Nonprofit Checking

At City First we have a unique understanding of the special needs and mission focus of nonprofit organizations.  Unlike most banks that are owned by shareholders whose primary motivation is profit, City First shareholders are like minded social investors who expect business proceeds to be reinvested in the company.

Our Nonprofit Advantage programs were designed to help nonprofit organizations with their special financial challenges.  We offer lower minimum balance requirements and lower account fees to facilitate your nonprofit's financial viability.

Nonprofit Advantage Checking  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 First Premier Nonprofit Checking.  With this account, you’ll also benefit from multiple cash management services, including remote deposit capture, positive pay, and ACH services, with the opportunity to offset the costs of these multiple services with an earnings credit.

Interest on Lawyers Trust Accounts (IOLTA) is a unique and innovative way to increase access to justice for individuals and families living in poverty and to improve our justice system. Without taxing the public, and at no cost to lawyers or their clients, interest from lawyer trust accounts is pooled to provide civil legal aid to the poor and support improvements to the justice system.  City First is pleased to be a preferred partner with the DC Bar Foundation.
 

Experience true community development banking as a socially responsible investor!

Make a difference in your community while receiving the banking services you're looking for. To start your relationship, please complete the attached form and upload hereSomeone will contact you no later than the close of the next business day. You may also call 202-243-7100 or email us at branchrequests@cityfirstbank.com to learn more.

 

  Nonprofit Advantage Checking
Minimum to Open $100.00
Monthly Service Charge $10.00 monthly service charge if the account balance falls below the required minimum.
Minimum Monthly Average Balance Requirement $1,000.00
Interest Bearing Yes; tiered rate based on account balance.
Account Transaction Fees The first 100 transaction items a month are free. A $0.25 per transaction item is charged thereafter.

 

  First Premier Nonprofit Checking
Minimum to Open $100.00
Monthly Service Charge $12.00 per account
Interest Bearing No
Account Transaction Fees $0.12 per transaction item
Account Analysis Actual monthly fee may be offset with earnings credit.

 

  IOLTA
Minimum to Open $100.00
Monthly Service Charge $0.00
Minimum Monthly Average Balance Requirement $0.00
Interest Bearing Yes

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

 
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