SESKStuff Everyone Should Know
SESK: Stuff Everyone Should Know · sesk.info/biz-bank-account-documents

Which documents do banks commonly request for a business account?

Often an EIN, formation papers, ownership agreements, and licenses.

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  1. EIN and business formation records ✔
  2. Only a product catalog
  3. Only the owner's résumé

Why: Banks verify the business and the people authorized to act for it. Exact requirements differ by bank and entity type.

Huh, didn't know that: A sole proprietor may sometimes use a Social Security number instead of an EIN.

The dad joke
Why did the bank ask for formation papers? It wanted a well-documented relationship.
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References

Answer: EIN and business formation records. Banks verify the business and the people authorized to act for it. Exact requirements differ by bank and entity type.

  1. SBA, Launch your business www.sba.gov/counseling/launch-your-business
    Here are some of the most common documents banks ask for when you open a business bank account.
    Checked 2026-10-11.
  2. SBA, Launch your business www.sba.gov/counseling/launch-your-business
    Your business’s formation documents
    Checked 2026-10-11.

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