Best business accounts for Nonprofits in United States
Snapshot
A nonprofit in the United States usually wants a low cost account that keeps program, grant and operating money separate, clear records for the board and auditors, and a provider that genuinely accepts nonprofit entities. Eligibility and documents matter more here than for a normal company.
Suits Nonprofits best
Depends on whether you want many sub accounts, interest on reserves, or a tech focused platform
Typical monthly fee
From no monthly fee to about 35 USD a month by plan
Documents to open
EIN, IRS determination letter, bylaws and a board resolution are common. Verify with the provider.
Providers that fit
Three reviewed here
Fees and features as of 14 April 2026Last reviewed 14 April 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Nonprofits care most about clean separation of program and operating money, simple records for the board and auditors, and a provider that actually accepts nonprofit entities. As of 14 April 2026, Relay states that it supports United States registered nonprofits and offers many sub accounts for tracking, Mercury accepts United States registered entities and suits tech focused organizations, and Bluevine can pay interest on reserves. Many nonprofits also use a traditional bank or credit union. Compare current eligibility and fees before choosing.
What Nonprofits in the United States need from a business account
Nonprofits run on accountability. Most want to separate restricted grant money from operating funds, give the treasurer and staff controlled access, and produce a clean trail for the board and for audit. Eligibility is the first hurdle, because not every fintech account accepts nonprofit entities, and the ones that do treat them as standard business accounts rather than offering nonprofit specific features. Providers usually ask for the EIN, the IRS determination letter, the organizing documents and a board resolution. Many smaller nonprofits also value the in person service and cash handling of a local bank or credit union. Confirm current terms with the provider.
R
Relay
States that it supports United States registered nonprofits such as 501(c)(3) and 501(c)(6) organizations, with many sub accounts and cards that can suit grant and program tracking, but it offers no lending and limited cash deposit options.
Accepts United States registered entities including nonprofits and suits tech focused organizations, with free checking and a sweep program, but it has no nonprofit specific features and is United States dollars only.
Best for
Tech focused nonprofits
Monthly fee
No monthly fee, paid plan from about 35 USD a month
No monthly fee on the Standard plan and can pay interest on reserves where monthly activity conditions are met, but it is general purpose rather than nonprofit specific and higher plans carry a fee.
Compare accounts for Nonprofits in the United States
These providers accept nonprofit customers in the United States, subject to their own checks. Fees and eligibility shown as of 14 April 2026. Confirm current terms with the provider before applying.
Questions about banking for Nonprofits in the United States
Can a nonprofit open a fintech business account in the United States?
Some accept nonprofits and some do not. As of 14 April 2026, Relay states that it supports United States registered nonprofits such as 501(c)(3) and 501(c)(6) organizations, and Mercury accepts United States registered entities including nonprofits without nonprofit specific features. Many nonprofits also use a traditional bank or credit union. Confirm eligibility with the provider before applying.
What documents does a nonprofit need to open a business account?
Most providers ask for the EIN, the IRS determination letter, the organizing documents such as articles of incorporation and bylaws, and a board resolution that names who can operate the account. A government issued photo ID for the signers is also standard. Confirm the exact list with the provider as of 14 April 2026.
Do nonprofits get special banking features?
It varies. As of 14 April 2026, the fintech accounts here are general purpose rather than nonprofit specific, though Relay markets to nonprofits and offers many sub accounts that can suit grant tracking. Some traditional banks and credit unions run dedicated nonprofit programs. Check what the provider offers before choosing.
Is there a free business account for a nonprofit?
Yes. As of 14 April 2026, Relay and Mercury offer no monthly fee checking, and Bluevine has a no monthly fee Standard plan that can pay interest on reserves where monthly activity conditions are met. Wires and other charges may still apply, so verify with the provider.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 14 April 2026. Confirm current terms with the provider before applying.