Access to Essential Banking Services:Business bank accounts often come with a range of additional services tailored to meet the needs of businesses. These services may include merchant services for accepting credit card payments, business loans, business credit cards, and overdraft facilities. These ser...
To open a business bank account, you'll also likely need the following: Employer identification number (EIN) (you'll need to file for one but if you haven't, you can still use your social security number instead) Business registration and applicable licenses Your company's address and phone...
1. EIN number The first thing you should have is an employer identification number — also called an EIN, FEIN or tax identification number. The IRS issues and manages your EIN. If you haven't filed for a tax ID number, you may still be able to open a business bank account with your...
Open a Platinum Business Checking Package Have this information handy before you apply: Apply now Your SSN, personal address, email address and mobile phone number Your business’s Taxpayer Identification Number (EIN, SSN, ITIN) Name, email address and mobile phone number for...
Your Employer Identification Number (EIN)— If your business is an LLC or corporation, your bank will most likely request your EIN number to open a bank account for your company. Most banks require this information to make sure your business is legitimate. Your Business Address — Ideally, ...
Once your business is registered, you may also need to obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). This unique identifier is used for tax purposes and is required if you plan to hire employees or file business taxes separately from your personal taxes...
2. Your tax ID number Your business isn’t official until it’s registered to pay its fair share to the government. Make sure you have applied for your federal tax ID number, which is also known as your employee ID number (EIN), with the IRS. ...
Yourlegal business nameas it appears on documents filed with your state or the IRS. If you’re a sole proprietor, you may need a fictitious business name certificate or a doing business as (DBA) certificate. YourEmployer Identification Number(EIN) (if you’re an LLC or corporation). The ...
Why you need a business bank account A dedicated business bank account is an essential tool (and typically a requirement) for any business operated as a separate legal entity from the owner. It helps simplify bookkeeping, streamline transactions, and boost credibility with clients and suppliers....
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