Managing a successful nonprofit is no easy task. Many organizations are faced with a thin budget, limited resources and thousands of regionally competitive groups. In order to navigate these challenges, a cooperative structure of relationships ─ from volunteers to community partners ─ is vital to ensuring that no time or money is wasted.

Nonprofits have unique banking needs. When looking to open a nonprofit bank account, organizations should do the research to find a bank that will meet their specific goals. There are dozens of banks that offer products and services for nonprofits.