At Amplify, our goal is to make opening a business account as painless as possible. And to accomplish this, we’ve put together a list of everything you’ll need to submit along with your application. In this article, we break down the requirements for each type of business structure and provide the contact information for an Amplify banker if you need additional support.

Key Takeaways:

• Amplify offers business bank accounts with $0.00 in fees and penalties.
• The application documentation for business clients varies depending on the business structure.
• You can contact our team at (512) 836-5901 or by email at virtualbranch@goamplify.com with additional questions.

What business accounts does Amplify offer?

Every business is required to open a savings account to become an Amplify client. Your savings account serves as the basis of your membership and comes with $0.00 in bank fees and penalties. We also offer checking accounts, money market accounts, and certificates of deposit for business clients. You can select each of these accounts during the application process or talk to an Amplify banker for more information.

What documentation is required to open a business account?

The documentation you need to open a business account will depend on the structure of your business. If you are required to provide identification for account signers, these persons must provide a clear, color photocopy of the following forms of identification:

• U.S. state driver’s license.
• Valid U.S. military identification card.
• Foreign passport with valid U.S. Visa.
• Valid Texas concealed handgun license.
• U.S. state government-issued identification card.

Corporation

• Employer identification number.
• Certificate of formation.
• Meeting minutes. These must include the stated intention to bank with Amplify and the names of the account signer(s).
• Tax exempt letter from the IRS (if applicable).
• Name and title of the person with significant responsibility for managing the organization. If not a business owner or account signer, this person must provide their date of birth, social security number, and physical address.
• Identification for all account signers.

Limited Liability Company

• Employer identification number (if applicable).
• Certificate of formation.
• Name and title of the person with significant responsibility for managing the organization. If not a business owner or account signer, this person must provide their date of birth, social security number, and physical address.
• Identification for all account signers.

General, Limited, and Limited Liability Partnerships

• Employer identification number.
• Certificate of formation.
• Name and title of the person with significant responsibility for managing the organization. If not a business owner or account signer, this person must provide their date of birth, social security number, and physical address.
• Identification for all account signers.

Sole Proprietorship

• Employer identification number (if applicable).
• Assumed name certificate (if applicable).
• Identification for all account signers.

Unincorporated Association

• Employer identification number.
• Meeting minutes. These must include the stated intention to bank with Amplify and the names of the account signer(s).
• Identification for all account signers.

What if I have questions about my application?

If you have questions about your application, contact our virtual bankers at virtualbranch@goamplify.com. Our team is standing by to answer any questions you might have about business accounts or services.