Not-for-Profit Banking Services

Not-for-profit banking encompasses specialized financial services designed to address the unique needs and challenges of non-profit organizations. These services go beyond traditional banking offerings to provide tailored solutions that align with the distinctive characteristics of non-profits, including donation-based revenue streams, grant funding cycles, and mission-driven opportunities.

• Education
• Healthcare
• Social Enterprises
• Membership Organizations
• Cultural Institutions
• Public Private Partnerships
• Religious Institutions
• Homeowners Associations
• Community Support Organizations

Opening a not-for-profit bank account with SouthState is a straightforward process designed to ensure we understand your organization's unique needs and can provide the most appropriate financial solutions. Here's our simple step-by-step process:

Step 1: Initial Consultation

Begin by scheduling a meeting with one of our Non-profit Banking specialists. This can be done by calling one of our dedicated non-profit team members, visiting your local SouthState branch, or completing our online request form. During this consultation, we'll discuss your organization's specific needs, financial goals, and the various account options available to you.

Step 2: Documentation Preparation

To open your account, you'll need to provide the following documentation:

• 501(c)(3) determination letter from the IRS or other proof of tax-exempt status
• Articles of Incorporation or Organization
• Bylaws or Operating Agreement
• Employer Identification Number (EIN)
• List of authorized signers with their identification information
• Board resolution authorizing the opening of the account
• Minutes from the board meeting showing approval of the signatories

Step 3: Account Opening

Based on your organization's specific needs, our Non-profit Banking specialist will help you select the most relevant account type(s) and services. We offer a range of options specifically designed for non-profits, including:

• Non-profit Checking Accounts with reduced or waived fees
• Interest-bearing non-profit savings accounts for reserve funds
• Specialized accounts for endowments or donor-restricted funds
• Treasury management solutions for donation processing

Once you've selected your account(s) and gathered the necessary documentation, you can complete the account opening process either at your local SouthState branch or, in many cases, digitally through our secure online platform. Our team will guide you through the process and answer any questions you may have.

Step 4: Ongoing Support

After your account is opened, we'll help you set up online banking access, payment processing solutions, and any other services you've selected. Your dedicated Non-profit Banking specialist will continue to provide ongoing support, regular account reviews, and strategic financial guidance to help your organization thrive.

At SouthState, we're committed to making the account opening process as smooth and efficient as possible for non-profit organizations. Our goal is to get your financial infrastructure established quickly so you can focus on what matters most – advancing your mission and serving your community.