Stearns Bank launches ‘Nonprofit Banking’ solutions

By Delisha Fernandes

Stearns Bank N.A. has launched its Nonprofit Banking Solutions, a suite of customised banking services and financing options designed to meet the needs of nonprofits.

Additionally, to support nonprofits, Stearns Bank will donate $1,000 to each nonprofit organisation that maintains one or more active Nonprofit Banking Solutions accounts for a full 12 months, with recurring donations following each active 12-month period.

“At Stearns Bank, we have extensive experience with nonprofits and a keen understanding of the vast diversity among nonprofits across the country – each has a distinctive mission and goal along with differing operational demands, varying capital capacity and financing needs, and evolving donation and revenue streams,” said Kelly Skalicky, President, and CEO of Stearns Bank.

Among the many features offered with Stearns Bank’s Nonprofit Banking Solutions are unique financing options, customised credit cards, and high-yield interest-bearing deposit accounts. With a wide range of free services, nonprofits achieve substantial savings and can customise their debit cards with the nonprofit name and logo.

Stearns Bank’s special nonprofit accounts also feature free unlimited mobile deposits, free checks, unlimited same-day and next-day ACH origination, free unlimited incoming wires, free outgoing wires (one fee wire per day), free international wires (five free international wires per month) and more. There are also no minimum balance requirements, no hidden fees, no maintenance fees and no inactivity fees.

With the convenience of online and mobile banking, plus account access and management available 24/7, nonprofits across the country finally have a suite of specially designed Nonprofit Banking Solutions they deserve to empower their nonprofit, boost their bottom line, and fuel their financial growth.