Banking Services for Non-profit Organizations

Your organization needs financial services that will save money and help you raise it, plus banking that’s easy and convenient. We get it.

Alterna is guided by our commitment to support the well-being of our members, employees and communities. We promote community economic development through micro-lending initiatives, encourage our members to be financially knowledgeable, give back through many charitable activities and continually strive to be transparent at every level of our operation.

As part of our commitment to community we offer specialized banking products for:

Incorporated Non-Profit Organizations (and cooperatives without share capital)

  • The Community Plus Chequing Account includes:
  • Daily Interest
  • Free cheque clearing 
  • Free pre-authorized/electronic debits and deposits 
  • Free branch deposits 
  • Free monthly maintenance 

Find out more by visiting the Community Plus Chequing Account page.

Housing Cooperatives and Non-Profit Housing Providers

Housing co-operatives that are  members of their local Co-operative Housing Federation and non-profit housing providers that are members of ONPHA, are eligible for the CHIP Daily Interest Chequing account, which includes:

  • Daily Interest – our highest rate on a chequing account
  • Free in branch deposits and transfers
  • Free monthly maintenance
  • Free Chargebacks
  • Reduced fees for cheque clearing and pre-authorized debits and credits

Find out more by visiting the CHIP Chequing Account page.

Unincorporated Associations

Unincorporated Associations play an important role in our community, and unfortunately often find it difficult to access banking services.  Alterna has a variety of banking packages available to unincorporated community-based associations.  Packages available to unincorporated associations include:

Basic Value Unlimited Pay As You Go
Monthly fee $4 $10 $14 $0 - Pay per transaction
Day-to-day
transactions
20 35 Unlimited N/A
Fee waived with
minimum monthly
balance of $1,000
Yes

Additional Banking Services

Value-Added Services

Alterna can help position your organization for financial success with our extra-special, value-added services like:

  • Educational/financial seminars for your members/clients 
  • Special rates for your employees, members and volunteers
  • Designated account manager 

To find out more, please contact:

Cecelia Martins Toronto, Ontario
Community Account Specialist cecelia.martins@alterna.ca
416.213.7900 ext. 7617
613.560.0150 ext. 7617
† Honorarium will only be calculated and offered on the first $250,000
*Mutual funds and other securities are offered through Qtrade Advisor. Online brokerage services are offered through Qtrade Investor.  Qtrade Advisor and Qtrade Investor are divisions of Qtrade Securities Inc., member IIROC & CIFP.  Mutual funds are also offered through Qtrade Asset Management Inc., member MFDA.