Checking designed by a non-profit for non-profits

Your non-profit checking account will help your organization do business without incurring unnecessary overhead. There are no minimum opening deposit or balance requirements. You also don’t have to worry about monthly fees, fees for your first 500 transactions ($0.10/transaction after that), or paying for your first order of checks.

With a non-profit checking account, financing your organization doesn’t mean paying an exorbitant price in the process.

Are you thinking about starting a non-profit business? There are a number of reasons why this type of company is uniquely qualified to help you accomplish your goals. However, before you get started, it’s important that you understand the following tips to set up your non-profit for success.

1. Begin with a business plan.

Even if you’re intimately aware of the field your business is in and have years of experience, it’s paramount that you have a plan for moving forward. Keep in mind that this is something you can always adjust in the future, but you want a basic road map for success before you start getting busy.

2. How much can you do on your own?

Once you understand what it will take in terms of sales, marketing, managing cash flow, etc., it’s time to consider how much of this you can do on your own. While many small business owners are usually their own sole employees during the first year or two, it would be wise to find people who can help you in key areas where you lack qualifications. Bringing them on for contract work will get you the services your non-profit business needs without unnecessary costs.

3. Watch the overhead

Given the unique features of this kind of organization, you really need to pay attention to your overhead. One way to do this is with a non-profit checking account. It will give you the spending power you need, minus unnecessary fees. Review your expenses once a month to look for other ways you can preserve more of your revenues.