Modern Nonprofit Banking: Zero Fees & 2% Yield on All Funds

Nonprofit teams work hard to maximize every donation, grant, and earned dollar—but old-school banking rarely makes it easy. Between hidden fees, clunky systems, and one-size-fits-all accounts, nonprofit organizations face obstacles that traditional businesses don’t. What if your banking platform actually made your mission easier?

Introducing Holdings: The Financial Platform Built for Nonprofits

Holdings is reinventing nonprofit banking by offering zero-fee accounts, a 2% return on all balances, and tools designed for the way real organizations work. Whether you’re running one grassroots program or juggling complex grants, Holdings helps you manage funds, empower your team, and stay audit-ready—all in one place.

This guide covers how modern nonprofit banking should work, practical ways to segment funds, streamline expenses, and integrate your processes (from basic receipts to full-blown grant management). You’ll also find step-by-step instructions to get started and real tips for safer spending, tighter reporting, and stress-free compliance.

Why Nonprofit Banking Matters More Than Ever

Banking isn’t just storing funds. For a nonprofit, your banking platform must:

• Safeguard and segment restricted funding

• Track grant spending to the last dollar

• Empower staff and volunteers to spend safely

• Support rock-solid reporting (whether you use spreadsheets or Sage Intacct)

• Protect your funds with strong controls and compliance checks

The wrong banking setup wastes time, creates risk, and can jeopardize your mission’s credibility. The right setup, by contrast, helps you do more for your cause—without increasing your admin workload.

The Problem with Traditional Banks for Nonprofits

Most banks design their products for for-profit businesses, not for organizations that must track:

• Ten distinct grant budgets at once

• Group volunteer expenses by program

• Reconcile thousands of donations from events and campaigns

• Prepare for annual audits and reports

Not only do traditional banks often charge fees for features nonprofits need, but they rarely offer true fund segmentation or easy controls for staff spending. Manual work multiplies, errors creep in, and reconciliations become a monthly struggle.

Holdings: Built for Nonprofit Needs

Holdings offers a zero-fee, 2%-yield banking platform with virtual accounts for each program, grant, or fund. Nonprofits can control spending, automate reporting, and keep every dollar tracked from donation to delivery.

• Every dollar earns 2%—no tier gimmicks or minimums.

• Segment funds instantly with virtual accounts: see exactly how much is left for each grant, program, or campaign.

• Issue virtual and debit cards to staff or volunteers and set limits by fund, grant, or project.

• Enjoy zero hidden fees and no minimum balance requirements.

How Holdings Makes Financial Operations Simpler at Every Scale

Whether you’re a one-person shop or a multi-program organization:

• Segment without spreadsheets: Split your funds by grant, program, or donor restrictions—right inside your account.

• Team spending, stress-free: Give your team modern spending cards with real-time visibility and controls, eliminating complicated reimbursements.

• Easy bookkeeping: Everything syncs and is set up for audit readiness. Use Holdings’ own services or keep using your favorite accounting software.

• Integrate, don’t replace: Holdings plugs into commonly used tools (like Sage Intacct or QuickBooks) and offers clean exports for others.

No Fees, No Fluff—Just 2% Back on All Balances

Every nonprofit at Holdings earns a 2% annual return on balances, automatically. There are no hoops to jump through and no fees that eat into your funding. This means more resources for your programs—whether you’re saving for the next big initiative or simply building an operational cushion.

Segmenting Grant and Program Funds Without Spreadsheets

A major source of headaches in nonprofit finance is tracking restricted funds. Holdings lets you create virtual accounts dedicated to each:

• Grant

• Program

• Event or campaign

• Emergency reserve

Transfer or allocate gifts, grants, and earned income into these buckets without manual reconciliation. Your dashboard always shows real-time balances for each area, making reporting and compliance much easier.

Virtual & Debit Cards: Safer, Smarter Spending for Teams

Nonprofits often rely on staff, volunteers, or program directors to make purchases—and traditional purchase cards come with risk and red tape. With Holdings:

• Issue prepaid debit or virtual cards tied to specific programs, funds, or grants

• Set monthly or per-transaction limits

• Get instant notifications for every transaction (helpful for program managers and finance staff)

• Turn cards off/on whenever staff or volunteers change

No more chasing down paper receipts or worrying about out-of-policy spending.

