Specialized Checking Accounts
We recognize that managing finances for organizations such as youth sports teams, clubs, alumni associations, and other small not-for-profits needs to be easy and convenient. We also recognize that banking services need to fit into your organization's budget. That's why we have developed the Burke & Herbert Bank Organization Checking Account.
Organization Checking is a cost-effective and convenient choice for small not-for-profit organizations. There's no monthly fee or minimum balance, and your first 50 transactions1 per month are free of charge. And, you'll enjoy convenient account access with your free Burke & Herbert Bank Business Visa® Debit Card and free Business Online Banking and Online Bill Pay.
Non-Profit Interest Checking
Our Non-Profit Interest Checking Account is designed for larger non-profits and provides more than a great value for your everyday banking needs – it provides banking convenience as well.
Offering competitive interest rates, the Burke & Herbert Bank Non-Profit Interest Checking Account is like having a fundraiser built into your account. You'll earn interest and avoid monthly fees with a $25,000 average daily balance. And, to help save even more, there are no transaction or per-item fees for most debits and credits.1
Like all of our business checking accounts, the Non-Profit Interest Checking Account comes with a free Burke & Herbert Bank Business Visa® Debit Card and free Business Online Banking with Bill Pay. It's the perfect way to get more for your organization without having to spend more.
IOLTAs (Interest on Lawyers' Trust Accounts)
Interest on Lawyers' Trust Accounts (IOLTAs) are designed exclusively for attorneys to place certain clients' funds in a separate trust account. The Burke & Herbert Bank IOLTA features no minimum balance or monthly fee and interest is earned on your entire account balance. Interest earned is transferred to the Legal Services Corporation of Virginia (LSCV) to fund legal services for low income individuals.
To learn more or open a checking account for your organization, visit a local Burke & Herbert Bank branch, or call us at 703-684-1655 and ask to speak with a Business Banking Officer.
1. Transactions include most debits, credits, and the items that make up those credits. Certain transactions have separate fees. See Schedule of Fees for details.