What is a Nonprofit Checking account?

A checking account with no balance or monthly fees for nonprofit organizations with unique transaction schedules. Enjoy a minimum $100 opening deposit balance.

  • No monthly maintenance fees and no minimum balance restriction.
  • 1,800 free transactions annually1
  • 300 free cash deposit units per calendar year2
  • $0.50 fee for each additional transaction
  • Option to earn interest (today’s rates3)
Apply now Make an appointment

Benefits included in a Nonprofit Checking account.

Mobile and online banking

View account summaries, transfer money and track your cash flow with various tools and accounting software integration. Initiate and track ACH and wire payments in one dashboard.

Mobile check deposit

Deposit checks into your U.S. Bank account by taking photos of your check using your mobile device. 

No-fee transactions at U.S. Bank ATMs  4

As a U.S. Bank account holder, enjoy zero fees at any U.S. Bank ATM. 

U.S. Bank Visa debit card

Use your business checking debit card to pay for business purchases or at 13,000 ATMs nationwide. 

Bill Pay

When you pay your bills from your account via online and mobile banking, we send the payments directly to your billers.

Check fraud protection

We help minimize the risk of fraud with our PCI compliance and check-fraud prevention tools.

Related resources for nonprofits

Learn how U.S. Bank can help your nonprofit better pursue its mission with a dedicated suite of banking services and expert advice.

Donation and fundraising payment collection

Seamlessly transition payment collection and processing.

Expansion and growth

We provide loans and lines of credit for nonprofits to help grow and facilitate capital investments

Cash flow management

Make confident cash management decisions with a forecasting and historical data method using accountability at its core.

Open a Nonprofit Checking account

Have this information handy before you apply:

Apply now
  • Your business’s Employer Identification Number (EIN) or tax ID number.

  • Articles of Incorporation, Articles of Organization, Articles of Incorporation, Articles of Organization, or a charter or a similar legal document that indicates when your company was formed.

  • Government-issued photo ID and SSN for you and anyone else authorized to sign checks or make transactions on behalf of your organization.

  • Start with a $100 deposit and transfer more funds as you grow.

  • Learn more about application requirements based on your business details

Let us help you find the best checking account to suit your business needs

Get a checking account recommendation.

Answer a few questions to find the right fit for your business.

Get a recommendation

Switch to a U.S. Bank business checking account.

Our business EZ Switch Kit includes five steps to complete your transfer to a U.S. Bank account.

Download the PDF

Frequently Asked Questions

Having a business checking account offers several benefits. Managing your business finances effectively means keeping your personal and business finances separate. You can also track your business expenses, making it easier to monitor your financial health.

Also, a business checking account with a positive transaction history can contribute to building a strong credit profile for your business and help you when it comes time to apply for a business loan or line of credit.

Plus, for tax preparation purposes, a separate business checking account will simplify record keeping.

Prefer to talk TO a banker?

Make an appointment
Request a call
Call 855-504-1777
Find a branch
Start of disclosure content

Disclosures

For additional information call 855-955-2760 or visit your local branch for a copy of Business Pricing Information disclosure or refer to Your Deposit Account Agreement (YDAA).

Eligibility requirements and restrictions apply. Please refer to the Digital Services Agreement for more information.

U.S. Bank and its representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

  1. Footnote 1

    Transactions are $0.50 each once free transactions are surpassed. A transaction includes deposits and other credits, checks paid and other debits, ACH and deposited items, and signature and PIN based purchases made with a U.S. Bank Business Debit Card. The U.S. Bank Business Debit Card is issued by U.S. Bank National Association, pursuant to a license from Visa U.S.A. Inc.

    Return to content, Footnote 1
  2. Footnote 2

    300 free cash deposit units per calendar year. Cash deposit units are calculated by dividing each cash deposit amount by 100 and rounding the resulting value to a whole number. To determine rounding, less than $0.50/$50 is rounded down and more than or equal to $0.50/$50 is rounded up. Any deposit less than $150 equals one unit. Examples: $782.00 equals 8 units, $440.52 equals 4 units. Cash unit allowance applicable to all cash deposits in branch and through U.S. Bank partner ATMs, cash unit allowance not applicable to Cash Vault product. After annual free units the fee is $0.33 per unit.

    Return to content, Footnote 2
  3. Footnote 3

    Interest rates subject to change without notice.

    Return to content, Footnote 3
  4. Footnote 4

    ATM Transaction Fee. U.S. Bank will assess this fee for each ATM Transaction conducted at the Non-U.S. Bank ATM. Non-U.S. Bank ATMs are defined as any ATM that does not display the U.S. Bank logo in any manner, physically on the ATM or digitally on the screen.

    ATM Surcharge. Non-U.S. Bank ATM owners may apply a surcharge fee on ATM transactions at their ATMs. U.S. Bank participates in MoneyPass®, an ATM surcharge free network. To find MoneyPass ATM locations, select “visit the MoneyPass locator” at the bottom of our ATM locator search results to be taken to the MoneyPass website. If you use an ATM that uses the MoneyPass® Network and are charged a surcharge fee, please contact us at 800-USBANKS (872-2657) for a refund of the surcharge fee.

    Please refer to the Business Pricing Information section titled “Other Service Fees” for a summary of ATM Transaction fees.

    Return to content, Footnote 4

Deposit products are offered by U.S. Bank National Association. Member FDIC.

Credit products offered by U.S. Bank National Association and subject to normal credit approval.

See the U.S. Bank Your Deposit Account Agreement booklet for additional disclosures applicable to deposit accounts. Other conditions and restrictions may apply. Terms may change without notice. For the most current information about packages and benefits available, contact your banker.