Expense Management That Works for Real Life

Holdings makes it easy to manage expenses:

• Capture and categorize receipts on the spot—no more shoeboxes, no more spreadsheet nightmares

• Route expenses through pre-set approval chains (perfect for teams, boards, or auditors)

• Sync with your accounting system, or use Holdings’ integrated bookkeeping to keep everything clean

You’ll have a clear audit trail and can create reports with just a few clicks.

Powerful Bookkeeping: Stay Clean and Ready for Audits

Not every nonprofit has a bookkeeper (let alone a Finance Director), but every nonprofit needs clean books. Holdings’ built-in bookkeeping connects seamlessly to your spending, virtual accounts, and receipts.

If you already have Sage Intacct or QuickBooks, no worries—Holdings simply sends expense data with the right tags, making reconciliation fast.

If you want it all in one place, Holdings’ bookkeeping team can help you keep your records audit-ready.

2% Earnings on Every Dollar—Frequently Asked Nonprofit Questions

How does the 2% return actually work?
Every dollar parked in your Holdings account earns 2%—automatically calculated and deposited. There are no complex terms, no required minimums.

Is my nonprofit’s money safe?
Holdings accounts provide FDIC insurance (up to qualified limits) and maintain strong compliance controls. You’ll get real-time alerts and digital security best practices.

Can I set up accounts for each program or grant?
Yes! Create virtual accounts for as many projects, campaigns, or restrictions as you need. Move funds between them instantly and see a real-time balance for each area.

Zero Fees: Your Money Goes Further

Traditional banks may nickel-and-dime your organization with maintenance, wire, or transaction fees. At Holdings, there’s no cost to open an account, no fees on cash transfers, and no penalties for using your money when you need it.

This frees more of your budget to pursue your mission and deliver on every promise to donors, staff, and community.

Integration, Not Interruption: Compatible With Your Favorite Tools

If your organization already uses accounting platforms like Sage Intacct or QuickBooks, Holdings won’t force you to change. Instead, Holdings:

• Directly integrates with supported tools, syncing your expense and deposit data

• Provides downloadable exports in standard formats for everything else

• Lets you easily share reports with program directors, board, or auditors

You can keep your current workflows and still benefit from Holdings’ modern controls and segmentation.

Program, Grant, and Reserve Management—Without the Complexity

At Holdings, you don’t need financial jargon or a specialized finance team to keep things straight. Manage each fund right inside your dashboard, use built-in rules for how money can be spent, and always know where your resources stand.

If you outgrow a single checkbook and sticky notes, Holdings grows right with you—offering scalable solutions and better controls at every step.

How to Open a Free Holdings Nonprofit Account

Opening an account with Holdings is a straightforward process designed for busy nonprofit staff:

1. Gather your organization’s EIN, legal formation documents, and a list of your directors or authorized signers.

2. Apply online directly via the Holdings website—no branch visit needed.

3. Upload secure identity verification as requested.

4. Make an initial deposit through ACH, wire, or by transferring in from another account.

5. Set up virtual accounts for each program, grant, or fund.

6. Issue cards and spending privileges to team members as needed.

7. Connect Holdings to your existing accounting or bookkeeping tools (if desired).

The whole process is mobile responsive. You can complete most steps from anywhere your web browser works.

Managing Virtual Accounts: Segmenting Funds with Ease

After opening your Holdings account, you can:

• Name each virtual account by grant, program, event, or department.

• Allocate income or reserves directly to the correct virtual account as deposits come in.

• Move funds between accounts for reallocation with full documentation.

• Generate instant reports on balances and spending activity by virtual account.

This makes tracking restricted vs. general funds effortless, ensuring compliance with grantor and donor requirements.

Empowering Your Team: Safe, Controlled Spending

Nonprofits depend on empowered staff and volunteers. Holdings lets you:

• Issue new cards instantly, with unique controls for each person or program.

• Set spending limits by category (e.g., travel, office supplies, program expenses).

