1. Opening an Account
Opening an account, and creating a bank account* is does not cost a penny. Just make sure you have all of your organization’s information handy to speed up the process: EIN, Legal Entity Name, and Business Address. See our guide for opening a bank account* for help
2. Depositing funds
Once your account is opened, bring money into your account to enable all of the financial features. Deposit funds via Plaid/ACH or deposit a check to fund your account with no fees. See our deposit guide.
3. Creating Collections
When you create a fixed amount Collect, make sure to select the option “have payers absorb processing costs.” This will have your supporters/members cover the payment processing fee, and your organization will not need to pay anything.
4. Creating Expense Cards
Assign unlimited virtual debit Expense Cards for free for contacts. There are no costs associated with creating a virtual debit card or using it to spend (within the US). Your organization can spend your funds as you wish! Virtual cards are also much less prone to fraud and loss.
5. Avoiding Transfer Fees
Avoid spending through ACH or check and use an Expense or Admin digital debit card instead. Admin cards are auto-loaded with the balance of the main checking account – perfect for big ticket purchases! Sending an ACH or check comes with a fee (check our fee schedule for the updated feed).
6. Withdrawing Cash
If you need to withdraw cash, do so at any Allpoint Network ATM, located around the country for free.