Not-for-Profit Banking Accounts
We're the Bank for Nonprofits.
As a locally owned and managed bank, First Bank & Trust knows something about community. The Not-for-Profit Account was developed to assist nonprofit community organizations in achieving their goals. Your organization needs to keep its money working toward the programs you foster. The Not-for-Profit Account easily and inexpensively helps associations, charities, schools and other NPOs help our communities. We believe in your mission.
Free Checking Accounts
No monthly service charge! If you have fewer than 1,000 transactions per month, your organization’s accounts - whether an operating account, a payroll account, or any special account - will not be subject to a monthly service charge.* Also, your first order of checks is free, up to 120 safety paper checks.
Employee Accounts with No Monthly Maintenance Fee
Because your employees do such good work for the community, we will waive the basic monthly service charges on traditional checking accounts for your salaried employees.**
Visa® CommUNITY Credit Card***
The Visa CommUNITY Credit Card is designed for nonprofits and municipalities seeking an easier way to manage cash flow and expenses. Enhanced reporting helps document expenses, track purchases, reveal spending patterns, organize budgeting information and save time on accounting procedures. This card offers:
- Consolidated statements
- Free management reporting
- Generous credit line
- Dedicated cardmember service
- Optional rewards program
Please contact your banker for more information.
Credit Card Processing
If you’re a nonprofit organization that accepts Credit Card donations on an ongoing basis but you don't know where to turn for a reputable company to process these transactions, we'd love to put you in touch with a company that has a great track record for doing just that. For a nominal cost, you can have the convenience of providing your supporters an easy and enticing way to help support your mission.
If you wish to be able to accept Credit Cards for just one event per year, we can help you with that as well. We will help you by doing the electronic processing for you---there's no need to buy any equipment or supplies. For Nonprofit organizations there is a small fee for this service--- just 3% of the gross sales less a $15.00 fee. A $15 fee on disputed items will apply. You just bring us the signed sales slips and we'll do the rest.
Online & Mobile Banking
Business Express has an internet banking platform specifically designed for nonprofit organizations. View your account balances and activity, transfer funds between accounts and pay bills. This product can be used to collect donations/contributions and member fees.
Promoting Your Organization
Our Community Calendar is just waiting for your organization. We invite our local NPOs to add an event listing to publicize its events. We also offer the use of our branch window displays to promote your organization.
First Bank & Trust can provide or, in some cases, arrange with a government agency, the most appropriate loan at market rates when the need arrives. Learn more >
Officers of our bank are available to speak to your employees, your constituents, your members, your students on such issues as money management skills, how the banking system works and how to obtain credit.
No-Fee Debit Card
Get a Debit Card with a daily withdrawal limit of up to $1,000. We waive worldwide surcharges up to 6 transactions per monthly statement (Limited to a maximum of $20 per monthly statement). Plus, no annual fee!
At many of our locations we have conference rooms that we will make available during normal business hours, by reservation, to our NPO customers.
*Other service charges such as overdraft charges may apply.
**Free checking refers only to the waiving of monthly maintenance fees. Other charges may apply. See fee schedule.
***Subject to credit approval. The creditor and issuer of the Visa credit card is Elan Financial Services pursuant to a license from Visa U.S.A., Inc.