8 Best Banks for Nonprofits in 2023
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
This article is part of a larger series on Business Banking.
The best banks for nonprofits should provide your company with free or low-fee checking. Some of these banks will have accounts specifically for nonprofit businesses, which have limited fees that can be easily waived or avoided. Banks without specific nonprofit accounts offer lower-tier checking products with limited fees and business support products that can help a nonprofit meet its goals. All of the providers here support community organizations like yours and will help grow your nonprofit business.
Here are the eight best banks for nonprofits, with links directly to provider sites:
- Truist†: Best overall for nonprofits for no cash deposit fees and most free transactions
- Bank of America: Best for nationwide access to business checking and ongoing rewards
- U.S. Bank: Best for nonprofits with irregular transaction schedules due to fundraising events
- Wells Fargo: Best traditional bank for small nonprofits
- PNC Bank†: Best for nonprofits wanting financial wellness programs for staff
- Chase: Best for large, high-volume nonprofits needing premium checking
- Bluevine*: Best for earning a high annual percentage yield (APY) with no banking fees
- TIAA Bank: Best for earning interest regardless of account balance
*Bluevine is a business financial technology (fintech) platform backed by Federal Deposit Insurance Corp. (FDIC)-insured Coastal Community Bank.
†Providers are geographically limited. Jump to the Truist Bank geographic limitations and PNC Bank geographic limitations to see if your business is located in an area served by these banks.
Best Banks for Nonprofits at a Glance
Account Name | Monthly Fee | Free Monthly Transactions | APY | Free Cash Deposit Limit | |
|---|---|---|---|---|---|
 | Community Checking | None | 225 | N/A | No limit |
 | Fundamentals Business Checking | $16; waivable | 200 | N/A | $7,500 per month |
 | Nonprofit Checking Account | None | 1,800 per year | 0.005% | $30,000 or 300 transactions per year |
 | Initiate Business Checking | $10; waivable | 100 | N/A | $5,000 per month |
 | Non-profit Checking | $5; waivable | 150 | N/A | $5,000 per month |
 | Business Complete Banking | $15; waivable | 20 | N/A | $5,000 per month |
 | Business Checking | None | No limit | 2.0% on balances $250,000 or less | None free; $4.95 per deposit (Green Dot) |
 | Non-profit Checking | $14.95; waivable | No limit | Up to 2.00% | Cash deposits not accepted |
Truist: Best Overall for No Cash Deposit Fees & Most Free Transactions
What We Like
- No monthly fees for Community Checking
- Unlimited fee-free cash deposits
- Most free monthly transactions of banks with free transaction limits
Drawbacks
- No APY
- Opening deposit required
- Branches in only 15 states and Washington, D.C.
Features
- Free personalized debit card
- Make real-time transfers, deposit checks via mobile, and view account statements online
- Online and mobile banking
- Financial Wellness program for employees
- Physical checks available with a $25 discount on first order
- Integrations with Quicken, QuickBooks, Truist Merchant Services, and Zelle
- Toll-free customer service available Monday to Friday 8 a.m. to 8 p.m. Eastern time and Saturday 8 a.m. to 5 p.m. ET
- Other services include savings, credit cards, lending, and insurance
 | |
|---|---|
Required Opening Deposit | $100 |
Required Balance Minimum | None |
Transaction Limit Before Fees | 225 monthly, then 35 cents per transaction |
Automated Clearing House (ACH) Fees | None |
Monthly Fees | None |
Domestic Wire Transfer Fees | Up to $65 for outgoing; $15 for incoming; other fees may apply |
International Wire Transfer Fees | Up to $70 for outgoing; $20 for incoming; other fees may apply |
ATM Fees | Free at Truist ATMs $3 at domestic non-Truist ATMs $5 for international ATMs |
Cash Deposited | Unlimited fee-free cash deposits |
APY | N/A |
Truist Bank geographic limitations: Truist Bank requires accounts to be opened at a branch location, which are located in Alabama, Florida, Georgia, Indiana, Kentucky, Maryland, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, and Washington, D.C.
When To Use Truist
Thanks to no cash deposit or monthly fees with its Community Checking product, Truist is our overall best bank for nonprofits. When compared to other banks with a limited number of free monthly transactions, Truist allows the most (225 per month) while charging the least for extra transactions (35 cents each). It offers free online bill pay and easy digital account management.
