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  • Procedures For Opening Up A Business Account

    IMPORTANT INFORMATION ABOUT MEMBERSHIP AND NEW ACCOUNTS

    Federal regulations require all financial institutions to obtain, verify and record information that identifies each person who opens up an account.

    1. Physical address of business
    2. Mailing address of business
    3. Physical address for each person authorized to sign on account (applicant may provide business physical address)
    4. Social security number for each individual authorized to sign on account

    Your oral, written, or electronic request and deposit of funds will allow you to open any Technology Credit Union (Tech CU) account for which you qualify under the membership number established for this application.

    Based on the structure of your business, the following legal documentation will be required when opening your account.

    Sole Proprietorships:

    a. Business License (If any)
    b. Fictitious Business Name Stmt (if any)
    c. Complete Certification by Sole Proprietorship (on business signature card)
    d. Business Taxpayer ID No: Can be owner's EIN or SSN

    e. U.S. federal or state-issued unexpired ID for any authorized signers

    General Partnership:

    a. Business License
    b. Fictitious Business Name Stmt (if any)
    c. Statement of Partnership Authority (if any)
    d. Complete Certification by General Partnership (on business signature card)
    e. Business Taxpayer ID No.: Can be owner's EIN or SSN
    f. U.S. federal or state-issued unexpired ID for any authorized signers

    Limited Partnership:

    a. Certificate of Limited Partnership
    b. Fictitious Business Name Stmt (if any)
    c. Complete Certification by Limited Partnership (on business signature card)
    d. Business Taxpayer ID No.: Can be owner's EIN or SSN

    e. U.S. federal or state-issued unexpired ID for any authorized signers

    Limited Liability Partnership (For lawyers, accountants and architects):

    a. LLP registration
    b. Fictitious Business Name Stmt (if any)
    c. Complete Resolution by Limited Liability Partnership (on business signature card)
    d. Business Taxpayer ID No. : EIN
    e. U.S. federal or state-issued ID for any authorized signers

    Corporation:

    a. Articles of Incorporation
    b. If Home Owners Association - ask for Statement of Common Interest Development Association
    c. Business License
    d. Fictitious Business Name Stmt (if any)
    e. Resolution by Corporation (on business signature card)
    f. Business Taxpayer ID No.: EIN
    g. U.S. federal or state-issued unexpired ID for any authorized signers
    h. If Corporation has non-profit status, ask for Determination Letter

    Limited Liability Company:

    a. Articles of Organization
    b. Business License
    c. Fictitious Business Name Stmt (if any)
    d. Resolution by LLC (on business signature card)
    e. Business Taxpayer ID No.: EIN
    f. U.S. federal or state-issued ID for any authorized signers

    Unincorporated Associations:

    a. Registration of Unincorporated Non-profit Association (if any)
    b. If Home Owners Association - ask for Statement of Common Interest Development Association
    c. Fictitious Business Name Stmt (if any)
    d. Business Taxpayer ID No.: EIN or SSN of person establishing account
    e. U.S. federal or state-issued ID for authorized signer(s)

    *Note: If your business was established in a state other than California (and where you opened your account), you must provide a certificate issued by the Secretary of State authorizing you to transact business within the state of California.