Nonprofits deserve a more straightforward way to run financial operations. Distinct from many larger institutions, U.S. Bank offers a nonprofit business checking account and a credit card that does not require a personal guarantor.
Seamlessly transition all of your payment collection and processing.
Operate efficiently and securely with SinglePoint Essentials for treasury management.
Avoid bank fees and earn interest on the donations you’ve collected with our interest-earning nonprofit checking account2
We provide loans and lines of credit for nonprofits to help grow and facilitate capital investments.
Simplify your expenses with a secure Community Card, even when cash flow is tight.
Learn from the narratives of other successful nonprofits and how U.S. Bank is investing in communities. Receive guidance on other relevant topics.
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$300,000 in grants to support five nonprofits, help build wealth, increase affordable housing and expand community impact.
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Every 501(c)3 Nonprofit has bylaws or laws that govern the organization and its Directors are the decision makers in accordance with those bylaws. Remember that your nonprofit’s bylaws will outline any period for advance notice of the meeting, the type of notice to provide and the directors or shareholders who must participate in voting.
Request a special board meeting if you do not have previously scheduled annual or periodic meetings where this circumstance can be addressed. Next, draft a resolution of the board members to request a discussion and the process for voting and any proceedings. Set the quorum as indicated in your bylaws (defined as the majority of directors eligible to vote) and make sure they are present. Conduct, record and report the vote to the state in your organization’s Annual Report and report it to the IRS. You do not need to report it formally.
As a nonprofit, the best financial institution matches your needs and values. As the fifth largest bank in the U.S., we have many resources but value a personal relationship. We have dedicated products and services for nonprofits. Our business checking account offers no monthly maintenance or balance fees with a minimum $100 opening balance1.
Ideally, a nonprofit requires low or no monthly fees and low processing fees. Our Nonprofit Business Checking account package offers the following benefits:
You may have multiple accounts for your personal finances. Likewise, your nonprofit may benefit from two or more accounts as well. Nonprofits have a unique checking account option to choose from.
Long-term or short-term financing – you’re covered whether it's lines of credit for working capital or loans with fixed rates. For new or established nonprofits, secure funding for what's important to you. Get a financing recommendation.
A U.S. Bank Community credit card can give you access to funds to cover expenses, including utility bills, office supplies, events, and marketing materials. Since nonprofits have more rigid spending guidelines than other for-profit businesses, a credit card provides more financial flexibility.
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