Cash withdrawals from a Truist ATM are free, while out-of-network charges are $3 domestically and $5 internationally, plus third-party ATM fees.
The biggest drawback is that Truist is a regional bank located in the east, southeast, and Great Lakes regions of the US. It operates in 15 states and Washington, D.C., and you need to visit a branch to open an account.
Bank of America: Best for Nationwide Access to Business Checking & Ongoing Rewards
What We Like
- 200 free transactions per month
- Free digital tools to track business performance
- Ongoing rewards
Drawbacks
- Cash deposit fees charged per $100 over monthly allowance
- Doesn’t offer ATM fee reimbursements
- Requires a $100 opening deposit
Features
- Deposit checks, view accounts, make transfers, and pay bills with the mobile app
- Credit card processing and payroll services through ADP
- Cash Flow Monitor®, a cash management tool, lets you connect accounting, analytics, and payroll apps to help you make business decisions
- Check your business credit score through a partnership with Dun & Bradstreet
- Free debit card
- Physical checks’ cost varies depending on type ordered
- Integrations with QuickBooks, TurboTax, and Zelle
- Customer service during business hours in branch and via phone or via social media messages
- Merchant services available through Expensify
- Other products include business savings, certificates of deposits (CDs), lending products, and financial analysis through Merrill financial advisor
 | |
|---|---|
Required Opening Deposit | $100 |
Required Balance Minimum | None |
Transaction Limit Before Fees | 200 monthly, then 45 cents per item |
ACH Fees | May vary |
Monthly Fees | $16; waivable if conditions are met |
Domestic Wire Transfer Fees | Fees vary |
International Wire Transfer Fees | Fees vary |
ATM Fees | None at approximately 15,000 ATMs nationwide; $2.50 per transaction on out-of-network ATMs |
Cash Deposited | Up to $7,500 per month free, then 30 cents per $100, per statement cycle |
APY | N/A |
When To Use Bank of America
Bank of America doesn’t have a dedicated nonprofit checking account, but its Fundamentals Business Checking is a good choice for nonprofits. It has waivable monthly fees with up to $7,500 in free cash deposits each month.
While you don’t get as many free transactions as Truist or U.S. Bank, the big advantage Bank of America has is its accounts are available across the US, compared to the other two banks, which are regionally limited. If Bank of America had unlimited free cash deposits, it would likely edge Truist as best overall.
If your nonprofit grows and you need more free transactions or cash deposits each month, you can upgrade to Bank of America’s Business Advantage Relationship Banking; read our comparison of Bank of America’s business checking to see which account is best for your nonprofit business. Your Bank of America banking advisor can help guide you to the right account for your needs.
Bank of America also offers outstanding ongoing rewards. You can earn up to $500 cash back with qualifying actions, in addition to cash back and travel rewards through the company’s business credit cards. You can earn 25% to 75% bonus rewards on credit cards and get a 5% to 20% higher interest rate on business advantage savings accounts.
Growing nonprofit businesses can also take advantage of outstanding business savings, CDs, lending products, and financial analysis through Merrill financial advisors. Bank of America provides everything your business needs as it changes, making it one of the best banks for small businesses.
U.S. Bank: Best Bank for Nonprofits With Irregular Deposit Schedules Due to Fundraising Events
What We Like
- 1,800 free transactions per year
- No monthly maintenance fees
- Up to $30,000 free cash deposits annually
Drawbacks
- Must talk to a representative to open an account
- Branch locations limited in some areas
Features
- Send and receive money through the app
- Digital invoicing and payment systems integrated into your online dashboard
- Mobile app to monitor all of your accounts, transfer funds between accounts, and deposit checks online
- Easy integration with overdraft protection or credit card processing services for your business
- Free debit card and 50% off first check order up to $50
- Integrations with QuickBooks and U.S. Bank payment processing
- Customer service available online, by phone or in-branch
- Other products include lending, cash flow, two other business checking products, point-of-sale (POS) solutions
| |
|---|---|
Required Opening Deposit | $100 |
Required Balance Minimum | None |
Transaction Limit Before Fees | 1,800 annually, then $0.50 per transaction |
ACH Fees | None |
Monthly Fees | None |
Domestic Wire Transfer Fees | $40 for outgoing; $14 for incoming |
International Wire Transfer Fees | $75 for outgoing; $15 for incoming |
ATM Fees | No charge for out-of-network ATMs, although operator fees apply |
Cash Deposited | Limited to $30,000 or 300 transactions per year; 30 cents per $100 after |
APY | 0.005% |
When To Use U.S. Bank
For nonprofit organizations with large occasional fundraising events or inconsistent deposit and transaction schedules, U.S. Bank is a great choice for a nonprofit checking account, it has one of the best nonprofit accounts on the market.
