Good online bank for a US non-profit?
September 10, 2012 1:13 PM Subscribe
What's a good bank for a US non-profit (501c3) to use? We need one that lets us do all our normal operations through the web.
posted by jacobian to Work & Money (2 answers total) 2 users marked this as a favorite
We're a US non-profit, and we need a new bank. The main problem with our current bank (USBank) is that they assume we're all physically located with easy access to the branch. This couldn't be farther from the truth: our officers are in multiple states and countries.
So we're looking for a bank that's going to let us do all our normal operations online. Absolutely required features are the ability to add and remove people who have access to the account via the web, or at least over the phone. This needs to include getting people business ATM/debit cards (we still don't have a card for our year+ serving treasurer because it would require a physical visit to a branch several states away.) We also need to be able to transfer money, preferably internationally, without a visit to a bank.
Additional nice-to-have features would include a way to cut and mail checks online, some form of digital check-scan deposit, and reasonably good ATM coverage around the country.
I've looked at most of the online-only or online-first banks, but they don't appear to offer business accounts. For example, Ally's checking accounts (which I use personally) or ING's Orange accounts would be perfect, but they're for individuals, not businesses.