Compare our Business Checking Options
Flexible Options for Business Deposits
Expand your business with smart financing options
Business Account Requirements
Sufficient legal documentation is required to open a Business Account
Required documents vary based on the business type. If you have questions, please call (916) 444-6070 or use our Contact Us form.
Below are the types of businesses we service and the documentation required.
Additional Details
Owners, partners, and key executives need to be present at account opening and provide taxpayer identification number for the business such as an Employer Identification Number (EIN), individual taxpayer identification number or Social Security Number (SSN) for Sole Proprietorships.
Certification Regarding Beneficial Owners: Each individual, if any, who owns, directly or indirectly, 25 percent or more of the equity interests of the legal entity customer. Beneficial Owners are to provide their name, address, date of birth and SSN.
Two forms of identification are required for each signer. At least one of which must be a primary identification. All forms of identification must be current and unexpired.
Primary Identification: A State Driver's License/ID Card, Passport (US or Foreign), U.S. Military ID, Resident Alien ID Card/Green Card or Mexican Consulate ID is required.
Secondary Identification: Any primary ID not already used, valid credit card, current employer identification card, most recent utility bill from individual’s current residence, school ID with photo (current year or past year if during summer).
Sacramento Credit Union reserves the right to refuse membership to business entities classified as “High-Risk” in accordance with the Bank Secrecy Act (BSA). These may include, but are not limited to:
- Financial, investment or credit service providers (foreign currency exchange, investment/securities brokers, money order sales, off shore/non-US based businesses and import/export companies)
- Regulated or illegal products (internet gambling providers and anything related to marijuana-related businesses)
- Unfair, predatory or deceptive practices
- Other high-risk products or services (travel agencies or other travel-related services, membership clubs and multi-level marketing programs)
- Cash intensive businesses, such as restaurants and convenience stores, laundromats, private ATM or vending machine operators
