Nonprofit Checking Account Fact Sheet
Minimum Balance to Open:
$25.00 is required to open the account.
Minimum Balance Required to Avoid Service Charge and Service Charge Fee if Minimum Balance is Not Met:
$15.00 will be assessed against this account for any statement cycle in which the average daily balance in the account falls below $1,000.00.
We use the average daily balance method for determining whether to assess a monthly maintenance fee against the account. This method is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
$0.50 per item over 500 per statement cycle
Additional fees that may be assessed against your account are listed on our Business Accounts Schedule of Service Fees.
Fees may reduce earnings.
The rates are subject to change at any time.