What documents do I need to provide to identify my business?
What information do I need to provide for authorized signers?
What tax ID numbers are needed?
What is the minimum deposit to open a new account?
Opening a Business Checking Account
What documents do I need to provide to identify my business?
- Sole Proprietorship: Certificate of Assumed Name from the State of Minnesota.
- Partnership: Partnership Agreement and Certificate of Good Standing from State of Minnesota.
- Corporation: Articles of Incorporation and Certificate of Good Standing from State of Minnesota.
- LLC: Articles of Organization and Certificate of Good Standing from State of Minnesota
What information do I need to provide for authorized signers? Each authorized signer on the account needs to provide a valid driver's license and his/her social security number in addition to their current address. What tax ID numbers are needed? In the case of a sole proprietorship, the tax identification number needed will generally be the owner's social security number. For other types of businesses, a federal tax identification number will need to be provided. What is the minimum deposit to open a new account? The minimum deposit to open an account is $200.00. Click here to return to the Research Center | 
