Devote Savings is built for nonprofits, churches and associations established in the United States. Other organizations can apply too, and we review those case by case.
The application has three or four parts, and your answers are saved at every step.
1. Organization
- Legal name, and an optional nickname
- Type of organization (Non-Profit, Government Entity, Homeowners Association, Law Firm, LLC – Multiple Member, LLC – Single Member, Partnership, Privately Held Company, Public Company or Sole Proprietorship)
- Nine-digit EIN
- State and date the organization was formed
- The street address where the organization is physically located, in a U.S. state or D.C. A PO box or virtual mailbox isn't accepted. Homeowners associations also give a mailing address.
- Ten-digit phone number
- About how much you expect to deposit, which must be at least $1,000
2. Controlling party. This is someone with significant responsibility for managing the organization, such as its executive director, CEO or treasurer. For them you'll need:
- Full name, title, email, phone and home address
- Date of birth (they must be 18 or older)
- Social Security number or ITIN
- A driver's license, passport or other government ID: its number, who issued it and an expiration date that hasn't passed
3. Owners (LLCs, partnerships, law firms, privately held companies and sole proprietorships only). You'll give the same details for each person who owns 25% or more. Nonprofits, government entities, public companies and homeowners associations skip this step.
4. Review and submit. You certify that you're authorized to open the account and that the information is complete. You also accept the savings account terms and the Devote Savings Terms of Service.
You don't upload documents with the application. The verification step afterward asks for a photo ID. Social Security and ID numbers are stored sealed, and the app only ever shows their last four digits.
Still have a question? Email support@usedevote.com, or browse the Help Center.
