Drive your business forward

Whether you need financing to launch, or support to keep that Day One energy going, we have a checking solution designed with your business in mind.

Free Business Checking

Great for businesses that are just getting started, home offices, or those with lower transaction volumes and account balances.

Features:

  • Free access to CO-OP network and nationwide ATM access
  • Free mobile and online banking
  • No monthly service fee
  • No minimum balance requirement

Before you get started, please see the list below of documents that you’ll need to open your account based on the type of business you own.

In addition to these documents, all signers will need their non-expired government issued photo identification. A minimum of $1 to open a savings account, and $200 to open a business checking account.

Open Account

Business Account Documents

  • Certification of EIN from IRS or proof of SSN
  • Fictitious name registration if operating under a fictitious name
  • Certification of EIN from IRS
  • Articles or Certificate of Organization
  • Signed Operating Agreement
  • Fictitious name registration; only if operating under a different name than the name on the Articles of Organization
  • Beneficial Owners & Control Information*
  • Certification of EIN from IRS
  • Articles or Certificate of Incorporation
  • Fictitious name registration; only if operating under a different name than the name on the Article of Incorporation
  • By-Laws
  • Beneficial Owners & Control Information*
  • Certification of EIN from IRS
  • Partnership Agreement
  • Fictitious name registration if operating under a fictitious name
  • Beneficial Owners & Control Information*
  • Certification of EIN from IRS
  • Certification of Limited Partnership
  • Partnership Agreement
  • Beneficial Owners & Control Information*
  • Certification of EIN from IRS
  • Application/Renewal for a Limited Liability Partnership
  • Partnership Agreement
  • Beneficial Owners & Control Information*

For example, Boy Scouts, Girl Scouts, softball leagues, non-profit organizations, etc

  • Certification of EIN from IRS
  • Articles of Association/Bylaws if available
  • Non-profit designation letter if applicable- 501C3
  • Control information* for non-profit corporations
  • Fictitious name registration; only if operating under a different name than the name on the Articles of Organization
  • Certification of EIN from IRS
  • Candidate declaration form
  • FEC-1 form – Federal Campaign accounts only (Senators, Representatives, Congress)
  • Fictitious name registration; only if operating under a different name than the candidates legal first and last name

*Effective May 11, 2018, new rules under the Bank Secrecy Act require every legal entity to provide identifying information for all beneficial owners who have 25% or more ownership in the entity, and for one individual that has significant managerial control of the entity. The information required to be provided for beneficial owners is, name, address, date of birth, social security number, and a non-expired government issued photo ID. This information must be provided at the time of account opening.

Words From Our Members

“We love 1st Financial.  No task is too big or too small.  They take care of all of our business and personal needs.”

Linda Caruso, Caruso’s Deli – St. Louis

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