|
Regions Nonprofit Interest Checking1 |
| This account is best for you if: You have a large non profit organization and want to earn a competitive interest rate. |
| Account Benefits |
- Online Banking Options:
- Regions Business Online cash management package2 OR
- Regions Online Banking with Bill Pay for Business
- Free Regions Business Check Card
- Overdraft Protection Available3
- 24-Hour Automated Telephone Banking
- 30% Safe Deposit Box rental discount (subject to availability)
|
|
Interest Earned |
- Interest is compounded daily and paid monthly
|
Monthly Service Fee
(per account) |
- $12† monthly service fee. Waived with $50,000 minimum daily balance.
|
|
Account Transaction Fees |
- No charge for the first 400 total combined items**, $.25 for each additional item
|
|
Checks and Deposit Tickets |
- Check options such as three-to-a-page, computer, laser, value packs and more are available through Harland Clarke Business Solutions - 1-877-275-4427
|
|
Statement Options |
- Online Statements (including check images) - Free
- Check Safekeeping - Free
- Check Images - Free
|
|
Regions at Work |
- A special package of banking services designed for you that offers group banking to your employees.
|
| Safe and Secure |
- Security of FDIC insurance coverage up to the maximum amount permitted by law.
|
|
How to Apply |
|
All accounts subject to terms and conditions of the Regions Deposit Agreement. See pricing schedule for additional fees and other requirements.
1Nonprofit Interest checking is available to organizations described in Section 501(c)(3) through (13), and (19) of the Internal Revenue Code, political organizations described in Section 527 of the Internal Revenue Code and homeowners and condominium owners associations described in Section 528 of the Internal Revenue Code, including housing cooperative associations that perform similar functions. The prospective account holder must furnish a copy of the Internal Revenue Service nonprofit organization designation letter. Interest is earned on funds in your account for which Regions has received credit. Interest earned is compounded daily and paid monthly.
2Regions Business Online is subject to the Regions Treasury Management terms and conditions.
3Subject to credit approval.
** Items include checks and other debits paid (including ACH), deposits and other credits posted, and items deposited; Regions Business CheckCard transactions are not included in the electronic debit and credit activity totals.
† For accounts opened in Iowa, this fee is subject to Iowa State Sales Tax of 5%, which will be assessed at the time the fee is charged, unless exempt.