Opening a Nonprofit Bank Account

Opening a bank account for your nonprofit typically isn’t a complex process. It will, however, require some preparation and the right documentation.Typical Required Documents:

1. Approved Articles of Incorporation
2. EIN Tax Identification Number
3. Board-Signed Bylaws
4. Government Issued ID & Social Security Number

Research Local Bank Options:

1. Ask to see if there are any benefits for nonprofits?
2. Additional Document Requirements
3. Determine who must be present for signatures

Ready to Open Your Account?

1. Print copies of your required documents
2. Make an appointment with your chosen bank

Once your bank account is created, be sure you have a plan to track your finances.