Simply Business Savings
You deserve a convenient and easy-to-use account that supports your business' journey. Look no further than our all-purpose Simply Business Savings.
Account Overview
- Interest earning account
- Unlimited withdrawals or transfers
- Minimum opening deposit $50
- Minimum balance of $100 to avoid $5 monthly service charge*
*Fees may reduce earnings. Other charges such as non-sufficient funds, overdraft, continuous overdraft charges, etc. may apply. See our service charge schedule for details.
Business Account Checklist
Be prepared for a smooth account opening process with this list of items.
- SSN or EIN of Owner
- Required Business Information
- Business address
- Business mailing address if different than business address
- Email address
- Phone number
- TIN of LLC—Notice of EIN from the IRS
- Articles of Organization
- Operating Agreement
- Required Business Information
- Business address
- Business mailing address if different than business address
- Email address
- Phone number
The following information is needed for Beneficial Owners. Beneficial Owners are individuals who directly or indirectly own 25% or more of the legal entity and/or the individual who has significant responsibility for managing the legal entity:
- Name
- Physical address
- Date of birth
- Social Security number
- Valid government-issued ID
- Phone number
- Percentage of ownership
- Title/position
- TIN of Partnership—Notice of EIN from the IRS
- Partnership Agreement
- Certificate of Partnership
- Required Business Information
- Business address
- Business mailing address if different than business address
- Email address
- Phone number
- Name
- Physical address
- Date of birth
- Social Security number
- Valid government-issued ID
- Phone number
- Percentage of ownership
- Title/position
- TIN of Organization—Notice of EIN from the IRS
- If incorporated, follow corporation guidelines
- If tax-exempt, IRS documentation or tax return
- If not tax-exempt, authorization letter
- Meeting minutes showing signers and titles
- Required Business Information
- Business address
- Business mailing address if different than business address
- Email address
- Phone number
- Name
- Physical address
- Date of birth
- Social Security number
- Valid government-issued ID
- Phone number
- Percentage of ownership
- Title/position
- TIN of Corporation—Notice of EIN from the IRS
- Articles of Incorporation
- Required Business Information
- Business address
- Business mailing address if different than business address
- Email address
- Phone number
- Name
- Physical address
- Date of birth
- Social Security number
- Valid government-issued ID
- Phone number
- Percentage of ownership
- Title/position
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