Checking accounts are a no-brainer for businesses.
To open a business account, you’ll need a few different documents. The documents you’ll need depends on things like the type of business, its tax filing status, and the different people who will use the account. The info below will tell you exactly which documents you’ll need for your business.
business checking account requirements
Corporation
- Business Tax ID Number
- Articles of Incorporation
- By Laws
- Certification of Beneficial Ownership (Download)
- 501 (c)(3) Nonprofit Designation (If applicable)
- Trade Name (DBA) Registration (If applicable)
Limited Liability Company
- Business Tax ID Number
- Articles of Organization
- Operating Agreement
- Certification of Beneficial Ownership (Download)
- 501 (c)(3) Nonprofit Designation (If applicable)
- Trade Name (DBA) Registration (If applicable)
Partnership or General Partnership
- Business Tax ID Number
- Partnership Agreement
- Certification of Beneficial Ownership (Download)
- Trade Name (DBA) Registration (If applicable)
Sole Proprietorship
- Business Tax ID Number (If applicable)
- See below for individual documentation
- Certification of Beneficial Ownership (Download)
- Trade Name Registration (If applicable)
Limited Liability Partnership or Limited Partnership
- Business Tax ID Number
- Articles of Limited Liability Partnership / Limited Partnership
- Partnership Agreement
- Certification of Beneficial Ownership (Download)
- Trade Name Registration (If applicable)
Account Signers and Beneficial Owners
Individual Signer
- Social Security Number
- 2 Forms of ID – one must be a Government Issued Photo ID
Beneficial Owner
(Individual that owns 25% or more of the entity)
- Social Security Number
- Government Issued Photo ID