Unlike other providers on this list with monthly limits on free transactions and cash deposits, U.S. Bank has annual limits. This makes its nonprofit business checking ideal for a business that might run large events a couple of times a year and therefore might not have a consistent amount of transactions month-to-month.
U.S. Bank offers up to 1,800 free transactions annually (average of 150 monthly). You can deposit up to $30,000 in cash for free each year (average of $2,500 a month) or 300 transactions, whichever comes first.
Wells Fargo: Best Traditional Bank for Small Nonprofits
What We Like
- Designed for small nonprofits
- Large branch network in much of the US
- Access to more than 12,000 ATMs
Drawbacks
- Requires an opening deposit
- Only 100 free monthly transactions
- Charges monthly fees
Features
- Add your business logo to debit card and checks
- Deposit checks, pay bills, and view balances through the mobile app
- Online and mobile banking
- Fraud protection controls
- Features merchant services, including POS solutions
- Integrations with ADP and Clover
- Toll-free customer service available Monday to Saturday 7 a.m. to 11 p.m. ET and Sunday 9 a.m. to 10 p.m. ET
- Other products include savings, CDs, lending, credit cards, and merchant services
| |
|---|---|
Required Opening Deposit | $25 |
Required Balance Minimum | None |
Required Balance Minimum to Waive Monthly Fee | $500 minimum daily balance or $1,000 average ledger balance |
Transaction Limit Before Fees | 100 monthly, then 50 cents per transaction |
ACH Fees | None |
Monthly Fee | $10; waivable |
Domestic Wire Transfer Fees | $30 for outgoing; $15 for incoming |
International Wire Transfer Fees | $45 for outgoing; $16 for incoming |
ATM Fees | Free at 12,000-plus ATMs nationwide; $2.50 per out-of-network transaction |
Cash Deposited | Up to $5,000 free per month, then 30 cents per $100, per statement cycle |
APY | N/A |
When To Use Wells Fargo
For small nonprofits with a limited number of monthly transactions, Wells Fargo and its Initiate Business Checking may be a great choice. It is low-cost banking as long as you don’t exceed free transaction limits.
Additionally, if you have a minimum daily balance of at least $500 or an average ledger balance of $1,000, the $10 monthly fee is waived. However, you are limited to just 100 free monthly transactions, and excess transactions are 50 cents each. So, if you are a nonprofit that exceeds 100 monthly transactions regularly, you should consider Bank of America or Truist instead.
With more than 4,500 branches and 12,000 ATMs nationwide, Wells Fargo’s biggest advantage is accessibility. It is also a full-service bank with business savings, CDs, business lending products, credit cards, and merchant services. It even offers 24/7 fraud monitoring and zero-liability debit card protection.
PNC Bank: Best for Nonprofits That Want Financial Wellness Programs for Staff
What We Like
- Easy-to-waive monthly fee
- 150 free transactions each month
- Designed specifically for nonprofit organizations
Drawbacks
- No APY offered on checking balances
- Banking limited to 28 states and Washington, D.C.
