With the rise and proliferation of technology throughout our culture, non-profit organizations (like most other businesses) have struggled to keep up with the changing e-landscape. And while your banking relationship may not be the first place you seek to upgrade, it certainly should not be the last either. Here are some features you should expect from your 21st century banking relationship:
- Efficient, versatile online banking
- Multiple contribution/donation options including online, recurring, and mobile payments for both credit cards and ACH (direct-debit from donor checking accounts)
- Interest-bearing checking accounts
- Discounts on advanced features like payroll direct deposit
- Exceptional & personal customer support
Take for example our Infinite Horizon Checking Package which provides a free, interest-bearing checking account to non-profit organizations. In addition we offer ACH origination and an easy-to-implement online customer payment portal at significant discounts. If your organization is heavily reliant on checks from donors, remote deposit capture is available for highly discounted pricing too.
Any organization can take advantage of free Zero Balance Accounts… these are fully-functioning checking accounts that automatically sweep into or out of a primary operating account every day. You can use these to differentiate bookkeeping from different programs or simply to add an extra layer of security to your banking (a “buffer” account between your primary operating account and the account you make accessible to vendors and services).
Bringing your accounts to a bank like Horizon is the simplest move you can make to catapult your finances into the realm of modern technology.
Written by Eric Beschinski, Branch Manager of the Valparaiso, Indiana Lincolnway office location of Horizon Bank. For more information on Horizon’s services contact Eric Beschinski at 219-531-2265.