Skip to Sitemap

Business Account Requirements

The devil is in the details. The paperwork we need is going to vary based on how your business is set up.

Contact a Business Services PRO
  1. Home
  2. Banking
  3. Business Accounts
  4. Business Account Requirements
The devil is in the details. The paperwork we need is going to vary based on how your business is set up. Contact a Business Services PRO

Paperwork may not be your strength but we happen to love it

We've found that having up-to-date documents on hand allows us to respond quickly to requests and keeps regulators happy.

Regardless of how your business is structured, everyone will need to provide a valid government issued photo ID and social security numbers for everyone who's authorized to conduct business or sign on the account. You will also need an IRS Employer Identification Number unless it indicates you can utilize the owner's social security number.

What documents do I need for my Limited Liability Company business account?

  • Signed Operating or Member Control Agreement including sections dealing with authority to deposit money and transact business on accounts
  • IRS Employer Identification Number verification (may utilize owner's social security number if there are zero employees and purpose is real estate holding)
  • Valid government Photo ID and Social Security Number for all owners and authorized signers

Contact a Business Services PRO

What business account documents do I need for my Sole Proprietorship?

  • IRS Employer Identification Number verification (may utilize owner social security number if there are no employees other than a spouse)
  • Valid government Photo ID and Social Security Number for all owners and authorized signers

Contact a Business Services PRO

What documents do I need for my Corporation business account?

  • Articles of Incorporation or Bylaws filed with Secretary of State
  • Signed Corporate Resolution stating instructions to open account
  • Signed Meeting Minutes accepting the Corporate Resolution
  • IRS Employer Identification Number verification
  • Valid government Photo ID and Social Security Number for all owners and authorized signers

Contact a Business Services PRO

Partnership

  • Signed Partnership Agreement listing names of partners
  • IRS Employer Identification Number verficiation 
  • Valid government Photo ID and Social Security Number for all owners and authorized signers

Non-Profit Organization or Association

  • Signed Bylaws or Charter
  • Signed Meeting Minutes reflecting elected authorized signers or letter on letterhead and signed by the president to authorize establishment of account and respective signers
  • IRS Employer Identification Number verification
  • Valid government Photo ID and Social Security Number for all owners and authorized signers
  • Note: Clubs (i.e. softball team, girl scout troop, class reunion, department flower fund) may be opened as personal accounts with notation of purpose in account description

State Agency or Public Funds

  • Request for Proposal from the Oklahoma State Treasurer or Deputy Treasurer (these are the only eligible authorized signers)
  • Three-digit agency code from the Office of State Finance
  • IRS Employer Identification Number verification 
  • Valid government Photo ID and Social Security Number for all owners and authorized signers

Doing Business As (DBA)

  • Trade Name Report filed with Secretary of State (not required if DBA includes owner's first and last names, and utilizing owner social security number)

Contact a Business Services PRO

FOR PEOPLE, NOT PROFIT

FOR PEOPLE, NOT PROFIT

The mortgage crisis taught us that you want to work with a lender who puts people first, not profits. Our team of home loan experts are happy to help.

REVIEW YOUR HOME LOAN OPTIONS
30 YR HOME LOAN
At 4.758% APR your monthly payment could be
$523
$784
$1045
FIND YOUR PAYMENT
Quick Tools
Happy To Help Stories

Why do our members love being part of OKCU? Find out below.

  • Plaza District Association

    We have loved the support from OECU both to our Association, and to the individual businesses. OECU is community-minded and we love working with them!

    – Plaza District Association

  • CKE Investments

    OECU has been paramount to the success of my business. They helped my vision to become a reality.

    – CKE Investments

  • The Riley Group

    I like keeping my money local because I am a local business owner and know the importance of supporting my community and local economy.

    – The Riley Group

  • OKC Nothing Bundt Cakes

    OECU is more than just a credit union, for us, OECU is a part of our community and friends to count on. We appreciate all that they do for us.

    – OKC Nothing Bundt Cakes

  • Keep It Local OK

    Oklahoma Employees Credit Union consistently chooses to invest their time and resources into making a difference in our community.

    – Keep it Local OK

  • Chris I.

    This is the first financial institution that has made me feel like I actually make a difference by banking with them.

    – Chris I.