Nonprofit Checking

Basic Nonprofit Account  For small nonprofits, City First offers a Basic Nonprofit Advantage Account. It’s designed for account-holders who anticipate a limited amount of monthly activity, yet need to make use of almost all of their funds during a given month to carry out their work within the community.

Nonprofit Advantage Account  For organizations with a fair amount of monthly banking activity, City First created the Nonprofit Advantage Account offering the ability to avoid a monthly service charge by maintaining a modest minimum balance.

First Premier Nonprofit Checking  For nonprofit organizations with higher account balances and a high volume of monthly activity, City First offers Premier Nonprofit Checking.  With this account, you’ll also benefit from multiple cash management services, including remote deposit, positive pay, and ACH services, with the opportunity to offset the costs of these multiple services with an earnings credit.

 

  Basic Nonprofit Checking
Minimum to Open $500
Monthly Service Charge $8
Minimum Balance Requirement None
Account Transaction Fees The first 10 transaction items a month are free.  $0.10 per transaction item is charged thereafter.
 
  Nonprofit Advantage Checking
Minimum to Open $1,000
Monthly Service Charge $10 monthly service charge if the account balance falls below the required minimum.
Minimum Balance Requirement $1,000
Account Transaction Fees The first 100 transaction items a month are free. A $0.30 per transaction item is charged thereafter.
Interest Bearing Account? Yes! This is an interest bearing checking account.*

 

  First Premier Nonprofit Checking
Minimum to Open $1,500
Monthly Service Charge $12 monthly service charge for each of the first 2 accounts. $3 monthly service charge applies for subsequent accounts.
Minimum Balance Required None
Account Transaction Fees $0.12 per transaction item a month
Account Analysis The monthly service charge and account transaction fees are assessed and analyzed against a monthly earnings credit which may help offset charges and fees.
Contact us for more details.

* For more information, or to request a copy of our Truth in Savings Act Disclosure, please click here.

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html

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