BUSINESS ACCOUNT Requirements & Forms

When opening a business checking, savings or certificate account, all financial institutions are required to obtain information verifying your business, as well as the individuals associated with the business. 

The list below will help you determine the documents needed to open a business account with SPIRE.

Business Account Card including Certification of Beneficial Owner 

This four-page form includes the Business Account Card and the Certification of Beneficial Owner Form.  The Certification Form is on page 4.
Download the Business Account Card including Certification of Beneficial Owner >

Business Documentation Checklist 

To determine if your business entity requires certification, review the checklist below.
Download the Business Documentation Checklist >

Unincorporated Associations

Sports leagues, etc.

  • SSN of one of the member (NO TIN issued by IRS)

 

Sole Proprietor

Full name in business name (e.g.: John Smith Plumbing)

  • SSN of the owner

Name of business different from full name (e.g.: John and brothers Plumbing)

  • SSN of the owner or TIN of the business
  • Business/DBA in Good standing verified with the MN Secretary of State website

 

Political campaign accounts

  • SSN of owner or TIN of business
  • Business/DBA in Good standing verified with the MN Secretary of State website

 

Limited Liability Company

LLC - Single member(i.e. 1 owner)

  • SSN of owner or TIN of business
  • Articles of Incorporation /Organization
  • Good standing verified with the MN Secretary of State website
  • Beneficial Owner Certification

Multiple Members

  • TIN of business
  • Articles of Incorporation /Organization 
  • Operating Agreement or Minutes of First Written Action of Members
  • Good standing verified with the MN Secretary of State website
  • Beneficial Owner Certification

 

Corporations

S-Corp, C-Corp, B-Corp, etc.

  • TIN of business
  • Articles of Incorporation /Organization
  • Bylaws or Operating Agreement or Minutes of First Written Action of Members
  • Good standing verified with the MN Secretary of State website - If a non-profit corporation: IRS Ruling letter of tax exemption under the IRC 501C
  • Beneficial Owner Certification

 

Partnerships

General, Limited, Limited Liability, etc.

  • TIN of partnership
  • Partnership agreement
  • Good standing verified with the MN Secretary of State website
  • Beneficial Owner Certification

 

Non-Profit

Not a corporation

  • EIN of non-profit
  • Articles of organization or Bylaws
  • Operating Agreement or Minutes of First Written Action of Members
  • Good standing verified with the MN Secretary of State website
  • IRS Ruling letter of tax exemption under the IRC 501C
  • Beneficial Owner Certification

 

Organized Associations or Organizations

Girl Scouts, Boy Scouts, etc.

  • EIN of non-profit 
  • Articles of organization or Bylaws
  • Operating Agreement or Minutes of First Written Action of Members
  • Good standing verified with the MN Secretary of State website
  • Beneficial Owner Certification
 

APPLY TODAY

To open your business account or more information or to apply, please call 651.268.7750 or stop by any SPIRE branch.

Driven by

MIDWESTERN VALUES

Founded in 1934, SPIRE upholds the values of honesty, integrity and hard work. We strive to make it easy to do business with us and truly care about our members.