Opening a Bank Account for Nonprofit Organization

Opening a bank account is the second logical step in starting a non profit organization.
Generally you will have to furnish the identity proof and address proof of all the members on the board of the organization along with the copy of registartion of the non profit organization.

The members on the board of the non profit organization will then have to draft a resolution in the format which would look like –

DATE: xx-mm-yyyy

RESOLUTION OF TRUSTEES FOR OPENING A BANK ACCOUNT

(1) Resolved that a bank account be opened at XYZ Bank, {Address of the branch} to carry out the routine banking transactions of the trust.

(2) Further resolved that the account be operated by any one / two of the autorised signatories of the trust for and on behalf of the trust.

(3) Resolved further that the copies of the foregoing resolutions certified to be true copies by Mr. MMMM the settlor of the trust be furnished to Bank and they be requested to act thereon.

Trustees

1. mmm

2. nnnn
3. zzzz