Enjoy unlimited check writing and earn interest all in one account. Business Plus Checking is only available to sole proprietorships, non-profit organizations, and government entities.
Minimum to open: $100.00
Monthly Service Charge:
Additional Account Service Charges:
Additional Account Features:
Owner of the Business
State Specific:
Other:
All general partners must be present and on the account.
Assumed Name Certificate / DBA
Required if partnership is doing business under a trade name
Also referred to as Fictitious Name Certificate or Name Registration
Partnership Agreement
Required if partnership is not clearly indicated on the Assumed Name Certificate / DBA
Franchise Agreement
Only required if partnership is operating as a franchisee
Acceptable ID for each authorized signer (with the exception of U.S. Military ID's, photocopies of identifying documentation will be retained)
ID must be valid (non-expired)
Social Security Numbers for each authorized signer
Taxpayer Identification Number (TIN/EIN) for the Partnership
Cannot be the Social Security Number of a partner
Apply anytime online at www.irs.gov or call 1-800-829-4933 (7:00 AM – 10:00 PM, Monday - Friday)
Documentation on each Beneficial Owner of the General Partnership
A Beneficial Owner is an individual who:
Each individual, if any, who owns, directly or indirectly, 25 percent or more of the equity interests of the legal entity customer (e.g., each natural person that owns 25 percent or more of the shares of a corporation);
One individual with significant responsibility for controlling or managing the entity, for example the senior executive officer, senior manager, etc.
Federal regulation requires financial institutions, such as Woodforest, to obtain, verify and record information about the Beneficial Owner(s).
No. Any representative authorized to open an account on behalf of the legal entity can provide information about the Beneficial Owners via the Beneficial Ownership Form.
A completed Beneficial Ownership Form that includes information such as:
Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence, and percentage of ownership for each Beneficial Owner
Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence for each controlling individual (this information is required even if no equity owner has 25% or greater ownership)
Certification that information provided is complete and correct
All general partners must be present and on the account. If the general partner is a legal entity, such as a corporation or LLC, the authorized representative (Director, Officer; Manager) of that entity may open the account. Legal entity general partners must be in good standing with the state.
Certificate of Partnership
Certificate of Filing
This certifies that the Certificate of Limited Partnership was filed with the state
Assumed Name Certificate / DBA
Only required if partnership is doing business under a trade name
Example: If “Smith Construction Ltd” also does business under “John’s Construction”, a DBA would be required
Also referred to as Fictitious Name Certificate or Name Registration
Franchise Agreement
Only required if partnership is operating as a franchisee
Acceptable ID for each authorized signer (with the exception of U.S. Military ID's, photocopies of identifying documentation will be retained)
ID must be valid (non-expired)
Social Security Numbers for each authorized signer
Taxpayer Identification Number (TIN/EIN) for the Partnership
Cannot be the Social Security Number of a partner
Apply anytime online at www.irs.gov or call 1-800-829-4933 (7:00 AM – 10:00 PM, Monday - Friday)
Documentation on each Beneficial Owner of the Limited Partnership
A Beneficial Owner is an individual who:
Each individual, if any, who owns, directly or indirectly, 25 percent or more of the equity interests of the legal entity customer (e.g., each natural person that owns 25 percent or more of the shares of a corporation);
One individual with significant responsibility for controlling or managing the entity, for example the senior executive officer, senior manager, etc.
Federal regulation requires financial institutions, such as Woodforest, to obtain, verify and record information about the Beneficial Owner(s).
No. Any representative authorized to open an account on behalf of the legal entity can provide information about the Beneficial Owners via the Beneficial Ownership Form.
A completed Beneficial Ownership Form that includes information such as:
Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence, and percentage of ownership for each Beneficial Owner
Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence for each controlling individual (this information is required even if no equity owner has 25% or greater ownership)
Certification that information provided is complete and correct
At least one individual appointed as Manager (or Managing Member) of the business within Articles/Certificate of Formation or most recent Public Information Report. If a state recognized Manager will not be signing on the account, a formal, notarized letter on company letter head authorizing the account to be established may be requested.
