What Documents Do I Need to Open a Business Account Chase

Tip: If you`re interested in opening a Chase Business Savings Account with your Chase Business Checking Account, Chase also offers some great options for that. Tip: Use WalletFlo for all your credit card needs. It`s free and helps you maximize your rewards and savings! There are also additional documents that may be required if you hold 10% or more. Creating a Chase Business current account is relatively simple. Are you considering opening a Chase business account, but aren`t sure what type of checking account is right for you? Do you also have questions about all the documents you need to open these accounts? For general partnerships, you`ll need the following: In this article, I`ll walk you through opening Chase Business checking accounts. I`ll show you all the differences between accounts and show you everything you need to know about the requirements before entering a Chase bank to open your account. Opening a business bank account requires proof of identity for you and your business. Examples include your government-issued driver`s license or passport, business license, or partnership agreements. Bottom Line: The documentation required to open a Chase Business checking account varies depending on the type of business you have. However, to make the process much more efficient and make sure you choose the right account type, I highly recommend that you have a detailed overview of your business and don`t forget to check out the ongoing bonuses. Tip: You can also apply for a full Chase Business bank account online! If you are doing business under another name, one of these documents may be an assumed name certificate, also known as a business name certificate, fictitious business name statement, or DBA. You may also need to provide your accepted name application or registration receipt, a copy of the list published in newspapers announcing your incorporation or business licence. Once you have all the documents and information you need, you can apply to open a business checking account in no time.

Talk to a commercial banker to determine what type of account is best for your needs. Choose a business bank account with an initial deposit amount and a minimum manageable daily balance for your business. Work with your local commercial banker to determine the amount of your initial deposit. Also inquire about offers or limited-time offers. Many banks forgo initial deposits or make a monetary offer to new qualified accounts. Your company may also need to provide additional documents. Chase offers a few different checking accounts for businesses, from one great for small businesses to a better one for a large, established company. Chase offers a variety of business accounts for businesses of all sizes. Below, I`ll go into the details of the different types of Chase business accounts. I will then go into the details of the necessary documents that you need to bring with you to set up discounts. Before you go to the bank, make sure you have all the necessary documents. Below are the information you need to ask for to open a Chase Business checking account, but the requirements are generally the same for each bank.

The business documents you need to bring depend on the state you live in. Opening these accounts is usually only a slight pull on your credit report, so opening these accounts is often worth it. Typically, you`ll need to keep your account open for at least six months to qualify for these bonuses, so keep that in mind. Keep in mind that each account charges a monthly fee, but you can waive these costs by maintaining a certain balance or making constant monthly deposits. Chase Ink Business Preferred earns 3X per $1 for the first $150,000 spent on combined purchases in all of the following categories: For informational/educational purposes only: The views expressed in this article may differ from those of other JPMorgan Chase & Co. employees and departments. The views and strategies described may not be suitable for everyone and are not intended to be specific advice/recommendations for individuals. You should carefully consider your needs and goals before making any decision and consult with the appropriate professionals. Past prospects and performance are not indicative of future results. Chase has a choice of chequing and savings accounts.

Each account gives you access to all of the bank`s physical locations, ATMs, online banking and Chase`s mobile app. Select your business type for a checklist of documents required to open a new business account. The type of business ownership you have determines who should be present when opening a business checking account. Use the list below to understand who needs to be available so there are no surprises. Note: In addition to the people listed below, all account signers must also be present when you open an account in person. You can also open many accounts online, but the same people may need to be available to provide information or sign documents electronically. You may try to walk around the branch, but you`ll probably need to make an appointment in advance to make sure a corporate banking agent is available, as not all branches always have bank agents on site. Next, take a look at the individual details of each type of Chase business bank account. If your business is organized in another state but operates in the state in which you open an account, you may need documents for both states. This could include the registration of a foreign partnership. Depending on the state you are in, you may also need to provide a certificate for aliases. The first thing you need is an employer identification number – also called EIN, FINE or tax identification number.

The IRS issues and manages your EIN. If you haven`t applied for a tax number, you may still be able to open a business bank account with your personal Social Security number. An authorized representative (President, Secretary, Assistant Secretary or Acting Secretary) and all signatories must be present at the opening of the account. So it will be very beneficial if you can understand your transactions, cash deposits, and wiring needs before you even enter a hunting bank. As an entrepreneur, you undoubtedly have a lot of work cut out for you, and sometimes it can feel a bit overwhelming. But keeping track of your business expenses doesn`t have to. A business checking account can help you easily separate and manage all of your company`s deposits and expenses. If you`re ready and know exactly what it takes to open the account, you`ll be up and running in no time. Often you can find a coupon or a special to get a small cashback for opening a business account.

You can get a $300 bonus when you open a new Chase Business full verification and meet the following requirements: Yes, you can open a Chase Business bank account for an out-of-state incorporated entity. If you do business in the state where you open a bank account, you may need to register your non-state entity in that state. This is usually referred to as foreign entity registration and may be required before you can open your bank account.