- Expensive wire fees
Features
- Online and mobile banking with bill pay
- Free PNC WorkPlace Banking for Employees financial wellness program for your employees
- Free Visa debit card with cash back rewards
- Deposit checks, pay bills, and view balances through the mobile app
- Integrates with QuickBooks, Xero, Intacct, and NetSuite
- Features PNC Merchant Services®, including ecommerce and in-person solutions
- Cash Flow Insight® tools help manage cash flow
- Toll-free customer service available Monday to Friday 7 a.m. to 10 p.m. ET, Saturday and Sunday 8 a.m. to 5 p.m. ET
- Other products including credit cards, lending, and merchant services
 | |
|---|---|
Required Opening Deposit | $100 |
Required Balance Minimum | None |
Required Balance Minimum to Waive Monthly Fee | $500 |
Transaction Limit Before Fees | 150 monthly, then 50 cents per transaction |
ACH Fees | None |
Monthly Fee | $5; waivable |
Domestic Wire Transfer Fees | Up to $13 incoming; up to $95 outgoing |
International Wire Transfer Fees | $20 incoming; up to $135 outgoing |
ATM Fees | $3 for out-of-network ATMs, although operator fees apply; free access to more than 19,000 ATMs nationwide |
Cash Deposited | $5,000 monthly, then 30 cents per $100 deposited |
APY | N/A |
PNC Bank geographic limitations: PNC Bank requires a Non-Profit Checking account to be opened at a branch location, which are located in Washington, D.C., or one of 28 states―Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, and Wyoming.
When To Use PNC Bank
PNC Bank’s biggest perk with its Non-Profit Checking is access to financial wellness tools, including webinars and seminars. This can be made available to your employees through WorkPlace Banking for Employees, a program that they have to sign up for. To learn more about this, visit PNC’s WorkPlace Banking for Employees page.
As long as you have an average monthly collected balance of $500, the monthly maintenance fee of $5 is waived, and PNC waives the monthly maintenance fee for the first three months—regardless of balance. You get up to $5,000 in free cash deposits each month and up to 150 free transactions.
PNC also offers business credit cards, business lending products, and merchant services to businesses that need them. While geographically limited, such as Truist and U.S. Bank, PNC Bank is more widely available than both banks. Branches are available in 28 states and Washington, D.C. If your nonprofit business is located in one of the areas listed above, you can get an account with PNC.
Chase: Best Bank for Large, High-volume Nonprofits Needing Premium Checking
What We Like
- Up to $500 bonus when you open an account
- Easy-to-waive monthly fee
- Built-in card acceptance with QuickAccept℠ via the Chase MobileⓇ app
Drawbacks
- Limited number of free transactions
- ATM fees not reimbursed
- Fee for cash deposits of more than $5,000 per statement period
Features
- Manage debit, deposit, and ATM card settings for individual employees
- Deposit checks, view account balances, pay bills, and make transfers through the mobile app
- Integrates with QuickBooks and other leading accounting software
- Free debit card, mailed within 10 business days of application approval
- Physical checks’ costs, depending on type ordered
- Chase Merchant Services
- Live customer support online or in branch during business hours
- Other products include business savings, CDs, lending products, credit cards, merchant services, and collection services, and collection services
 | |
|---|---|
Required Opening Deposit | None |
Required Balance Minimum | None |
Transaction Limit Before Fees | 20 monthly, then 40 cents per transaction |
ACH Fees | $25 for first 25 items per month, 15 cents per item above 25 per month, $2.50 return fee |
Monthly Fees | $15; waivable if conditions are met |
Domestic Wire Transfer Fees | Up to $35 for outgoing wires, up to $15 for incoming wires |
International Wire Transfer Fees | Up to $50 for outgoing wires, up to $15 for incoming wires |
ATM Fees | $3 per transaction at any non-Chase ATM, plus ATM operator fees |
Cash Deposited | $2.50 per $1,000 after you deposit $5,000 in a billing cycle |
APY | N/A |
When To Use Chase
Like Bank of America, Chase doesn’t offer a specific nonprofit business checking account. However, by choosing Chase, you’re getting a bank with a full range of business support products that can help your nonprofit, regardless of size. It is also one of the best small business checking accounts.
If you have a large nonprofit with a high number of transactions and cash flow, it may be the best option in this guide as it has the best premium checking product on the market with its Platinum Business Checking account. You can learn more about it by reading our review of Chase’s Platinum Business Checking.
If you have a small nonprofit, Chase can also help you with its Business Complete Banking product. Our comparison of Chase’s business checking products can help you determine which is best for your nonprofit.
Chase also has industry-leading lending products, including credit cards and lines of credit, and through J.P. Morgan, it provides commercial solutions if you have a large nonprofit with high cash flow and transaction volume. Those solutions include commercial real estate loans, payment services, cash flow management, commercial credit cards, and merchant services. Chase also offers excellent point-of-sale and software solutions.
