New Accounts Clerk how-to
How to Open a Business Account Correctly
Business accounts need more documents.
Quick answer
Business accounts need more documents. In short: collect; get; identify, then complete the remaining steps below.
Step by step
Collect formation documents.
Get an EIN.
Identify beneficial owners.
Verify signers.
Complete forms.
Set up services.
Safety reminders for new accounts clerks
- Protect customer data
- Follow CIP and BSA rules
- Spot identity fraud
- Report suspicious activity
Key terms
Checking account · Savings account · CD · APY · CIP · KYC: see the full new accounts clerk glossary.