Business Account Opening Checklist

Main

Required Documents

To open your account, Northrim Bank needs the following information about you and any additional owners or authorized signers for your company. This helps verify your business and the key individuals associated with it.

Business Details

  • Legal business name
  • Business physical address
  • Employer Identification Number (EIN)
  • NAICS code

Identification

Each authorized signer on the account, anyone who owns 25 percent or more of the business and the designated person with significant responsibility, regardless of signing authority, will need to provide:

  • A valid, unexpired government-issued photo identification (ID) (e.g., driver’s license, state-issued ID or passport)
  • Social Security Number (SSN)
  • Physical address
  • Date of birth

Additional Documentation Needed

Based on the structure of your business, you will need to provide the documentation listed below.

Corporation

  • Business license
  • Current initial or biennial report

General Partnership

  • Business license

Limited Liability Company

  • Business license
  • SSN for Single Member LLC
  • Current initial or biennial report

Limited Liability Partnership/Limited Partnership

  • Business license
  • Partnership agreement

Non-profit Corporation

  • One state issued business document
  • Current initial or biennial report

Organization or Association

  • Business license, if applicable
  • Meeting minutes

Sole Proprietorship

  • Business license
  • SSN, if no EIN

Northrim may request additional information or documentation before your deposit account can be opened.

Understanding Your Cash Flow

To better support your business, we would like to gather some details about your anticipated cash flow. This information will help us tailor your new business account with the appropriate features and capacity to meet your needs.

  • Cash transactions: estimated number and volume of monthly deposits and withdrawals
  • ACH payments: estimated number and volume of monthly payments originated and received
  • Domestic and foreign wire transfers: estimated number and monthly volume of transfers originated and received
     

Funding Your Account

You can make your initial deposit with cash or a check in any Northrim branch.
 

Please contact us at (907) 562-0062 or visit your local branch with any questions. Thank you for choosing Northrim Bank for your business banking needs.