How to Open an Online Nevada Corporate Bank Account

Many businesses choose to incorporate in Nevada to enjoy the tax benefits offered by that state. There are no state business taxes and no annual franchise taxes due. For a business incorporated in Nevada or otherwise operating in the state, it may be beneficial to establish a local business bank account to make dealing with other Nevada companies easier and Internet banking makes it easy to open a business account.

Things You'll Need

• Employer Identification Number (EIN)
• Articles of Incorporation
• Initial deposit
• Internet access
• Foreign Corporation Certificate (if applicable)

Instructions

1. Choose the online bank you want to open an account with. There are many to choose from; First Internet Bank, HSBC, Wachovia and Compass Bank are a few to choose from.

2. Go to the website of the bank you want to open the account with. Select "Open new account" from the menu.

3. Fill out the online application form which requires the business name, address, employer identification number and contact numbers. You will also select the primary and secondary user's for the account.

4. Print the application in its entirety. Sign the application.

5. Send the application with the required documentation and deposit to the bank's address listed on the application. You should include a copy of the Articles of Incorporation, the bylaws, board of directors and foreign corporation certificate if you do not have a valid Nevada address.

Tips & Warnings

• A foreign corporation is filed with the Nevada Secretary of State for corporations that want to do business in Nevada but are not based there.

References

• Nevada Virtual Office: Bank Accounts
• Dart Creations: Online business checking accounts
• Val U Corp: Why Incorporate in Nevada
• All Business: What is a foreign corporation