Non-Profit Checking
Like for-profit businesses, non-profit organizations need banking services to help manage their finances. Our non-profit checking account doesn’t require a minimum balance and comes with no monthly service charge.
Standard Features
| Features | |
|---|---|
| Minimum balance to open | $100 |
| Minimum daily balance | None |
| Monthly service charge | None |
| Limitations | 200 no fee debits, credits and deposited items per month |
| Activity fee1 | $0.30 for each additional debit, credit or deposited item in excess of 200 per month. |
| Earns interest2,3 | Tiered and compounded monthly |
| Earnings credit | No |
| Business online & mobile banking | No fee, message and data rates may apply |
| Business debit card | No initial set up fee |
| Withdrawals from MidWestOne-owned ATMs | No fee |
| Withdrawals from ATMs not owned by MidWestOne1 | $1/withdrawal |
| Electronic statements | No fee |
Optional features
| ACH Manager4 | Available, learn more |
| Positive Pay | Available, learn more |
| Remote deposit capture4 | Available, learn more |
| Wire Manager4 | Available, learn more |
| Overdraft protection | Available, learn more |
| Online bill pay | No fee |
| Quick Books integration | No fee |
| Paper statements1 (Non-image or Image) | $5/statement |
1Sales tax may apply.
2Daily Balance Method used to calculate interest on account. This method applies a daily periodic rate to the principal balance in the account each day.
3Interest rates are variable and subject to change at the bank’s discretion at any time. The annual percentage yield may vary due to the interest rate changes and fees. Please refer to our Deposit Rates for current interest rates and annual percentage yields based on designated balance tiers.
4Subject to credit approval.