Non-Profit Checking

For those companies out there that think doing some good is more important than making a profit, Main Street Financial has created this amazing checking account.

Earn a great rate of interest and get 200 checks deposited for free each month! There's no minimum balance or monthly service charges, so your money goes to support your cause.

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Summary

With a Non-Profit Checking Account, you get all these benefits:

  • No minimum deposit
  • No minimum balance
  • Dividends earned on balances over $2,500
  • No monthly service charge
  • 200 checks deposited free; $.05 each thereafter
  • No charge per written check
  • Free Visa Debit Card
  • Overdraft line of credit (with approved credit)
  • Free Online Banking
  • Free e-Statements
  • Free Electronic Check Recovery Service (ECR)**
  • NCUA insured

Call us or stop by any branch to get your Non-Profit Checking Account opened today!

**See "Additional Services" tab.

Additional Services

We also offer additional business services:

  • Small business educational resources
  • Safe deposit boxes at Denham Springs Financial Resource Center only
  • Online tax service (EFTPS)
  • Helpful Business Links

ELECTRONIC CHECK RECOVERY SERVICE (ECR)

A free ECR service is available through Infinity Business Group (IBG/FARS). They provide payment solutions which include a check recovery service utilizing ECR through the Automated Clearing House (ACH) Network. They also offer traditional recovery methods utilizing letter writing and telephone contact directly with the check writer. For a welcome kit, decals, or questions call 877.546.2678 or visit www.IBGfars.com.

Opening Your Account

What You Need to Open Your Business Account

Sole Proprietorship

  • Trade Certificate from the Secretary of State's Office (original)
  • Employer Identification Number or Social Security Number
  • Proper identification for all authorized signers including SSN, DOB, and copy of driver's license or other approved identification

Partnership

  • Partnership Agreement
  • Partnership's TIN
  • Partnership Registry from the Secretary of State's office (stamped original)
  • Proper identification for all authorized signers including SSN, DOB, and copy of driver's license or other approved identification

Limited Partnership

  • Limited Partnership Agreement
  • Partnership Registry from the Secretary of State's office (stamped original)
  • Partnership's TIN
  • Proper identification for all authorized signers including SSN, DOB, and copy of driver's license or other approved identification

Limited Liability Partnership

  • Limited Liability Partnership Agreement
  • Certificate of Limited Partnership issued by the Secretary of State's office (stamped original)
  • Partnership's TIN
  • Proper identification for all authorized signers including SSN, DOB, and copy of driver's license or other approved identification

Corporation

  • Certificate of Incorporation from Secretary of State's office
  • Articles of Incorporation
  • Certificate of Authority (only if the corporation is located outside of Louisiana)
  • Corporation's TIN
  • Copy of meeting minutes that designate the most recent officers of the corporation
  • Proper identification for all authorized signers including SSN, DOB, and copy of driver's license or other approved identification

Limited Liability Company

  • Articles of Organization and Initial Report from Secretary of State's office (stamped original)
  • Limited Liability Operating Agreement (if available)
  • Certificate of Limited Liability Company issued by the Secretary of State's office (stamped original)
  • Limited Liability Company's TIN
  • Proper identification for all authorized signers including SSN, DOB, and copy of driver's license or other approved identification

Non-Profit or Unincorporated Association

  • Copy of By-laws, charter or Letter of Purpose
  • Meeting minutes authorizing account opening and authorized signers
  • TIN and/or form 501(c)3
  • Proper identification for all authorized signers including SSN, DOB, and copy of driver's license or other approved identification

Rates

Rates current as of September 7, 2010

Business Service RatesRateAPY ¹
Business Non-Profit Checking Accounts ³0.25%0.25%