In most cases if you are leveraging other business products for your clients the processes are the samewith all the banks. They all will want to see your EIN filing page and want all of the same information to verify your identity like a drivers license and/or a utility bill. It is always best to place money in the account on the day you set it up. We recommend $1,000 to show your bankability with them and establish that relationship. Some banks like Chase require you to go in person and some allow you to do it online. Have clients setup the accounts online that they can and then go into the banks that request it. It will be a case by case scenario based on the banks you are utilizing.
(I.e. PNC, US Bank, Wells Fargo, Truist, Navy Federal, etc)
What is the process of establishing business checking accounts through banks besides Chase and BOA? CY
Written by Corey
Last updated October 25, 2023