What are the requirements to open a business account?

Asked 6 months ago
To open a business account with Norwest Corporation, you need to fulfill specific requirements. Firstly, you must provide a valid Employer Identification Number (EIN) issued by the Internal Revenue Service (IRS). Additionally, you will need to submit your business's legal documentation, such as proof of formation, articles of incorporation, or partnership agreements. A government-issued identification like a driver's license or passport is necessary for all account signers. Norwest Corporation may also request additional identification or documents to verify the nature of your business and its compliance with regulations. Furthermore, you should be prepared to deposit the minimum required amount specified by the bank to activate your account. By satisfying these requirements, you can initiate a business account with Norwest Corporation conveniently.
Jeff Whelpley is the editor / author responsible for this content.
Answered Nov 2, 2023

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