Nonprofit Banking and Financing

Designed for doing good.

HomeStreet Bank understands the unique needs of non-profit organizations because we have special relationships with hundreds of non-profits across our footprint. We support the communities where we do business through active partnerships, charitable contributions, and employee volunteerism. Many of our employees sit on boards of community organizations, and in 2020, HomeStreet Bank donated $1 million to local non-profit organizations and our employees recorded 7,000 hours of volunteer time with 280 charities across our footprint.

Our community involvement gives us a deep understanding of how our banking solutions can save your organization time and money. No matter the type of non-profit – educational, faith-based, environmental, charity, foundation – we provide exceptional customer service and can help you with the most critical aspects of managing your business finances. Let us take care of you, so you can take care of your community.

Checking Accounts*

We offer three deposit account types specifically for non-profits that are sure to meet your organization’s needs.

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Community Partnership

An interest-bearing account with no monthly service charge. Ideal for smaller non-profit organizations with less than 100 deposited items and checks each month. Minimum balance of $100 to open.

Non-Profit Partnership Plus

An interest-bearing account with no monthly service charge or per check and deposited item charges. Ideal for non-profit organizations with higher transaction volumes. Minimum balance of $500 to open.

Analyzed Community Partnership

A non-interest-bearing account with an earnings credit allowance. Ideal for established non-profit organizations with higher balances and the need for more monthly transactions. Minimum balance of $100 to open.

Cash Management Solutions

All of our non-profit deposit accounts include our Cash Management solutions to help you better manage your cash flow and business finances.

Collecting Funds

ACH Origination - Use the Automated Clearinghouse (ACH) network to quickly and easily collect payments or donations. (Credit approval required.)
Branch Deposits - Make deposits at any of our conveniently located bank branches during regular banking hours, or use our night drop to make deposits after hours.
Cash Vault/Armored Car - Armored car service is available on a regular schedule ranging from once a month to seven days a week, based on your needs. NOTE: this service is available in select areas. Please contact us for more information.
Lockbox - Customizable payment processing is available to help speed the collection of payments and streamline reporting. We provide electronic delivery of detailed processing reports and posting files that are configured to integrate with your accounting software. NOTE: this service is available in select areas. Please contact us for more information.
Merchant Bankcard Services - Accept and process credit card payments in person, over the phone, or on your website. (Provided by a third party vendor.)
Remote Deposit Capture - Deposit checks directly from your computer or desktop. Scan images of checks and send them electronically to your HomeStreet account for processing. Learn more.
Mobile Remote Deposit - Ideal for lower volume deposits – just download our Business Mobile Banking app and deposit checks using your smart device (Android phone, iPhone, and/or iPad).
Check2ACH - Converts paper Bill Pay checks to ACH transactions. We provide daily transaction reports that allow you to view and decision incoming payments. We provide a daily posting file that integrates with your accounting software.

Fraud Protection Services

Positive Pay - A daily check reconciliation service that notifies you of potentially fraudulent checks. You are presented with online reports and images of any exception items and can make the decision to either pay or return any suspect items.
ACH Positive Pay - Prevent unauthorized ACH debit activity on your account by establishing payment rules for incoming ACH debits. You are presented with online reports and can make the decision to either pay or return any suspect items.
IBM Trusteer Rapport - IBM Trusteer Rapport services are offered free of charge. This software protects online banking users from malicious software and phishing attacks. Learn more and download this software.

View our additional Cash Management services to learn more about disbursing funds, managing funds, and staying informed.

Lending Options

We offer private placement tax exempt financing for non-profit organizations in Washington, Oregon, California, Idaho, and Hawaii. If you're interested in our lending services, please contact our Relationship Manager that specializes in non-profit lending.

CONTACT RELATIONSHIP MANAGER

Hear what the non-profit FUSION has to say about banking with HomeStreet.

*For additional information, view the Terms and Conditions and Schedule of Fees.

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Nonprofit Banking and Financing