Articles of Organization (AKA Certificate of Formation or Certificate of Organization)
Certificate of Foreign Entity Registration and Foreign Articles of Organization (required if the LLC is opening an account in a state other than the state of original filing)
Assumed Name Certificate / DBA
Only required if corporation is doing business under a trade name
Example: If “Smith Construction LLC” also does business under “John’s Construction”, a DBA would be required
Also referred to as Fictitious Name Certificate or Name Registration
Franchise Agreement
Only required if corporation is operating as a franchisee
Proof that the LLC is active and/or in good standing in the applicable state
Typically referred to as a Certificate of Good Standing
In many cases, the Bank is able to obtain this information online. If the information cannot be obtained, you must provide the document. For example, businesses charted in Alabama must provide this documentation. Please contact your local branch for more information.
Acceptable ID for each authorized signer (with the exception of U.S. Military ID's, photocopies of identifying documentation will be retained)
ID must be valid (non-expired)
Social Security Numbers for each manager/member and any authorized signers
Taxpayer Identification Number (TIN/EIN) for the LLC
Cannot be the Social Security Number of a member (unless it is a single member LLC with no employees)
Apply anytime online at www.irs.gov or call 1-800-829-4933 (7:00 AM – 10:00 PM, Monday - Friday)
Documentation on each Beneficial Owner of the Limited Liability Company (LLC)
A Beneficial Owner is an individual who:
Each individual, if any, who owns, directly or indirectly, 25 percent or more of the equity interests of the legal entity customer (e.g., each natural person that owns 25 percent or more of the shares of a corporation);
One individual with significant responsibility for controlling or managing the entity, for example the senior executive officer, senior manager, etc.
Federal regulation requires financial institutions, such as Woodforest, to obtain, verify and record information about the Beneficial Owner(s).
No. Any representative authorized to open an account on behalf of the legal entity can provide information about the Beneficial Owners via the Beneficial Ownership Form.
A completed Beneficial Ownership Form that includes information such as:
Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence, and percentage of ownership for each Beneficial Owner
Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence for each controlling individual (this information is required even if no equity owner has 25% or greater ownership)
Certification that information provided is complete and correct
All general partners must be present and on the account. If the general partner is a legal entity, such as a corporation or LLP, the authorized representative (Director, Officer; Manager) of that entity may open the account. Legal entity general partners must be in good standing with the state.
Articles of Organization (AKA Certificate of Formation or Certificate of Organization)
Certificate of Filing (certifies Articles were filed with the state)
Certificate of Foreign Entity Registration of a Limited Partnership (required if the limited partnership is opening an account in a state other than the state of original filing)
Assumed Name Certificate / DBA
Only required if corporation is doing business under a trade name
Example: If “Smith Construction LLP” also does business under “John’s Construction”, a DBA would be required
Also referred to as Fictitious Name Certificate or Name Registration
Franchise Agreement
Only required if corporation is operating as a franchisee
Proof that the Partnership is active/and or in good standing in applicable state
Typically referred to as Certificate of Good Standing
In many cases, the Bank is able to obtain this information online. If the information cannot be obtained, you must provide the document. For example, businesses charted in Alabama must provide this documentation. Please contact your local branch for more information.
Acceptable ID for each authorized signer (with the exception of U.S. Military ID's, photocopies of identifying documentation will be retained)
ID must be valid (non-expired)
Social Security Numbers for each manager/member and any authorized signers
Taxpayer Identification Number (TIN/EIN) for the LLP
Cannot be the Social Security Number of a member (unless it is a single member LLP with no employees)
Apply anytime online at www.irs.gov or call 1-800-829-4933 (7:00 AM – 10:00 PM, Monday - Friday)
Documentation on each Beneficial Owner of the Limited Liability Partnership (LLP)
A Beneficial Owner is an individual who:
Each individual, if any, who owns, directly or indirectly, 25 percent or more of the equity interests of the legal entity customer (e.g., each natural person that owns 25 percent or more of the shares of a corporation);
One individual with significant responsibility for controlling or managing the entity, for example the senior executive officer, senior manager, etc.
Federal regulation requires financial institutions, such as Woodforest, to obtain, verify and record information about the Beneficial Owner(s).
No. Any representative authorized to open an account on behalf of the legal entity can provide information about the Beneficial Owners via the Beneficial Ownership Form.
A completed Beneficial Ownership Form that includes information such as:
Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence, and percentage of ownership for each Beneficial Owner
Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence for each controlling individual (this information is required even if no equity owner has 25% or greater ownership)
Certification that information provided is complete and correct
At least one individual appointed as Director or Officer of the business within Articles/Certificate of Formation or most recent Public Information Report. If a state recognized Director or Officer will not be signing on the account, a formal, notarized letter on company letter head authorizing the account to be established may be requested.
