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Business Banking for a Non-profit.

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ThomasJNewton
Frequent Contributor

Business Banking for a Non-profit.

Our synagogue has had an account with 5th 3rd Bank for several years. While they offer a free account, they are lacking in many ways and we would like to find a new bank or credit union with which to open an account. Does anyone have any recommendations for a bank or CU with whom they have experience using for a non-profit? We do not maintain a lot of cash, but in the weeks before each of our larger events we will process $20K-$50K. That money will come in and will mostly be spent with in 15 days after the event (we have 3-4 of these events a year). We are based in Chicago, but in The Before Times, we did an annual Winter Retreat to either Florida or Arizona, and one international work project for the youth group, so having a bank that will not freak out when we use the corporate login from another state (even after calling them), would be a good thing. :-)

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2 REPLIES 2
Five6Two
Frequent Contributor

Re: Business Banking for a Non-profit.

We really enjoy U.S Bank's Nonprofit Checking, for the amount of transactions we process and the amount of cash flow we have. Pretty sure you're within their footprint: https://www.usbank.com/business-banking/business-bank-accounts/business-checking/nonprofit-checking-... 

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Message 2 of 3
ThomasJNewton
Frequent Contributor

Re: Business Banking for a Non-profit.

Thanks


@Five6Two wrote:

We really enjoy U.S Bank's Nonprofit Checking, for the amount of transactions we process and the amount of cash flow we have.


Thanks, I will take a look at them.

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