Can our reserves and building fund actually earn yield?
Yes. Balances that sit in traditional school checking earning nothing can be held in accounts that pay competitive yield, with funds available when needed. Rates are variable and not guaranteed — but the difference from zero is real money for a typical institution.
Is 613OS a bank?
No. 613OS is a financial technology company, not a bank. Banking services are provided through partner financial institutions, and account details, terms, and applicable protections are disclosed during setup.
Can we separate campaign money from operating funds?
Yes. Dedicated sub-accounts keep the building campaign, scholarship fund, and operating money visibly separate — cleaner for the board, the auditor, and the donors who gave for a specific purpose.
How does this connect to the rest of the platform?
Tuition, donations, and event revenue settle directly into your accounts, and payroll and vendor payments flow out — one connected picture of money in and money out, reconciled to the records that explain it.