Business Account Opening Checklist

CORPORATION

You will need the following business documents:

• EIN of the Corporation
• Fictitious Name Statement if the corporation does business in a name other than the corporate name
• Driver’s License or other valid identification for President, Secretary, and all Authorized Signers to be on account

 

LIMITED LIABILITY COMPANY

You will need the following business documents:

• EIN of the LLC
• Fictitious Name Statement if the LLC does business in a name other than the LLC name
• Driver’s License or other valid identification for Member(s), and all Authorized Signer(s) to be on account

 

SERIES LIMITED LIABILITY COMPANY

You will need the following business documents:

• EIN of the LLC
• Operating Agreement of Parent LLC listing specific Series and any amendments
• Resolution or Meeting minutes on company letterhead detailing person(s) that have authority to do banking on behalf of each Series. This document must be signed by those responsible for managing the Parent LLC as listed by the Secretary of State website
• Fictitious Name Statement if the Series LLC does business in a name other than the LLC name
• Driver’s License or other valid identification for Member(s), and all Authorized Signer(s) to be on account

 

NON-PROFIT CORPORATION

You will need the following business documents:

• EIN of the Corporation
• Copy of 501c if opening an interest-bearing account
• Fictitious Name Statement if the corporation does business in a name other than the corporate name
• Driver’s License or other valid identification for President, Secretary, (Officers) and all Authorized Signer(s) to be on account

 

LIMITED LIABILITY PARTNERSHIP

You will need the following business documents:

• EIN of the Partnership
• Fictitious Name Statement if the LLP does business in a name other than the LLP name
• Driver’s License or other valid identification for Partners to be on account

 

UNINCORPORATED NONPROFIT ASSOCIATIONS (Social/Recreational Clubs, Civic Groups)

You will need the following business documents:

• EIN of the Association
• Letter or Meeting Minutes from organization on their own letterhead assigning authority to open accounts and listing signers on the account(s) with title(s)
• Fictitious Name Statement (if applicable)
• 501c paperwork if opening an interest-bearing account
• Driver’s License or other valid identification for Club/Group Officers, and any Authorized Signer(s) to be on account

 

Important Information About Opening a Legal Entity Account

Effective May 11, 2018, new rules under the Bank Secrecy Act will aid the government in the fight against crimes such as terrorism, money laundering, tax evasion, fraud, and other national security threats.
EACH time an account is opened for a covered Legal Entity, we are required to ask you for identifying information (name, address, date of birth, social security number (as well as identification documents) for each individual that has beneficial ownership (25% or more) and one individual that has significant managerial control of the Legal Entity.
If you are opening an account on behalf of a Legal Entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.
We support all efforts to protect and maintain the security of our clients and our country. We appreciate your cooperation in assisting us to comply with this federal regulation.