Prepare your business information and documents in advance for a faster setup of your deposit account. This helps verify your business and the key individuals associated with it.
Before you begin the application process online or in a branch, here are a few general items to have on hand. Also, please note: If you’re opening an account in a branch, all signers are required to be present with their necessary identification and documentation materials.
Business Details:
- Legal business name
- Business address
- NAICS classification code
- Date business was established
- Annual revenue
- Business email
Identification:
Each authorized signer on the account and anyone who owns 25 percent or more of the business (if applicable) will need:- A valid, unexpired government-issued photo ID (driver’s license, state-issued identification or passport)1
- Social Security Number (SSN)
1You may not need to upload a copy of your ID if you're applying online. However, you will still need the ID itself on hand to enter information from it during the application process. For verification purposes, we may request that you upload your ID in some instances.
Once you have these items gathered, you can select your business structure from the dropdown menu to see the documents you'll need.2
2Additional documents may be required before your business deposit account can be opened.
Sole Proprietor
3In Utah, if your business operates under a 'Doing Business As' (DBA) name that matches the owner's name (e.g., John Doe DBA John Doe), you won't need additional registration from the state of Utah. However, if your business operates under a different name, you'll need to ensure it's registered with the state.
General Partnership
3In Utah, if your business operates under a 'Doing Business As' (DBA) name that matches the owner's name (e.g., John Doe DBA John Doe), you won't need additional registration from the state of Utah. However, if your business operates under a different name, you'll need to ensure it's registered with the state.
Limited Partnership
3In Utah, if your business operates under a 'Doing Business As' (DBA) name that matches the owner's name (e.g., John Doe DBA John Doe), you won't need additional registration from the state of Utah. However, if your business operates under a different name, you'll need to ensure it's registered with the state.
Limited Liability Partnership (LLP)
3In Utah, if your business operates under a 'Doing Business As' (DBA) name that matches the owner's name (e.g., John Doe DBA John Doe), you won't need additional registration from the state of Utah. However, if your business operates under a different name, you'll need to ensure it's registered with the state.
Limited Liability Corporation (LLC)
3In Utah, if your business operates under a 'Doing Business As' (DBA) name that matches the owner's name (e.g., John Doe DBA John Doe), you won't need additional registration from the state of Utah. However, if your business operates under a different name, you'll need to ensure it's registered with the state.
Corporation
3In Utah, if your business operates under a 'Doing Business As' (DBA) name that matches the owner's name (e.g., John Doe DBA John Doe), you won't need additional registration from the state of Utah. However, if your business operates under a different name, you'll need to ensure it's registered with the state.
Associations or Organizations
3In Utah, if your business operates under a 'Doing Business As' (DBA) name that matches the owner's name (e.g., John Doe DBA John Doe), you won't need additional registration from the state of Utah. However, if your business operates under a different name, you'll need to ensure it's registered with the state.
Public Fund
3In Utah, if your business operates under a 'Doing Business As' (DBA) name that matches the owner's name (e.g., John Doe DBA John Doe), you won't need additional registration from the state of Utah. However, if your business operates under a different name, you'll need to ensure it's registered with the state.
Funding Your Account:
In Branch: You can make your initial deposit with cash or check.
Online: You have two options for funding your account:
- Securely enter your online banking credentials from your financial institution. (This will initiate a secure transfer from your existing account).
- Manually enter your routing and account numbers for your financial institution, along with your driver's license number and the issuing state. (This information is required to verify your ownership of the linked account.)
Additional Information, Depending on Your Business:
In addition to the basic requirements, we may request some additional information depending on the nature of your business:For businesses with ATMs:
- ATM lease agreement
- ATM ownership agreement
- List of ATM locations with addresses
- Copy of your ATM policies and procedures
For understanding your cash flow:
To better serve your business needs, we may also ask you about your expected cash flow. By providing the following information, you'll help us ensure your business account has the features and capacity to handle your specific needs.
- Cash and check activity, including an estimated monthly deposit/withdrawal volume
- ACH transfers, including an estimated number of transfers originated/received
- Domestic and foreign ACH deposits/withdrawals, including an estimated monthly deposit/withdrawal volume
- Domestic and foreign wire deposits/withdrawals, including an estimated monthly deposit/withdrawal volume