What documents are required to open an account?

When opening an account at First Midwest Bank, customers typically need to provide several important documents to comply with regulatory requirements and ensure the identification of the account holder. Generally, individuals are required to present a valid government-issued photo identification, such as a driver's license or passport. This helps verify the individual’s identity. Additionally, it is beneficial to have a second form of identification, which may include documents like a Social Security card, a credit card, or a utility bill that confirms the individual’s name and address. For businesses, the documentation requirements may differ slightly. Business owners are usually required to provide the business's legal formation documents, such as articles of incorporation or a partnership agreement, as well as a federal tax identification number. It is also advisable to have a resolution or minutes of a meeting authorizing the opening of the account if multiple individuals are involved. For the most accurate and updated information regarding required documents, visiting the current First Midwest Bank website may be helpful. This will provide customers with the latest details tailored to their specific needs and forms of account. Understanding these requirements in advance can make the account opening process smoother and more efficient.