Opening Bank Guidelines - Bank Of America

  1. Print out EIN & Articles of Incorporation for each business & take to the bank appointment.
  2. Type of Accounts- Opening two Business Advantage Relationship Checking Accounts- Any fees associated with the terms of this specific account choice are fine. Opening an account for each product being sold- Summary Sheets indicate which corporation sells which products.
  3. Type of Corps- You have C-Corps & are 100% sole owner & President.
  4. The Type of Business- Online Retail Sales (NCAIS Code 454110) Shopify.
  5. Primary Address & Mailing address on Business Bank Accounts is my Home Address. O. box address on corporation documents is just for e-commerce business.
  6. Boxes of Checks- Order a box of checks for each account (small box/ least expensive) Put the full business name & business address (Virtual Mailbox/P.O. box address) on these checks. HAVE CHECKS MAILED TO MY HOME ADDRESS NOT PO BOX ADDRESS.

Double check that the business name & address put on the boxes of checks MATCHES EXACTLY WHAT IS ON MY EIN & ARTICLES OF INCORPORATION.  I need these checks to be accurate for the Merchant Processor Applications.


  1. Debit Cards- Need a debit card for both of my accounts. Have them mailed to my home address.  Use the same pin for both cards. DO NOT NEED CREDIT CARDS FOR THESE ACCOUNTS
  2. Online Banking- Set up online banking for both accounts. The primary email & phone number for each of my accounts are my business email & business phone (Reference Summary Sheets for business email & phone number) Separate UN/PW for each account.
  3. Bank documents I need for Merchant Processing:

    1) Account Summary

    2) Non-Federal Direct Deposit Enrollment Request Form

    3) Check Order Form

    4) Client Receipt For Deposit

  4. Funding the Accounts- $100 in each account. Will speak with my accountant about fully funding & from which of my investment accounts.  Will be fully funded by end of week.

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