Account Opening Checklist | Business Banking

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What you need to take to the branch

A non-expired government-issued photo ID
Accepted ID include: Driver's License, passport, state-issued ID, military ID

Documents verifying your business registration and your authority to act on behalf of and control, manage, or direct the business.
Who are the Beneficial Owners of your Business?

Choose your business entity type to determine which documents you may need to provide to verify your business registration and authority to act on behalf of the business.

Please note: Additional documents may be required.

Types of Businesses

Sole Proprietorship

SSN of owner who will sign on the account
Fictitious Name Registration, also known as Trade Name Registration, Certificate of Assumed Name, Registration of Alternate Name, or Assumed Name Registration (if applicable)

Partnership

EIN Verification - copy of first page of previous year's tax return or IRS Letter SS4
Partnership Agreement - informal or formal based on type of partnership
Fictitious Name Registration - also known as Trade Name Registration, Certificate of Assumed Name, Registration of Alternate Name, or Assumed Name Registration (if applicable)

LLC

EIN Verification - copy of first page of previous year's tax return or IRS Letter SS4
Articles of Organization
Fictitious Name Registration, also known as Trade Name Registration, Certificate of Assumed Name, Registration of Alternate Name, or Assumed Name Registration (if applicable)

Corporation

EIN Verification - copy of first page of previous year's tax return or IRS Letter SS4
Articles of Incorporation
Fictitious Name Registration - also known as Trade Name Registration, Certificate of Assumed Name, Registration of Alternate Name, or Assumed Name Registration (if applicable)

Unincorporated Association/Organization

EIN Verification - IRS Letter (SS4 form) for banking purposes only
Charter/Bylaws authorizing account opening

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About Us

Itasca Bank & Trust Co.

Itasca Bank & Trust Co., an independent, locally-owned bank, offers a broad spectrum of deposit accounts, savings products, and loans that are sure to suit your individual and business needs.

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