What are the requirements for opening a business account?

Asked 6 months ago
To open a business account with Trustco Bank, certain requirements need to be fulfilled. Firstly, a completed application form must be submitted along with a valid identification document for each business owner. Additionally, a certified copy of the business' legal documents, such as articles of incorporation or partnership agreements, is necessary. Furthermore, proof of the Employer Identification Number (EIN) or Social Security Number (SSN) for each employee linked to the account is required. A minimum deposit amount, specified by the bank, should also be made at the time of account opening. Lastly, it is recommended to provide any additional documents or information that might be requested during the account opening process. Kindly ensure these requirements are met to expedite the process of opening a business account with Trustco Bank.
Answered Nov 1, 2023

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