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Nonprofit Business Checking
As a financial partner for the community and a participating partner of many nonprofits, Merchants offers a nonprofit business checking account to help enable your organization to do even more good for your community.
Nonprofit Business Checking Account Features
- No minimum opening deposit
- Debit Card with ATM access and Mastercard® Easy Savings Program
- $8 monthly fee
- No per transaction charge for debit card point-of-sale and ATM* transactions
- Borrowed funds rate: Prime +3%
- Earns interest
- Overdraft Line of Credit options**
- Per transaction charge:
- $.25/credit
- $.03/Merchants Bank check deposited
- $.08/other item deposited
- $.15/debit
- $.10/ACH debit
- $.20/ACH credit
Ready to open an account?
*ATM surcharge and foreign fees may apply. **Subject to approval.
Compare Business Checking Accounts
| Small Business Checking | Business Checking | Interest-Bearing Business Checking | Nonprofit Business Checking | |
|---|---|---|---|---|
| Minimum Opening Deposit | $0 | $0 | $0 | $0 |
| Free Chip Debit Card with ATM Access and MasterCard® Easy Savings Program | ||||
| Monthly Fee | $0 | $8 | $8 | $8 |
| Monthly Free Transaction Items | ||||
| Per Transaction Charge | ||||
| Borrowed Funds Rate | n/a | Prime+3% | Prime+3% | Prime+3% |
| Earnings Credit | ||||
| Earns Interest | ||||
| Overdraft Line of Credit* | Available | Available | Available | Available |
| Contact UsLearn More | Contact UsLearn More | Contact UsLearn More | Contact UsLearn More |
*Subject to credit approval.
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