Opening a Business Bank Account
Opening a business bank account should be one of the first steps of starting a new business, as even the owner of the smallest business needs a place to manage funds independently from their personal finances.
Whether you’re starting a new business or looking to transfer your existing business accounts to a new bank, Honor Bank offers business accounts to fit your needs, no matter what type of business you have.
Choosing the region’s original community bank means keeping your money in the community where it can benefit our local economy – and having easy access to your bankers, no matter what comes up!
How to Open a Business Bank Account
Opening a business bank account requires a little bit of paperwork, so we help you through the process in person. Visit any of our convenient locations to open a business bank account today and get to know your local banker.
What Documents Do I Need to Open a Business Bank Account?
Depending on your type of business, you’ll need to bring different documents to open an account. Choose your business structure from the list below to determine what you’ll need. Please note: additional documents may be required before a business account can be opened. This list may change as applicable state and federal regulations or internal requirements change.
My Business Structure Is A:
- Valid identification (examples of acceptable forms of identification include a Driver’s License, State-Issued Identification Card, Passport, Alien Identification Card)
- Social Security Number
- Assumed Name Certficate (also known as “Doing Business As” or “DBA”)
- Employer Identification Number (if applicable).
- Valid identification for each General Partner and all signers (examples of acceptable forms of identification include a Driver’s License, State-Issued Identification Card, Passport, Alien Identification Card);
- Employer Identification Number;
- Partnership Agreement showing business name and names of partners;
- Personal information about any business owner who owns 25% or more of the business, and the control person of the legal entity.
- Valid identification for each Partner and all signers (examples of acceptable forms of identification include a Driver’s License, State-Issued Identification Card, Passport, Alien Identification Card);
- Employer Identification Number;
- Partnership Agreement showing business name and names of partners;
- Limited Partnership Certificate;
- Personal information about any business owner who owns 25%, and the control person of the legal entity.
- Valid identification for each Member and all signers (examples of acceptable forms of identification include a Driver’s License, State-Issued Identification Card, Passport, Alien Identification Card);
- Social Security Number, if the business is a Sole Member LLC
- Employer Identification Number (if applicable);
- Current Articles of Organization;
- Assumed name certification if applicable
- Personal information about any business owner who owns 25%, and the control person of the legal entity.
- Valid identification for each authorized signer (examples of acceptable forms of identification include a Driver’s License, State-Issued Identification Card, Passport, Alien Identification Card);
- Employer Identification Number;
- Current Registration of Limited Liability Partnership;
- Limited Liability Partnership Agreement showing business name and names of partners;
- Personal information about any business owner who owns 25%, and the control person of the legal entity.
- Valid identification for each authorized signer (examples of acceptable forms of identification include a Driver’s License, State-Issued Identification Card, Passport, Alien Identification Card);
- Employer Identification Number;
- Current Articles of Incorporation;
- Assumed name certification if applicable
- Personal information about any business owner who owns 25%, and the control person of the legal entity.
- Valid identification for each authorized signer (examples of acceptable forms of identification include a Driver’s License, State-Issued Identification Card, Passport, Alien Identification Card);
- By-laws, Charter, Constitution, or other governing document;
- Employer Identification Number;
- Letter of intent or meeting minutes to open the account.