Lowest Monthly Maintenance Fee ; Easily waive monthly maintenance fee ; First Check Order at No Cost ; No-Charge Transaction Items
Non-Profit Checking Account ; Investing in our community ; Save for big things ; Online Banking ; Simplify Merchant Services
1) Total assets, total liabilities, and equity are based on bank accounts. 2) The current net profit corresponds to the current net profit after reserve for credit losses (cumulative to current month). 3) The BIS ratio is the ratio of equity to risk-weighted assets (weighted average based on the risk level of each type of asset), an international indicator to determine the adequacy of capital in preparation for unforeseen losses of banks. * Minimum compliance ratio (Article 26 (1) 1 of the Regul...
Manage your funds with a non-profit bank account. Our interest-bearing accounts help you handle every day expenses while earning a little extra.
Designed specifically for non profits, the Truist Community Checking account allows you to bank more for less, with no monthly maintenance fee.
The best banks for nonprofits have low fees and plenty of online banking features. We cover the top banks to help you find the right one for your organization.
No initial deposit requirement ; No service charge if the average daily collected balance is at least $20,000.00 (if the average daily collected balance falls below $20,000.00, there is a $15.00 service charge per statement cycle) ; Limit five hundred (500) items* per statement cycle; items in excess of this limit will each be assessed a $0.25 fee
Features of Non-Profit Organizations (NPO) ; Service Motive: These organizations are set up with the motive of providing service to their members or a specific group or the general public. These services are mainly free or for a minimum charge. Majorly these organizations work on the welfare of society, promotion of art and culture, advancement in education, relief to the poor, preservation of environment and monuments, or advancement of any object of general public utility. Members: These organizations are formed as charitable trusts, societie ...
Our Nonprofit Clients Take Advantage of the Following Services: Investment Management Services · Convenient Deposit Services · Planned Giving and Charitable Trust Administration · Comprehensive Customized Administration and Reporting · Integrated Commercial Banking Services · Custodial Trust Accounts and Services · Specialized Administrative Services
When you decided to pursue a career in the non-profit sector, you unlikely wanted to do nonprofit accounting work. It’s hard to feel the difference you’re making if you spend the day on spreadsheets and compliance. Fortunately for you, it’s common practice for small and large organizations to outsource to outside accounting firms or volunteers. But before you delegate or take on this task yourself, it’s important to have a high-level understanding of accounting for nonprofit organization...