To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record government-issued picture ID (e.g., driver’s license, passport). This is required for
Each person who owns 25% or more equity in the entity
Any individual with significant responsibility to control, manage, or direct the organization
Any additional signers you want on the accounts
What does this mean for you? When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. If there will be additional people/signers on the account, as described above, have them bring their IDs, too.
Additional required documentation to bring along include:
Proof of Business: Bring along your state-filed articles of incorporation: (One of the following)
Articles of Organization (Limited Liability Company)
Articles of Incorporation (Corporation)
Articles of Association (Non-Profit)
Partnership Agreement (Partnership)
IRS-issued Tax Identification Number: Have your business’ tax identification number, preferable in the form of the letter you received from the IRS. This may be an Employment Identification Number or a Social Security Number, depending on how you file taxes.
Beneficial Owner(s) (25% ownership or more) AND
Any individual with significant responsibility to control, manage or direct the organization
Date of Birth
Social Security Number
Valid Driver’s License
Please complete this Certification of Beneficial Owners form. We will not be able to open any accounts for you until this is filled out and presented at time of account opening. Please contact us if you have any questions about the form.