Business FAQs

To facilitate a smooth and efficient account opening process, we have outlined the necessary documentation required based on the type of business account ownership. Additionally, please note that a signature card and a banking resolution will also be required at the time of account opening.

Sole Proprietorship

• Certificate of Conducting Business Under an Assumed Name (DBA) (only applicable if business is operating under a name other than the proprietor’s)
• EIN registration letter (if applicable)

Unincorporated Associations & Organizations

• By-Laws/Charter, if applicable
• Certificate of Conducting Business Under an Assumed Name (DBA) (If applicable)
• EIN Registration Letter
• 501c(3) letter from IRS or Tax Exempt documentation for non profit organizations, if applicable

General Partnerships

• Partnership Agreement
• Certificate of Conducting Business Under an Assumed Name
• EIN Registration Letter

Limited Liability Company (LLC), Limited Liability Partnership (LLP), Professional Limited Liability Company (PLLC)

• Articles of Organization (LLC & PLLC)
• Certificate of Conducting Business Under an Assumed Name (DBA) (If Applicable)
• Operating Agreement
• **Articles of Registration (LLP Only)
• NY Filing Receipt
• EIN Registration Letter

Corporations (INC OR CORP) (NON PROFIT & FOR PROFIT) Professional Corporation (PC or APC)

• Certificate of Incorporation/Corporate Charter (Non - Profit only)
• Certificate of Conducting business under an Assumed Name (DBA) (If Applicable)
• Corporate by Laws
• Copy of current professional license (For medical or legal professions - PC or APC only)
• NY Filing Receipt
• Filing Receipt from County Clerk (Non- Profit only)
• 501c(3) letter from the IRS or Tax Exempt documentation for nonprofit corporations, if applicable (non-Profit only)
• EIN Registration Letter

If there are any special circumstances, additional documentation or requirements may need to be fulfilled. 

Yes. As long as you have the required business formation documents and identification, you can open a business account with us regardless of when you created your business.

We offer business accounts for a wide range of businesses and organizations, including LLCs, corporations, sole proprietorships, partnerships, non-profits, professional practices, and attorneys/IOLA accounts.

Yes. Our accounts can be owned by an individual or an organization. Non-profit organizations will need to provide the required business banking documentation as well as proof of tax-exempt status.

We are able to offer IOLAs to New York barred attorneys and law firms. As a participant in the IOLA program, we are able to help manage client funds in accordance with New York State requirements. We can also assist attorneys involved in the mass tort and qualified settlement space.

We offer RDC solutions for qualifying businesses, allowing you to securely deposit checks directly from your office without visiting a branch. Learn more about our Business Account Services.

Mobile Check Deposit is a feature of our Online and Mobile Business Banking for qualifying accounts.

Through our partnership with Clover Merchant Services we are able to help businesses accept credit card and digital payments both in-store and online. Learn more about our Merchant Services.

We have Zelle® for qualifying business accounts, which allows businesses to conveniently send and receive money with other enrolled users.

Online and Mobile Banking are features of our business accounts.

Yes. We allow businesses to open multiple accounts under the same business entity, as many businesses choose to separate operating, payroll, savings, escrow and/or tax-related funds to better organize their finances.

We offer business debit cards for qualifying business accounts, providing convenient access to your funds for everyday business purchases and ATM withdrawals. Business debit cards also include access to the Allpoint® surcharge-free ATM network.

Business accounts can typically be connected to popular accounting platforms such as QuickBooks, Quicken and Wave through online banking integrations or statement exports.