Business Accounts

How to Open a Business Account

  1. Provide documentation demonstrating your business entity. Find your business entity type in one of the boxes below and collect the relevant documents.
  2. Identify authorized signers. Each signer must provide:
    • Unexpired government-issued photo ID
    • Proof of SSN or ITIN
    • Proof of personal address
  3. Click on this link to complete required disclosures, forms and to upload your Business Entity and account signer ID documents.
  4. Once we have received all completed Adobe forms and Business and signer ID documents, we will follow up for you to schedule an account opening appointment to complete remaining brief steps and to fund the account. Please bring cash, card or check to fund your account. There is a one-time $25 membership fee and minimum $30 deposit.

Questions? Email us at business@brooklyn.coop

What Is a Beneficial Owner?

A Beneficial Owner is a person who either:

  • Owns 20% or more of the entity, OR
  • Exercises significant control (CEO, CFO, Treasurer, Board Chair, etc.)

Individuals performing similar functions without a formal title also qualify.

All Beneficial Owners must provide an unexpired government-issued photo ID.

Required Documents by Entity Type

  • Articles or Certificate of Incorporation
  • Board Resolution identifying authorized signers
  • Certificate of Good Standing (if over 10 years old)
  • IRS EIN letter
  • Beneficial Owner ID verification
  • Articles of Organization
  • IRS EIN letter
  • Operating Agreement or Resolution of Authority
  • Beneficial Owner ID verification
  • Partnership Certificate
  • Partnership Agreement
  • Resolution authorizing account opening
  • IRS EIN letter
  • Beneficial Owner ID verification
  • Business Certificate or DBA papers
  • IRS EIN letter
  • Organization Resolution authorizing account opening
  • IRS EIN letter
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