- Print out EIN & Articles of Incorporation for each of business & take to the bank appointment.
- Type of Accounts- Opening two Navigate Business Checking Accounts. Need to set up Premium Wire Feature & order an RSA device for the accounts. Have the RSA device mailed to my home address. Opening two accounts because I’m selling two products (Summary sheets lists products being sold)
- Type of Corps- C-Corps & I am 100% sole owner.
- The Type of Business- Health & Personal Wellness Online Retail- NCAIS Code- 454110 (Shopify)
- Primary Address & Mailing address on Business Bank Accounts- The primary address & mailing address on both of the business bank accounts is my Home Address. P.O. box address is for my e-commerce business only. My home address is my office address. CHOOSE PAPERLESS STATEMENTS.
- Sheet of Complimentary/Starter Checks – I will need a sheet of complimentary checks (may have to go back to the bank next day to pick up) Ask for a sheet of complimentary checks for each account, ask if they can print day of appointment.
- Boxes of Checks- Order a box of checks for each account (small box/ least expensive) MAIL CHECKS TO MY HOME ADDRESS. The box of checks for each account need to have full business name & the UPS physical address/Virtual mailbox that matches my Corporation Documents for each corporation (EIN & Articles of Incorporation.)
*Double check that the address that is put on the box of checks ordered for each account MATCHES EXACTLY WHAT IS ON MY EIN & ARTICLES OF INCORPORATION- Important for Merchant Processing applications that checks have full business name & full business address.* - Debit Cards- Get a debit card for both accounts. Have them mailed to my home address. Write down the pin number so I don’t forget it. Use the same pin for both cards.
- RSA Device- Set up Premium Wire Features for both accounts. Order RSA (one device for both accounts) and have mailed to home address.
- Direct Pay & Wire Features- Set up Direct Pay (for payment only, not collections) & wire capabilities on both accounts. I will send Direct Pay Payments over 5K and possibly over 25K in one payment to vendors.
- Online Banking- Set up online banking for both accounts. Ask banker to link the two accounts with the same user name & password for both accounts & make sure the ACCOUNTS ARE LINKED. If banker can’t link accounts with same UN/PW create separate UN/PW for each account. Use my business email & phone as primary contact for both accounts (see summary sheets) DO NOT USE MY PERSONAL EMAIL & PHONE NUMBER FOR THE PRIMARY CONTACT EMAIL & PHONE.
- Be sure the banker provides me copies of all paperwork.
- Funding the Accounts- Will fully fund after I speak with my accountant- Depositing $50 into each account day of bank appointment to cover cost of checks
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