How to Open a Business Bank Account Online

Business Banking Online

Opening a business bank account online has become easier due to the convenience and consumer demand.

Things You'll Need

• Internet Connection
• Financial Information
• Personal Banking Information
• Social Security Number

Instructions

1. Choose your business bank. First you will need to choose a bank or financial institution that you want to use for your business bank account. Different institutions offer different benefits and types of accounts. Find the one that fits you and your business best and make sure you can open your business bank account online.

2. Sign up online. Once you have chosen a bank you can get started on signing up for your business bank account online. Load the website for the bank or financial institute you have chosen to do business with. Choose the type of business bank account you want to open. You will then need to click on the proper links to get to the forms you need to fill in to open your business bank account online.

3. Provide personal and business information. You will be asked for your social security number and have your credit history checked. If you are switching from one business bank account to this one, you may be asked for previous bank statements. If you have a corporation or limited business you will be asked to provide your certificate for that. You will need to provide the bank information about your business including where your funding comes from. You may also be required to provide the bank with a business plan for the business you are requesting a bank account online for. You will need to enter your basic personal information such as your name, aliases, business name and address.

4. Verify your identity. You will need to give your license number or passport information, as well as your last bill that shows your name and address. This will be your identification verification.

5. Agree to the bank's terms and agreements. This will be a contract between you and the bank that states the responsibilities between you and the bank.

6. Print, sign and mail. You will eventually come to a form that prompts you to print it out. You will need to sign this form and mail it to the bank at the address provided to you. You might not need to complete this step as some banks are using a legally binding electronic signature.

7. You will now just have to wait a few business days for your business bank account to be open and activated as long as the bank has all of the information they need.

Tips & Warnings

• Have all of your information ready before you go online.