• Require receipts to be submitted with transaction details for every purchase.

• Pause or cancel cards if programs end or staff roles change.

Everyone operates within clear, pre-set boundaries—no surprises, no end-of-month confusion.

Streamlined Expense Approvals & Audit Trails

Holdings comes with built-in tools to:

• Route expenses for approval based on your policies.

• Flag out-of-policy transactions for follow-up.

• Download audit-ready reports by grant, program, or fiscal period.

This minimizes the risk of lost receipts or manual errors, and makes audits (internal or external) much less stressful.

Real-Time Visibility and Reporting for Boards and Funders

Stakeholders expect transparency. With Holdings, you can:

• Give view-only dashboard access to funders or board members.

• Generate PDF or spreadsheet reports by fund, program, or time period.

• Demonstrate real-time spending and balances for each restricted account.

Satisfy reporting requirements without late nights or spreadsheet emergencies.

Safe, Compliant, and FDIC-Insured

Every Holdings account includes:

• FDIC insurance up to applicable limits

• Multi-factor authentication and strong digital security

• A detailed activity log to spot and address any unusual behavior quickly

You’re in control—and so is your finance team.

From Solo Organizers to Full-Fledged Finance Teams

Holdings was built for the full spectrum of nonprofit operations:

• Bootstrap teams just starting with a single program

• Growing organizations handling state or federal grants

• Complex nonprofits managing multi-million dollar programs and audits

You’ll find that Holdings reduces manual work and increases control, no matter your stage of growth.

Built-in Bookkeeping Support When You Need It

Running lean? If your organization lacks finance staff, Holdings offers integrated bookkeeping services:

• Keep your accounts organized and audit-ready

• Manage expense categorization, reconciliation, and reporting

• Access expert guidance for accounting questions at any time

You can catch up on overdue books and stay updated with less effort.

For the Tech-Savvy (and Less So): User-Friendly for Any Workflow

Holdings is designed for real-world nonprofit work. Whether you love spreadsheets, export clean reports directly from your account, or sync seamlessly with more robust systems, the platform adapts.

There’s no requirement to replace your accounting tools—just bring Holdings alongside them for better cash and expense control.

Support That's Actually Supportive

Holdings understands that every nonprofit is different. Customer support is available to help solve your unique banking, compliance, and operational challenges, whether you need a walkthrough for setting up virtual accounts, advice on card controls, or help integrating with Sage Intacct or QuickBooks.

What You'll Never Get With Holdings

You’ll never face:

• Surprise fees that drain your program budgets

• Outdated, frustrating online interfaces

• Unnecessary paperwork or in-person branch visits

• Forced upsells for services you don’t need

Instead, you’ll get practical, flexible tools at every step.

Frequently Asked Questions for Nonprofits

What documentation do I need to open a Holdings account?
Gather your organization’s EIN, formation documents, and information on your authorized team.

Is there a minimum deposit or monthly fee?
Nope—accounts are free to open, with no minimums or hidden charges.

Can we issue cards for program staff or volunteers?
Absolutely! Create as many as you need, with custom controls on each.

Does Holdings offer a mobile app?
Holdings can be accessed and used from any web browser, including on mobile devices.

What about security and insurance?
Holdings offers FDIC insurance for your deposits and strong digital security.

Get Started and Experience Simpler, Smarter Nonprofit Finance Today

Ready to reduce risk, eliminate spreadsheet headaches, and get more from every funding dollar? Holdings makes modern financial operations easy and accessible for mission-driven teams:

• Open your free Holdings nonprofit account online

• Segment funds instantly for better grant and program reporting

• Empower your team with safe, controlled spending tools

• Stay audit-ready with clean, automated bookkeeping

• Use what you like—integrate with Sage Intacct, QuickBooks, or others

Your mission deserves a financial platform that works as hard as you do.

Experience Holdings: Flexible, Powerful Banking for Every Nonprofit

No matter your size, structure, or accounting setup, Holdings adapts to your needs. Open your nonprofit's account today and see how easy, safe, and efficient modern nonprofit banking can be. Your cause, your money—now working together for good.