Business Checking

Frequently Asked Questions

• What should I bring to open a Business Checking account?
  To open a business checking account, bring the following items:

  1. Government Photo ID (driver’s license, passport, or another form of government issued photo identification)
  2. Second form of ID (debit card, credit card, letter with your name, some other form of identification)
  3. Social Security Number
  4. Deposit of at least $25
  5. Beneficial Ownership Certification Form (see our FAQ on beneficial owners)

  Additional documents will be required for opening a business account depending on the type of business that you have.

  • Sole Proprietorship (Business Name Registration, Business License, EIN or Social Security #)
  • Partnership (Articles of Incorporation, Partnership Agreement, Business License and EIN)
  • Corporation or LLC (Articles of Incorporation, Business License, EIN)
  • Association or Club (Letter authorizing signer, EIN)
  • Non-Profit Organization (Articles of Incorporation, EIN, Letter from National Organization if local chapter)
• What is a beneficial owner certification form?
  Federal law requires that we collect information about beneficial owners for new business accounts. Beneficial owners are individuals who own 25% or more of the legal entity and individuals who have significant responsibility to control the legal entity. You can download and fill out a beneficial owner form to bring with your new account. The form needs the following information from beneficial owners:

  1. Name
  2. Address
  3. Date of birth
  4. Social Security Number
  5. Driver’s License, State-Issued Identification Card, Passport, or Alien Identification Card

  If you have questions, we'd love to help! Call us at (435) 723.3437 and ask for a New Account Specialist.