Our UMass Amherst branch is closed today, Thursday, July 23. All other branches are open as usual. As always, our digital banking services are available for your convenience.

×

Business Account Type Requirements

Our Commercial Services Division has your business covered with the accounts you need, quick & flexible loans, and expert advice drawn from hands-on experience.

Here's what we'll need from you to get you started:


 

Entity TypeAccount TitleFree Account TypeTax ID NumberRequired Documents
CorporationName of Corporation - must include at least one of the following: Incorporated, Corporation, Limited, Inc., Corp., or Ltd.Corporation (R )EIN of Corporation
  1. Corporate Resolution, must be completed, signed and dated by corporate secretary^
  2. Articles of Organization as filed with the Secretary of State's Office
  3. IRS letter confirming EIN
Limited Liability CompanyName of Limited Liability Company must include Registered Limited Liability Partnership, Limited Company, LLC, or LCLimited Liability Company (L)EIN of Limited Liability Company
  1. Certificate of Organization filed with the state.
  2. Operating Agreement, if applicable^^
  3. IRS letter confirming EIN
Sole ProprietorshipName of Sole Proprietor DBA Name of Business (Sam Cook DBA Cook Moving Company)Sole Proprietor (S)SSN of Owner OR EIN of Business
  1. Business License, if applicable*
  2. IRS letter confirming EIN, if applicable**
  3. Business Certificate, if applicable, filed by town^^^
General PartnershipName of PartnershipPartnership (Q)EIN of Partnership
  1. Partnership Agreement
  2. Business License, if applicable*
  3. IRS letter confirming EIN
Limited PartnershipName of Limited Partnership must include Limited PartnershipPartnership (Q)EIN of Partnership
  1. Partnership Agreement
  2. Business License, if applicable*
  3. IRS letter confirming EIN
Limited Liability PartnershipName of Limited Liability Partnership must include Registered Limited Liability Partnership, Limited Liability Partnership, or LLPPartnership (Q)EIN of Partnership
  1. Partnership Agreement
  2. Business License, if applicable*
  3. IRS letter confirming EIN
AssociationName of AssociationOrganization (O)EIN of Organization
  1. Organization Letter stating each member of the association and their role
  2. IRS letter confirming EIN
Nonprofit/CharityName of Nonprofit/CharityOrganization (O)EIN of Organization
  1. Corporate Resolution, must be completed, signed and dated by corporate secretary^
  2. Articles of Incorporation as filed with the Secretary of State's Office
  3. IRS letter confirming EIN
Political Non-Government Organization (NGO)Name of NGOOrganization (O)EIN of Organization
  1. IRS letter confirming EIN
  2. Form CPF 101: Statement of Organization with the state
OrganizationName of OrganizationOrganization (O)EIN of Organization
  1. Letter from SEG Administration, signed and dated, verifying the organization and the name of each authorized signer.
  2. IRS letter confirming EIN
Business TrustName of TrustTrust (T)EIN of TrustTrust Instrument

^If Corporate Resolution is not available, the Credit Union's Authorization Designation Form may be used instead.

^^An operating agreement is NOT required if the business itself was formed in Massachusetts. Other states may also require an operating agreement.

*Some businesses require licenses to perform their service, such as Accountants, Contractors, Hair Stylists, and Physical Therapists. Some businesses that do not require licenses are bakeries, clothing stores, and private music lessons.

**If sole proprietors can choose to use their SSN, an IRS letter confirming EIN is not required.

^^^If the member's name or legal last name is not in the title of the business, they will need the Business Certificate.