Bluevine: Best for a High APY With No Banking Fees
What We Like
- Interest-earning checking on balances of $250,000 or less
- Integrates with QuickBooks
- Excellent line of credit product
Drawbacks
- No savings, money market, and certificate of deposit (CD) accounts
- No physical branch locations
- Only one debit card is issued per account
Features
- No monthly maintenance fee
- No minimum balance requirement
- Free debit card and two free checkbook orders per year
- Integrates with QuickBooks and Xero
- Connects with business payment solutions, including Stripe, PayPal, and Expensify
- Has live customer support from dedicated professionals
- Offers line of credit
| |
|---|---|
Required Opening Deposit | None |
Required Balance Minimum | None |
Transaction Limit Before Fees | No limit |
Automated Clearing House (ACH) Fees | None |
Monthly Fees | None |
Domestic Wire Transfer Fees | $15 for outgoing, none for incoming |
International Wire Transfer Fees | $15 for outgoing, none for incoming |
ATM Fees | Free at MoneyPass locations nationally; $2.50 plus operator fees for nonnetwork ATM use |
Cash Deposited | $4.95 fee per transaction, available through Green Dot retail locations |
APY | 2.0% on balances of $250,000 or less, once qualifications are met |
*Bluevine is a business fintech platform backed by FDIC-insured Coastal Community Bank. | |
When To Use Bluevine
Bluevine doesn’t offer a specific nonprofit checking account and doesn’t have all of the banking products as some of its competitors in this guide. However, it features an outstanding business checking product and the best small business line of credit.
It is a digital-only bank that provides a high-yield, interest-bearing checking account. You can earn 2.0% APY on balances of $250,000 or less with Bluevine business checking—as long as you either spend $500 monthly with the debit card or receive $2,500 in customer payments in a month.
It also provides two free checkbook orders per year. There are no monthly or transaction fees, and it requires no minimum opening deposit and minimum balance. It also provides great software integrations.
What’s more, Bluevine allows you to send international payments to 26 countries in eight currencies. Payments sent in United States dollars (USD) cost $25 per payment, whereas payments sent in other currencies cost $25 plus 1.5% of the payment amount. View Bluevine’s list of countries available for international payments.
However, nonprofits that handle cash regularly may want to consider another option. Cash deposits with Bluevine cost you $4.95 per transaction and can only be done at a Green Dot retail location. Also, it charges $2.50 for out-of-network ATM withdrawals in addition to third-party fees.
TIAA Bank: Best for Earning Interest Regardless of Account Balance
What We Like
- Earn an ongoing APY on any balance
- Bank completely online
- Overdraft protection
Drawbacks
- Minimum balance of $5,000 to waive monthly fee
- Opening deposit of $1,500
- Only nine branches in Florida
Features
- Also offers business money market and CD accounts
- Remote deposit available for nonprofits needing to deposit a lot of checks
- Merchant services available
- Free Visa debit card
- Integrations with QuickBooks and Elavon Payment Solutions
- Toll-free customer service Monday to Friday 8 a.m. to 5 p.m. ET
- Other products include CDs and money market accounts
| |
|---|---|
Required Opening Deposit | $1,500 |
Required Balance Minimum | None |
Required Balance Minimum to Waive Monthly Fee | $5,000 average daily balance (ADB) |
Transaction Limit Before Fees | None on overall transactions; 10 free online bill payments monthly, then 50 cents each |
ACH Fees | None |
Monthly Fee | $14.95; waivable |
Domestic Wire Transfer Fees | $25 for outgoing; none for incoming |
International Wire Transfer Fees | $35 for outgoing; none for incoming |
ATM Fees | Free at 80,000-plus ATMs nationwide; no charge out of network (third-party fees may apply) |
Cash Deposited | Cash deposits not accepted |
APY | Up to 2.10% (check current rates) |
When To Use TIAA Bank
If you want to earn interest with your business checking regardless of account balance, TIAA Bank is a great choice. Its Non-profit Checking earns interest from the first dollar with no cap on earnings.
However, it can be pricey. You need at least $1,500 to open an account, and you must keep a minimum balance of $5,000 to waive the $14.95 monthly fee. If you can easily meet these thresholds, the account is one of the best on this list.
Interest earnings are tiered, with the highest earnings for the highest balances. You can earn 1.35% APY on balances up to $50,000, and 2.10% on balances above and including $50,000.