Certificate of Formation OR Articles of Incorporation
Certificate of Filing
Certificate of Foreign Entity Registration and Foreign Articles of Incorporation (required if the corporation is opening an account in a state other than the state of original filing)
Assumed Name Certificate/DBA
Only required if corporation is doing business under a trade name
Example: If “Smith Construction Inc.” also does business under “John’s Construction”, a DBA would be required
Also referred to as Fictitious Name Certificate or Name Registration
Franchise Agreement
Only required if corporation is operating as a franchisee
IRS Determination Letter
Only required if corporation is non-profit
Proof that the corporation is active and/or in good standing in the applicable state
Typically referred to as a Certificate of Good Standing
In many cases, the Bank is able to obtain this information online. If the information cannot be obtained, you must provide the document. For example, businesses incorporated in Alabama must provide this documentation. Please contact your local branch for more information.
Acceptable ID for each authorized signer (with the exception of U.S. Military ID's, photocopies of identifying documentation will be retained)
ID must be valid (non-expired)
Social Security Numbers for each authorized signer
Taxpayer Identification Number (TIN/EIN) for the Corporation
Cannot be the Social Security Number of an authorized signer/director/officer
Apply anytime online at www.irs.gov or call 1-800-829-4933 (7:00 AM – 10:00 PM, Monday - Friday)
Documentation on each Beneficial Owner of the Corporation
A Beneficial Owner is an individual who:
Each individual, if any, who owns, directly or indirectly, 25 percent or more of the equity interests of the legal entity customer (e.g., each natural person that owns 25 percent or more of the shares of a corporation);
One individual with significant responsibility for controlling or managing the entity, for example the senior executive officer, senior manager, etc.
Federal regulation requires financial institutions, such as Woodforest, to obtain, verify and record information about the Beneficial Owner(s).
No. Any representative authorized to open an account on behalf of the legal entity can provide information about the Beneficial Owners via the Beneficial Ownership Form.
A completed Beneficial Ownership Form that includes information such as:
Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence, and percentage of ownership for each Beneficial Owner
Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence for each controlling individual (this information is required even if no equity owner has 25% or greater ownership)
Certification that information provided is complete and correct
Officers or authorized party identified within the meeting minutes and notarized letter.
Organization’s Charter
Organization’s By-Laws or Operating Agreement
Signed Formal Letter, preferably on letterhead, and Signed Meeting Minutes stating the Organization’s intent to open an account and who will be authorized to sign
NOTE: This document is NOT sufficient on its own, rather it may be used in conjunction with the Organization’s Charter and By-Laws / Operating Agreement
Girl Scout Accounts
Documentation on Girl Scout Letterhead authorizing the customer as troop leader
Boy Scout Accounts
By-Laws and letter from Chartering Sponsor (i.e.: Church or School) appointing Den Leader; Meeting Minutes reflecting discussion to establish account and identifying authorized signers.
Acceptable ID for each authorized signer (with the exception of U.S. Military ID's, photocopies of identifying documentation will be retained)
ID must be valid (non-expired)
Social Security Numbers for each authorized signer
Taxpayer Identification Number (TIN/EIN) for the association
Cannot be the Social Security Number of an authorized signer
Apply anytime online at www.irs.gov/ or call 1-800-829-4933 (7:00 AM – 10:00 PM, Monday - Friday)
Access your account whenever and wherever with Online and Mobile Banking.(4)
Use your debit card to manage your business, cash flow and company purchases.
Watch how quickly your money grows when you start saving.
*Regardless of account type, when items are presented for payment in excess of the balance in your account, an overdraft item fee will be assessed if the item is paid. This includes but is not limited to debit card transactions, such as ATM withdrawals, that are in excess of the balance in your account which may incur an overdraft item fee if the transaction is paid. The payment of overdraft items and transactions is at our discretion, and more than one overdraft item fee may be assessed in a single day. For complete details regarding our products, services, and fees, including important details regarding our overdraft fees and options, please stop by one of our convenient branch locations and speak with a Retail Banker.
(1) The average collected balance is the sum of the collected balance each day of the cycle divided by the number of days in the cycle.
(2) Withdrawals include any debit transaction.
(3) Each Woodforest Debit Card® ordered will be assessed a one time $15.00 set up fee that will be withdrawn out of the attached account. All other POS and ATM charges will still apply including surcharges that may be imposed by non-Woodforest ATM owners and operators.
(4) Data rates may apply. See carrier for details.