Business Checking Account Opening Information
Limited Liability Companies (LLC)

We appreciate the opportunity to assist with your banking and financial needs. To help make your account opening process quick and seamless, please see the below requirements

Individuals Who Need To Be Present At Account Opening:

Member Managed LLC and Manager Managed LLC - Designated Individual Authorized to Conduct Business on Behalf of the LLC.

Note: All members, managers and authorized signers on the account are required to have a signature on file in order to conduct business on behalf of the LLC. This may be completed at any BankPlus office after the account is opened.

Information Required To Open Account:

Personal Identification - Two forms of ID are required. One form must be a Government Issued ID.

  • Primary ID Examples:
    • U.S. Citizens: State Issued Driver’s License, State Issued ID card, Passport, etc. -
    • Non U.S. Citizens: State Issued Non-U.S. Citizens Identification Card, a Permanent Resident Card or a VISA & Passport
  • Secondary ID Examples:
    • Social Security Card, Birth Certificate, Employee ID Card, Student ID Card, or a Credit Card

Tax Identification Number - An Employer Identification Number is required.

Note: Single Member LLC’s may use their Social Security Number.

Business Documentation - Must be registered with the Mississippi Secretary of State if conducting business in Mississippi and be in Good Standing.

Note: If your business is organized in another state but operates in Mississippi, documentation from both states is required.

  • Secretary of State Good Standing Certificate for the state in which it is organized and
  • Registered with the Mississippi Secretary of State as a Foreign Entity and in Good Standing

The Following Documentation Is Also Required:

  • Operating agreement
  • Meeting minutes or company letterhead with approval to open the account and a list of signers
  • EIN verification (IRS letter or a filed tax return)

All Owners With 25% Or More Ownership Or Responsible Individual:

  • Legal first and last name
  • Residential address
  • Percentage of ownership
  • Date of birth
  • Tax Identification Number (e.g. SSN, ITIN, FTIN)
  • Country of Citizenship
  • Copy of Primary Identification

Additional Information That Will Be Requested At Account Opening:

  • The business address
  • Phone number
  • The nature of your business
  • Anticipated monthly deposits, withdrawals and wires
  • Types of transactions and volumes you expect to process through the new account

If you have any questions regarding documentation or product information, please contact a local BankPlus Account Representative. We look forward to assisting you with your business needs!