How to Open an Out-of-State Business Bank Account
- 1). Explore your options. You can drive into nearby states when conducting business to personally open the account or find a bank that allows online or mail account openings. The Bank Secrecy Act requires that banks know their customers, even when opening accounts remotely, to reduce the incidence of money laundering or terrorist funding.
- 2). Find a bank that meets your needs and obtain a new account application.
- 3). Complete the new account application. The application must be signed by an authorized officer noted in your business's bylaws and list of officers. Include a copy of the articles of incorporation, the officer's identification and the company's employer identification number.
- 4). Submit the new account application with the supporting documents to the address or branch required by the bank. When opening an account remotely, the address is found on the application. Include a check or money order for the initial deposit.
- 5). Confirm that the account application gets to the proper department and that all required paperwork is received.
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