Nonprofit Banking

Banking solutions that support your nonprofit mission.

You’re passionate about your organization. We’re here to help you make an impact with nonprofit bank accounts designed specifically for groups like yours. Our specialized team works with you to navigate challenges and capitalize on emerging opportunities.

Digital tools to strengthen your organization’s finances.

High APY

Grow your organization’s cash reserves with our high-yield accounts.

Fewer fees

You pay less fees, which means more money goes back into your nonprofit.

Money movement

More control of your accounts, and seamless check donations.

Remote deposit

Quickly and securely deposit check donations on your mobile device.

Superior nonprofit banking starts here.

Running your nonprofit is about more than just business; it’s about giving back to your local community. Our nonprofit bank accounts and services are 
tailored to help you achieve your unique mission.

Basic Business
Checking

No monthly maintenance fees, unlimited transactions, and access to more than 95,000 fee-free ATMs.

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Business Premium Savings

Reach your business goals faster. Maximize your returns by earning 3.80% APY* with no monthly fees.

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Nonprofit Money
Market

Earn a competitive rate, and get access to cost-saving cash management tools and a dedicated relationship manager.

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Merchant Services

Process credit and debit card donations quickly and securely. We partner with Celero to bring you concierge-level service at a great price.

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Payroll Services

Paying your employees has never been easier. With Roll by ADP®, you can complete payroll in under 60 seconds on your mobile device.

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Choose the account that fits you best.

Whether you need a checking, savings, or money market account to achieve your nonprofit’s financial goals, we’ve got you covered.

Basic Business Checking

Business Premium Savings

Nonprofit Money Market

Flexibility

An operating account that’s low-cost and easy to maintain.

A high-interest rate account to help you store non-operating funds.

An account for maintaining a safe, secure cash balance, with check writing privileges.

Monthly Maintenance Fees

$0

$0

$0 Maintain an average daily balance of $2,5001

Processing & Transaction Fees

None, unlimited


Up to 20 per month free,
 $0.30 for each thereafter

Up to 25 per month free,
 $0.30 for each thereafter

Minimum Opening Deposit

$0

$1,000

$1,000

Interest Rate (APY)

N/A

3.80%*

0.20%*

QuickBooks Integration

Free

Free

Free

Open Checking

Open Savings

Open Money Market

How to open a bank account for your nonprofit organization:

In three quick and easy steps, you're on your way to better business banking.

  1.  
    1
    Choose your account.

    Select the accounts that fit your nonprofit the best.

  2.  
    2
    Gather your documents.

    Have your documents ready and apply online in minutes.

  3.  
    3
    Get approved.

    Once your business is verified, you’re ready to go.

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Get award-winning online business banking.

For 25 years, Axos Bank has redefined business banking. Named among the best in class by Forbes Advisor and USA Today Blueprint, we combine innovation, flexibility, and growth with our digital-first, mobile-optimized platform.

Have questions? Let’s talk business.

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Nonprofit Banking Frequently Asked Questions

Can I open a bank account for a nonprofit?

Yes, you can open a bank account specifically designed for a nonprofit organization. Having a separate bank account for your nonprofit allows you to organize your finances efficiently, it makes fundraising easier, and it keeps you compliant for tax purposes.

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What type of bank account should a nonprofit have?

It depends on what the specific needs are for your nonprofit. Axos offers business checking, savings, and money market accounts. In many cases, it’s wise to have multiple business bank accounts.

How do I open a nonprofit bank account?

Once you have decided which business bank account(s) is right for you, applying online with Axos is a quick and easy process. Have your proper documentation ready (for example, your filed 501c tax exemption form), and then submit your application for approval.

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How much money can a nonprofit have in the bank?

There is no limit to the amount of money a nonprofit organization can have in the bank. Your business model and the nature of your organization will determine how much money you have in your business bank account(s).

What documents do I need to open a nonprofit bank account?

You’ll need your Employer Identification Number, Social Security number (if you’re a sole proprietor), ownership agreements, business license, articles of incorporation/organization, and your filed 501c tax exemption form (if applicable).