving their turn tells the organizer as soon as possible. What they paid in is returned when the club ends, and the group decides who takes the turn.
- A member who has received their turn and stops paying still owes the group the remaining quotas.
- The organizer keeps a record of all payments that any member can consult.
- Anything not covered here is decided by a majority of the members.
Accepted by the members on: ____________
This template is a practical starting point, not legal advice. If your club handles amounts that are significant for its members, consider having the agreement reviewed by someone qualified where you live.