Nonprofit Checking Account
- Designed for 501(c)(3) nonprofit organizations with higher monthly transaction levels
- Dividend-earning potential
- 24/7 digital banking
This is our way of saying, 'Keep up the good work'
At Purdue Federal, we salute nonprofit groups that support our neighbors and strengthen our communities. Because every dollar makes a difference to these organizations, we offer a special checking account that keeps costs low and pays dividends that can be devoted to worthwhile programs and initiatives.
- Designed for 501(c)(3) nonprofit organizations with higher monthly transaction levels1
- $100 opening balance
- $5 monthly fee (waived with paperless statements)9
- Dividends paid on average daily balances of $5,000 or above
- Free Digital Banking
- Free Visa® Debit Cards for fast purchases
- Free account transfers and cash processing
- Eligible for monthly earnings credit
- ACH Origination (For ACH payroll payments to employees)
- Sweep Capabilities
- Commercial Remote Deposit Capture
- Access to nationwide network of surcharge-free ATMs10
Helpful Resources
1 Membership eligibility required. Subject to approval. $5 deposit in Member Ownership Share required.
9 See Business Rate Sheet and Business Fee Schedule for full disclosures.
10 Only Purdue Federal Visa debit card transactions are surcharge-free at CO-OP ATMs. Both Purdue Federal Visa debit and credit card transactions are surcharge-free at Alliance One ATMs. Claim based on CO-OP Solutions Network website.