Nonprofit Business Checking

Nonprofit Business Checking

Summary

This account is created for nonprofits with higher balances and transaction volumes. We offer an analyzed checking account with the chance to offset service charges based on your daily balance.

And there's no monthly maintenance fee. Sign up for checking that's tailored specifically to your organization's needs.

Details:

  • Flexible business checking account tailored to the needs of nonprofit 501(c)3organizations
  • Ideal for nonprofits with higher transaction volumes or bigger balances
  • Minimum opening deposit of $100 required
  • No monthly maintenance fee
  • Includes earnings credits to offset other service charges
  • Earnings credit is calculated on each $100 of your organization's investable balance*
  • Option to include online cash management services
  • Streamline accounting
  • Free up time spent on administration
  • Free online banking and bill pay
  • Free Northeast Bank Visa® debit card
  • Free Northeast Bank mobile banking
  • Free eStatements
  • $2 fee per paper statement
  • Earnings credit applied toward the following fees:
  • Each deposit — 40¢
  • Each item deposit — 10¢
  • Each check/debit drawn on account — 20¢
  • Each return item — $4
  • Each stop payment — $25
  • Currency and coin order (per $1,000) — $1.50
  • Standard fees apply for other bank services

*Your collected balance less a 10% reserve required by federal law.