TIAA Bank has fee-free ATM withdrawals from more than 80,000 ATMs in its network. It doesn’t charge out-of-network fees, but third-party operator fees may apply.
One drawback is its limited locations—TIAA has just nine branches in Florida. Otherwise, it is an online-only bank. If you don’t have access to one of those branches, you cannot make cash deposits, so nonprofits handling cash regularly should choose another option from this guide.
How We Evaluated the Best Nonprofit Bank Accounts
We understand that nonprofit organizations desire banking with as few fees as possible. To choose the best nonprofit bank accounts, we looked for institutions that have accounts specific to nonprofits and prioritized banking fees, accessibility, and features like bill pay and lending. If an institution didn’t offer a nonprofit-specific account, we looked at how their products and services stacked up compared to others with a specific account.
When To Use a Local Bank or Credit Union
The benefit of choosing a local bank or credit union over a traditional or online bank is the ability to build a local relationship. Nonprofits often find it easier to go to local credit unions and community banks for sponsorships, grants, and donations.
In some cases, banks will determine their donation decisions by whether that nonprofit is a customer or not. If a solid community relationship is more important to you than having a large bank network, a local bank or credit union is the best option.
What To Consider When Choosing a Bank for Your Nonprofit Business
While we used our own criteria to select the best nonprofit bank accounts for this guide, here are some things you should consider before making a selection:
1. Choose a Bank With Limited or Waivable Fees
Because your business isn’t making a profit, you want to reduce expenses as much as possible. This includes when choosing your business checking account. You want to make sure that if the bank charges waivable fees, you can meet the criteria to get those fees waived. In addition, be mindful of free transaction and cash deposit limits. Those can cause unexpected expenses if you exceed those thresholds regularly.
2. Find a Bank With a Dedicated Nonprofit Account
While many great options on this list are standard business checking accounts, the banks that offer true nonprofit accounts should be able to meet your needs best. They understand the challenges nonprofits face and offer products and services geared specifically toward them.
Truist, U.S. Bank, PNC Bank and TIAA offer specific nonprofit accounts in this buyer’s guide. However, all those accounts except TIAA are geographically limited, so be sure to see if your business is in a region served by one of those banks.
3. Consider a Bank Invested in Your Nonprofit’s Mission
If you are a mission-driven nonprofit business, find a banking provider that also believes in your mission. If your nonprofit is about making a difference in your community, your bank should be doing the same. This makes community banks and credit unions a great alternative to large national banks. Many of those local banks may have the same goals as your nonprofit.
4. Determine if You Need a Physical Location
Some nonprofits may need to make regular cash deposits or want to meet with their personal banker in person frequently. In those cases, you should choose a bank with physical locations and a bank with locations close to where your business operates.
For nonprofits that don’t deal in cash regularly or businesses that conduct most transactions online, a digital-only bank with cutting-edge technology and great software integrations may be preferred.
What You Need to Open a Business Bank Account
Each provider listed here may require different documents to open a business bank account. Generally, you will need:
- Employer identification number (EIN) or Social Security number if you’re a sole proprietor
- Fictitious business name certificate or doing-business-as (DBA) certificate
- Business formation documents
- Organization documents, including your ownership agreements
- Business licenses
- Government-issued photo ID, such as a passport or driver’s license
For a downloadable checklist of documents banks typically require, see our guide on how to open a business bank account. We provide step-by-step guidance and tips for opening an account.
Frequently Asked Questions (FAQs)
When considering a bank for your nonprofit business, you need to find one with limited fees. This includes both monthly fees and fees incurred for transactions and cash deposits.
Generally, you should choose a business checking account specifically geared toward nonprofit businesses. Not only will these accounts have limited fees, but the banks often offer guidance and perks that can help your nonprofit.
While many banks offer specific business checking accounts for nonprofit businesses, it is not required that you choose these accounts. Any small business checking account, especially the best small business checking accounts, that charges limited fees and provides excellent support for your nonprofit will work.
Bottom Line
When considering a business bank account for your nonprofit, you need to calculate how many transactions you’ll have monthly and annually, how much cash you will deposit, and what other features you need from your account. Each provider on this list has an excellent business checking account for your nonprofit. Compare the number of free transactions offered by each and other nonprofit support products available and choose the one that best meets the needs of your nonprofit organization.
