An account for not-for-profit organizations and clubs.

Benefits of your account:

• Interest-bearing variable rate NOW checking account (91 day Treasury Bill rate)
• No minimum balance
• No monthly service charge fee
• Free wallet-sized checks
• Free checking account for employees of not-for-profit organizations
• Free endorsement stamp
• Free ATM card for deposits only
• Lock box service with monthly service charge fee waived
• Free Online Banking
  (Fees maybe charged by your Internet provider not associated with Baytree.)
• Free Online BillPay
• Cash boxes for fundraising events
• Competitive loan rates for employees (upon credit approval)
• Merchant Credit Card Processing through Baytree Charity Advantage Account

What Baytree National Bank needs to set up your account:

• Two forms of identification from each signer, of which one should be a current driver's license or state ID. The second form of ID may be an employee issued photo ID, firearms ID, Military ID, United States issued passport or a copy of a current Illinois utility bill.
• Your organization's 9-digit tax ID number
• Your organization's articles of establishment or appropriate supporting documentation. You will need to bring in at least one of the following examples:

1. Chapter: Charter of Business and Letter from national office indicating names of Chapter President and Secretary
   
   
2. Society: Letter from the entity with which the Society is affiliated
   
   
3. Fraternal: Letter from national office stating names of local President and Secretary
   
   
4. Club: Organized Resolution (Baytree National Bank has a general form that can be used.)
   
   
5. Current Letter of Good Standing
   
   
6. Articles of Incorporation (if a corporation)
   
   
7. Proof of non-profit status (i.e. 501c(3) or 501c(4) documents)

CHARITY ADVANTAGE ACCOUNT - Miscellaneous Items

1. The charitable organization must have a demand deposit account with Baytree National Bank.
   
   
2. Bank provides terminal/printer to organization for their event that is usually a one day/night event. Organization needs power source and telephone line connection to operate terminal. A representative from the organization is trained to operate and balance the terminal. A bank employee downloads organization's name into terminal and trains the representative.
   
   
3. Organization's transactions are automatically deposited as one deposit into the Bank's designated demand account when the organization balances at end of the event. Deposits are usually credited within 48 hours after being transmitted.
   
   
4. The next business day, a bank employee transfers the entire balance from the Bank's account into the organization's account, and the bank will asses the appropriate fees and debit the organization's account as a separate transaction. Charge backs to the organization can still occur several months after the event.
   
   
5. The organization must return the equipment to bank the next business day.
   
   
6. The organization will be assessed a fee of 2.50% of gross sales, plus .25 cents per transaction over 100 transactions.