What you’ll need to open a business deposit account

What you’ll need to open a business deposit account

When opening a business checking or savings account, all banks are required to obtain information verifying the business as well as the individuals associated with the business.

  • If you open an account in a banking location, all owners, partners, and key executives need to be present at account opening and should provide:
    • Original copies of your business documents
    • Taxpayer Identification Number for both the business and the individuals opening the account (e.g. Employer Identification Number for the business and Social Security Number for individuals)
    • Personal identification, which must be issued by a government agency  (e.g. drivers license or passport)
  • If you apply online, you will receive instructions for how to provide us with your business documents.

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The F&M Way

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