What Documents Do I Need to Open a Business Checking Account?

To open a business checking account, you typically need to provide the following documents:

  1. Business registration documents: You need to provide proof that your business is registered with the government. This could be in the form of your business license, Articles of Incorporation or organization, or a Doing Business As (DBA) certificate.

  2. Employer Identification Number (EIN): You need to have an EIN, which is a tax identification number assigned by the IRS. You can apply for an EIN online at the IRS website.

  3. Business ownership information: You’ll need to provide information about the owners of the business, including their names, addresses, and Social Security numbers or Tax Identification Numbers.

  4. Identification documents: You’ll need to provide identification documents for each authorized signer on the account, such as a driver’s license or passport.

  5. Business financial documents: You’ll need to provide financial documents for your business, such as your business plan, financial statements, or tax returns. These may not be required by all banks, but they can help you to establish credibility and provide evidence of your business’s financial health.

It’s important to note that the specific documents required may vary depending on the bank and the type of business you have. It’s a good idea to contact the bank directly and ask what specific documents they require.