Questions | Nonprofits & Foundations | Merchants Trust Company

Merchants Trust Company

Do I have to pay to lock in my interest rate?

Do I have to pay to lock in my interest rate?

Absolutely not, we have a free rate lock program that guarantees your interest rate for 30 days. Check our rate lock policy for full details.
How do I order checks?

How do I order checks?

You can order your checks online - whether you have changes or not.
What’s the difference between a SEP IRA and a Simple IRA?

What’s the difference between a SEP IRA and a Simple IRA?

Income level is a big difference along with the penalty for withdrawals and who can contribute to the account.
Can I pay anyone with bill payment?

Can I pay anyone with bill payment?

Yes, you can pay bills in US dollars to any company or individual located in the continental United States, except tax payments, security purchases, and court-ordered payments. Your payments are deducted electronically and paid by check if your payee cannot accept an electronic payment.
Do I need to have a Merchants Bank account to apply?

Do I need to have a Merchants Bank account to apply?

No. However, we offer a discounted interest rate if you have your monthly payment taken directly from a Merchants Bank account.

How should we invest to balance our current and future needs?
How much can be drawn upon for current operations without jeopardizing future support?
What are the tax considerations for donors of different methods of giving?
Do we have an investment process in place that meets our responsibilities as a fiduciaries and stewards of the funds entrusted to us.

Investment Products:
Not FDIC Insured
Not A Deposit
No Bank Guaranty
May Lose Value