Help your small business thrive with our Basic Business Checking account.
Business types and requirements
Sole Proprietor
If opening with EIN
- Employer Identification Number (EIN) from IRS
- Copy of Washington State Business License with UBI number
- Physical address of business and/or each account signer
If opening with SSN
- Social Security Number (SSN)
- Copy of Washington State Business License with UBI number
- Physical address of business and/or each account signer
Partnership
- Copy of Partnership Agreement
- Employer Identification Number (EIN) from IRS
- Copy of Washington State Business License with UBI number
- Physical address of business
Corporation
- Copy of Articles of Incorporation/Corporate Resolution
- Employer Identification Number (EIN) from IRS
- Copy of Washington State Business License with UBI number
- Physical address of business
Limited Liability Company
- Limited Liability Company Operating Agreement
- Employer Identification Number (EIN) from IRS
- Copy of Washington State Business License with UBI number
- Physical address of business
Non-Profit Organization
- Articles of Incorporation/Corporate Resolution
- Employer Identification Number (EIN) from IRS
- Copy of Washington State Business License with UBI number
- Physical address of business
Association / Club
- Organization’s meeting minutes authorizing the signers
- Organization’s Employer Identification Number (EIN) or Social Security Number (SSN)
- If using a SSN, account may be set up as a non-dividend/interest bearing account
- Copy of Washington State Business License with UBI number
- Physical address of business
Minimum balance & fees
minimum opening balance
$200
to waive monthly fee
monthly service charge
$3
monthly check/deposit limit
0-100
$0.15 each additional
dividend paid
No
business banking
Compare accounts
Small Business
Checking
minimum balance
$0
minimum balance
monthly service fee
$0
monthly checks/ deposit limits
0-25
$0.15 each additional
dividend paid
No
Basic Business Checking
minimum balance
$200
to waive monthly fee
monthly service fee
$3
monthly checks/ deposit limits
Up to 100
$0.15 each additional
dividend paid
No
Business Interest
Checking
minimum balance
$2,000
to earn dividends
monthly service fee
$10
monthly checks/ deposit limits
Up to 300
$0.15 each additional
dividend paid
Yes
Business
Savings
minimum balance
$25
minimum balance
monthly service fee
N/A
monthly checks/ deposit limits
N/A
not applicable
dividend paid
Yes
Market
Savings
minimum balance
$2,500
to earn dividends
monthly service fee
N/A
monthly checks/ deposit limits
N/A
not applicable
