BUSINESS BANKING
Business types and requirements
Sole Proprietor
If opening with EIN
- Employer Identification Number (EIN) from IRS
- Copy of Washington State Business License with UBI number
- Physical address of business and/or each account signer
If opening with SSN
- Social Security Number (SSN)
- Copy of Washington State Business License with UBI number
- Physical address of business and/or each account signer
Partnership
- Copy of Partnership Agreement
- Employer Identification Number (EIN) from IRS
- Copy of Washington State Business License with UBI number
- Physical address of business
Corporation
- Copy of Articles of Incorporation/Corporate Resolution
- Employer Identification Number (EIN) from IRS
- Copy of Washington State Business License with UBI number
- Physical address of business
Limited Liability Company
- Limited Liability Company Operating Agreement
- Employer Identification Number (EIN) from IRS
- Copy of Washington State Business License with UBI number
- Physical address of business
Non-Profit Organization
- Articles of Incorporation/Corporate Resolution
- Employer Identification Number (EIN) from IRS
- Copy of Washington State Business License with UBI number
- Physical address of business
Association / Club
- Organization’s meeting minutes authorizing the signers
- Organization’s Employer Identification Number (EIN) or Social Security Number (SSN)
- If using a SSN, account may be set up as a non-dividend/interest bearing account
- Copy of Washington State Business License with UBI number
- Physical address of business
Minimum balance & fees
Minimum opening balance
$ $2,500
Per Monthto earn dividendsMonthly service charge
$ N/A
Per MonthDividend paid
$ YES
Per MonthCompare accounts
Small Business
Checking
Minimum Balance
$0
Dividends not earned on this account
Monthly Service Fees
$0
Deposit Limits
0-25
$0.15 for each additional
Basic Business
Checking
Minimum Balance
$200
to waive monthly fee – dividends not earned on this account
Monthly Service Fee
$3
Activity Limits
100
$0.15 for each additional check written/deposited
Business Interest
Checking
Minimum Balance
$2,000
to earn dividends
Monthly Service Fee
$10
Activity Limits
300
$0.15 for each additional check written/deposited
Business
Savings
Minimum Balance
$25
to earn dividends
Monthly Service Fee
N/A
Activity Limits
N/A
not applicable
