Non Profit Banking
Helping you further your mission.
Macatawa Bank recognizes the invaluable contributions of our non profit organizations to the communities we serve. As your financial services and community partner, we are committed to helping non profit organizations fulfill their mission with products and services that meet the unique needs of your organization. Our mission is to support your cause.
Use the chart below to compare the non profit checking account options available to meet your unique checking and savings needs.
| | Non-Profit Access Checking
| Non-Profit Advantage Checking
| Non-Profit Analysis Checking
| Non-Profit Interest Analysis Checking | Non-Profit Net Analysis Checking |
Designed for
| Start-up or small organizations with low balance and low monthly volume | Small to mid-size organizations with low to moderate balances and moderate monthly transaction volume desiring interest option
| Organizations with high monthly transaction volume providing an earnings credit allowance to offset fees and full FDIC insurance coverage
| High monthly transaction volume organizations offering competitive rate of interest | High monthly transaction volume organizations desiring flexible interest and earnings credit options |
| Opening Requirements | $50 | $50 | $50 | $50 | $50 |
| Monthly Maintenance Fee | N/A
| Yes2 | Yes2 | Yes2 | Yes2 |
| How to Avoid or Reduce Maintenance Fee | No minimum balance requirement | $25,000 average available minimum balance requirement per statement cycle | No minimum balance requirement | No minimum balance requirement | No minimum balance requirement |
| Transaction Allowance | 200 1
| 500 1
| Unlimited 2
| Unlimited 2
| Unlimited 2 |
| Earnings Credit Allowance | N/A | N/A | Yes | N/A | Yes |
| Earns Interest | N/A
| Yes
| N/A
| Yes
| Yes 4 |
| Interest Tiers | N/A
| $0 - $24,999 $25,000 - $49,999 $50,000 - $99,999 $100,000 - $249,999 $250,000 + | N/A
| $0 - $24,999 $25,000 - $49,999 $50,000 - $99,999 $100,000 - $249,999 $250,000 + | $0 - $24,999 $25,000 - $49,999 $50,000 - $99,999 $100,000 - $249,999 $250,000 + |
| Online Banking & Bill Pay | Yes
| Yes
| Yes
| Yes
| Yes |
| Extras | - Treasury Management Service options
- eStatements available
- Business Debit Card
- Business Credit Card
- Partnership Perks for Employees
| - Treasury Management Service options
- eStatements available
- Business Debit Card
- Business Credit Card
- Partnership Perks for Employees
| - Treasury Management Service options
- eStatements available
- Business Debit Card
- Business Credit Card
- Partnership Perks for Employees
| - Treasury Management Service options
- eStatements available
- Business Debit Card
- Business Credit Card
- Partnership Perks for Employees
| - Treasury Management Service options
- eStatements available
- Business Debit Card
- Business Credit Card
- Partnership Perks for Employees
|
| Additional Fee Information | Please refer to Schedule of Service Charges & Fees | Please refer to Schedule of Service Charges & Fees | Please refer to Schedule of Service Charges & Fees | Please refer to Schedule of Service Charges & Fees | Please refer to Schedule of Service Charges & Fees |
1 Monthly allowable transactions per statement cycle at no charge ($0.40 for each item over monthly transaction allowance). Transactions include: checks paid, items deposited, deposit tickets, ACH credits received, ACH debits received.
2 Monthly maintenance fee applies. Per item charges will be assessed for each transaction. Please contact our Customer Service Center at 1.877.820.2265 for additional information.
3 Federal Regulation D limits certain types of withdrawal and transfer
transactions you can make out of your savings or money market account to
a maximum combined total of six (6) preauthorized transfers per month.
These transactions include automatic transfers for overdraft coverage
to your checking account, checks, drafts or similar other withdrawals
payable to third parties, point-of-sale (POS) purchase transactions with
an ATM/debit card, or by preauthorized or automatic payment transfers
(including ACH and wire transfers) via telephone or online (including
Bill Pay). Excessive transactions may result in the Bank, at its
discretion, either closing your account or changing your account to a
noninterest-bearing account.
4 Interest for the Non Profit Net Analysis Checking account is calculated and paid on the net remaining average available balance after service charges are offset by earnings credit.