Out of curiosity- what instances are y’all on - and why? What are the pros and cons of the various instances you have chosen?
@Paulatics prior moderator with mstdn.ca. Swapped to ottawa.place earlier this year due to my own personal issues with the instance. Out of curiosity, why can't we get a canada.ca instance for government officials? This way you have complete control over the instance’s operations and governance.
@erin @Paulatics I've offered a few times, but I'll say it again: if anyone in the 🇨🇦 government wants some assistance setting up an official Mastodon instance, I would be very happy to do so. There's even a non-profit for this instance (spoiler alert!) that we can do this through, if it would make that any easier!

@andrew amazing offer!

And if you need any help with the nonprofit or community development side of the instance, this is where my experience lies. Happy to volunteer my time to support any current or future initiatives.

@Paulatics

@erin (dropping Senator Simons so as not to flood her with notifications)

I do actually have one question, if you don't mind... Leigh and I have a nonprofit that we're in the process of transferring the infrastructure / assets for the instance to (federal corporation # 1652828-7 if you're curious). One of the things we want to do is set up a bank account specifically for the instance, to help keep the funds separate from our personal cards/accounts/etc.

Do you have any suggestions or recommendations on banks here in Ottawa that are good for nonprofits? In my (very limited) searching, all I've found so far are accounts with pretty high monthly fees, in some cases a good percentage of the total operating cost of this instance 😵‍💫

@andrew Without knowing the instance's cash flow and transaction needs, have you looked into any credit unions? Alterna and Meridian come to mind. I'm familiar with Alterna (as a personal user).

Alterna: https://www.alterna.ca/en/business/community/resiliency-program

Meridan: https://www.meridiancu.ca/business-banking/accounts/community-not-for-profit-account

You could also look into Tangerine. They don't explicitly state they offer a nonprofit but their business accounts may include the option.

The big banks all look like they have a low-cost account for non profits however it seems very dependent on cashflow and monthly transaction usage.

If EQ bank ever offers a non profit account (they currently do not) I would likely recommend them.

Alterna - Resiliency Program

@andrew @erin not sure what the credit unions do out there but here in BC we have special rates for them to support them. Check out you local CU.
@Bwacton @andrew @erin
Seconded for credit unions over any big banks.
VanCity is extremely friendly with nonprofits. 3 of the nonprofits I work with & 1 nonprofit that I do contract work for, all use & rave about VanCity CU. Most credit unions are excellent for nonprofits.
@andrew @erin Have you looked at Desjardins (also a Coop)?
@WTL @andrew @erin note: a Lot has changed at Desjardins in the past year, so be sure to look at *current* info.
@deborahh @andrew @erin I opened a business account there in February. Felt a bit round about, but so far, so good.
@andrew @erin not Ottawa but I'm associated with an org that changed from TD to CIBC but don't love the service from either. My spouse used to work for a credit union; that could be an option too.

@andrew @erin Desjardins is a coop and is really good for non-profits. I know a bunch of their branches in Ontario were taken over by another coop some years ago but they still have branches in Ottawa, including one in Orléans. On a provincial level, they’re the largest financial institution in Quebec (yes, bigger than RBC or BoM!), so they’re very stable and well-regarded.

Edit: Meridian! Meridian is who took some branches over.

@andrew @erin Full disclosure: I worked for them over 20 years ago, but I still love them.

And like Masto, if you don’t like the way your branch works, you can move to the next one over, as while running under the same banner, all are independent, with their own board.

@andrew @erin

I bank with Alterna Savings, they are a cooperative. They seem all right. They might be sympathetic, I have no experience with them that way.

There are other coops in town as well.

@bjb @andrew @erin concur with that suggestion.

Big bank costs my company $300+/mo just for daily use, holding 6-digits in chequing, none of that is CC processing.

Credit union is like... $1.20-1.85/mo. Same sort of balance.

(CC processing is around $10K/a)

Also having the ability to viably threaten to close an account is the absolutely the secret tech.