CORPORATE BANK ACCOUNT CHECKLIST

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U.S. commercial banks require corporations (and Limited Liability Companies) to provide a specific list of documents in order to open a Business Bank Account for each newly created entity.

Also, under Federal law, it is mandatory that checks (and other payments) made payable to a company be deposited in a Business Bank Account bearing the same name as the company. Inc. Plan (USA) is pleased to provide you with a Checklist of key items that you should submit to your bank representative when you apply for your Business Bank Account.

You may print this page for your own reference.

(Please note that the requirements listed below can vary from bank to bank.)

  • Certificate of Incorporation (or Formation) issued by the Secretary of State
  • Federal EIN Number
  • Customized Corporate Seal (included in your Corporate Book)
  • Corporate Resolution that specifically designates the individual(s) authorized to act on behalf of your company.
  • Photo Identification (typically a driver’s license or passport)

Got a question about Bank Accounts? Ask the experts!

We welcome the opportunity to advise you on how to prepare for your meeting with your local bank representative.
Please call us at (800) 462-4633 so that we may assist you with this process.

Upon request, Inc. Plan (USA) can help you open a Business Bank Account with an FDIC insured bank in the state of Delaware. Please contact us for further details.

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About the Author

Jacques Luben
Jacques Luben

Jacques Luben is a graduate of the University of Pennsylvania and holds an MBA degree from Columbia University. He has occupied management positions at Merrill Lynch and Morgan Stanley in New York City. In addition, for 15 years, he served as the Executive Director of Platinum Guild International (USA), a leading mining trade association with offices in six countries.

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