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Built for Non-Profits, Not for Profits.
Non-profits play a vital role in building strong, thriving communities. At RCB, we're here to help you help others with tailored support for your unique needs. Discover how you can simplify your organization's finances so you can focus on making a difference.
DIF is a private deposit insurance fund that provides additional protection for depositors in Massachusetts.
DIF insures all deposits above the FDIC limits, up to the full amount of the deposit.
Non-Profit Services
Easy Business Checking Account
An easy and affordable account for businesses with a lower monthly transaction volume.
$5
Monthly Maintenance Fee
$1,000
Daily Minimum Balance1
150
Free Monthly Transactions3
Additional Features:
- Free Business MasterMoney™ Debit Card
- Secure electronic access
- RCB will not charge its cardholders to use any ATM2
1 Minimum Deposit of $100.00 to open an account. Monthly Maintenance Fee of $5.00 if the balance in the account falls below $1,000.00.
2 Other ATM operators may impose a surcharge fee.
3 $0.50 for any additional transactions.
Enterprise Business Checking Account
FOR LARGER ORGANIZATIONS
A full-featured account for businesses with moderate to high transaction volumes.
$10
Monthly Maintenance Fee
NO
Daily Minimum Balance1
NO
Max Limit on Transactions
Additional Features:
- Daily collected balance generates earnings allowance used to offset some fees2
- An array of optional treasury management services available
- Optional secure electronic access with user controls to delegate tasks and manage employee authorization2
- Free Business MasterMoney™ Debit Card
- RCB will not charge its cardholders to use any ATM3
1 Minimum Deposit of $100.00 to open an account.
2 Please refer to Business Fee Schedule for pricing.
3 Other ATM operators may impose a surcharge fee.
Business Money Market Account
A full-featured account for businesses with moderate to high transaction volumes.
$12
Monthly Maintenance Fee 1
$2,500
Daily Minimum Balance 2
3.00%
APY (Annual Percentage Yield) 2
Additional Features:
- Multiple tiers with various interest rates available
- Competitive rates
- Link to Enterprise Business Checking Account
1 Monthly Maintenance Fee of $12.00 if the balance in the account falls below $2,500.00. Fees may reduce the earnings on the account. This is a tiered rate. Rate may change after the account is opened. Annual Percentage Yield (APY) accurate as of 01/21/2025.
2 Minimum Deposit of $100.00 to open an account. Monthly Minimum Balance of $2,500.00 or more required to obtain Annual Percentage Yield of 3.00%
Cash Management
Maximize efficiencies by finding the right cash management tools for your organization's needs.
Meet with a Cash Management Expert
We will work with you to understand your organization and help you navigate the services that best address your financial needs.
Jessica Glezellis
VP, Cash Management Officer
Available Solutions:
- Business Online Banking
- ACH Origination 1,2
- Positive Pay 1
- Mobile Deposit
- Lockbox1,2
- Sweep Processing
- Remote Deposit Services 1 2
- Merchant Services
- Payroll and HR Services
1 Please refer to Business Fee Schedule for pricing.
2 Subject to Credit Approval.
Ready to get started?
Submit a grant application or visit a branch and one of our experts will help you navigate your non-profit's finances.
MEET OUR EXPERTS
Kerry Ranieri
VP, Community Banking & Development Officer
Gladys Martinez
VP, Community Banking & Development Officer
Our Commitment to Community
For over 135 years, RCB has strived to keep the communities we serve financially strong, sustainable, and vibrant. Our bank is made up of community members just like you, which means we're passionate about making the world a better place for our team and our neighbors alike.
From the bank and Reading Cooperative Charitable Foundation initiatives to free financial literacy and community development programs, we're always looking for new ways to make a difference and help our communities thrive.
Lawrence Community Room
We offer the Community Room, located in our 215 Canal St branch in Lawrence, MA, to anyone in the community to reserve and use at no charge. Our doors are open for those who need a place to hold meetings, seminars, and other public events in a clean, modern space.
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