Corporate Resolution To Open A Bank Account

Open a Corporate Bank Account – Free Resolution

Sometimes corporate bylaws don’t explicitly assign someone the power to open a bank account. Sometimes bank tellers or officers don’t understand what corporate bylaws are. Sometimes a bank just chooses to require a corporate resolution granting an individual power to open an account. For these situations, we’ve got the form you need.

Just fill in the information requested in the blanks, sign and date the resolution, and you should be able to open a bank account for your corporation without any issues. Like all our forms, this template is intended for individual use.

At Northwest, we offer a lot more than free forms. We provide registered agent service in every state for $125 a year. You can even hire us for annual report compliance. We also form corporations for $100 plus state fees.

What should a resolution to open a corporate bank account include?

A resolution to open a corporate account needs to include information about your corporation, the bank, the account and the authorized users. The resolution should cover exactly what actions are authorized and how changes can be made. Our free corporate bank account resolution includes all this and more.

Our resolution includes spaces to enter the following information:

• Corporation name and address

• Bank name and address

• Bank account number

• Date of resolution

• Certifying signatures and dates

• Corporate seal

The text of the resolution itself contains statements certifying the following:

• the corporation has been organized under state law

• the resolution was adopted at a meeting of the board of directors

• the resolution is unaltered, in effect, and recorded in the corporation’s books

• the bank has been designated as a depository for the corporation’s funds

• any officer or authorized employee of the corporation may deposit or withdraw from the fund without further confirmation from the bank

• officers or authorized employees can also arrange for funds to be collected, deposited or withdrawn in a specific manner, under a certain condition or for a specific purpose

• these powers remain in effect until the corporation provides written notice of change

• the bank is indemnified for liabilities incurred by acting according to the resolution