New Business Accounts Documentation Checklist
To open your new account, we ask that you provide the following:
For ALL Business Types:
 Completed Business Account Signature Card
 Completed Business Information Form
 Valid, unexpired, government-issued photo identification for each principal or signer
 Valid tax (or employer) identification number (sole proprietors: if applicable; all others: for entity)
 Valid social security number for each signer
PLUS:
Sole Proprietors:
 Certified copy of Fictitious Business
Name Statement/DBA; proof of
publication if available 1
Partnerships:
 Signed copy of partnership agreement
identifying partners and their authority 2
 Certified copy of Fictitious Business
Statement/DBA; proof of publication if
available 3
 Partnership Authorization to open account
signed by all General Partners
Limited Partnerships:
 Signed copy of partnership agreement
identifying partners and their authority 2
 Certificate of Limited Partnership filed
with the Secretary of State
 Certified copy of Fictitious Business
Statement/DBA; proof of publication if
available 4
 Partnership Authorization to open account
signed by all General Partners
Limited Liability Partnerships:
 Signed copy of partnership agreement
identifying partners and their authority 2
 Certificate of Limited Partnership filed
with the Secretary of State
 Certified copy of Fictitious Business
Statement/DBA; proof of publication if
available 3
 Partnership Authorization to open
account, signed by all Managing
Partners
Corporations:
 Certified copy of Corporate Resolution
adopted by Board of Directors authorizing
opening of account
 Articles of Incorporation, file stamped by
the Secretary of State
 Certified copy of Fictitious Business
Statement/DBA; proof of publication if
available 5
 Certified copy of Bylaws
Non-Profit Associations:
 Certified copy of resolution adopted by
governing body of association/organization
authorizing opening of account
 Letter signed by governing body of legal
entity authorizing designated individual to
open account and act on its behalf
Limited Liability Companies:
 Certified copy of resolution to open account
 Operating Agreement (if there is no written
agreement, obtain a statement from the
members/managers stating that their
Operating Agreement is verbal)
 Filed copy of Articles of Organization
 Certified copy of Fictitious Business
Statement/DBA; proof of publication if
available 5
1 A fictitious name is one that does not include the last name of the owner(s)
in the name of the business. It is also one that implies the existence of
additional owners, such as “Company” or “& Son” or “& Associates” or
“Brothers”.
2 If no formal agreement exists, all partners must sign a statement indicating
that they are in business together and state the purpose of the partnership
3 Required if the partnership name does not include the surnames of all
General Partners, or one that suggests additional owners.
4 Required if the partnership name is different from the name on the
Certificate of Limited Partnership.
5 Required if doing business under a name other than the name stated in the
Articles of Incorporation or Articles of Organization
BUSINESS INFORMATION
Company Name: _______________________________________ Member #: __________________________
Address: _____________________________________________ Contact Name: _______________________
Mailing Address: ______________________________________ Phone: _____________________________
City, State, Zip: _______________________________________ Fax Number: ________________________
Business Website: _____________________________________ Email: ______________________________
How did you come to know about Torrance Community FCU?
_____________________________________________________
What products or services does your business provide? _____________________________________________
What year did business begin? __________________________ Number of employees: ___________________
Who are your main competitors? _______________________________________________________________
Other Banks / Financial Institutions: ____________________________________________________________
What services does the current financial institution provide? _________________________________________
Who prepares the company payroll? ____________________________________________________________
Does the company accept VISA/MasterCard from its customers? _____________________________________
What bankcard processing company provides this service? __________________________________________
Does your business provide cash services? _____________ If “Yes”, what type? ________________________
Who are your major vendors? _________________________________________________________________
What is your average deposit amount? ________________ How often do you make deposits? _____________
Do your deposits include cash, checks or electronic credit? __________________________________________
Will you be ordering cash? _________________________ If “Yes”, what frequency? ____________________
Will you be able to provide ACH capabilities for direct deposit or payroll deduction? _____________________
Payroll Frequency:
Weekly _________ Bi-Weekly _________ Monthly _________
Does your business currently have an established credit union relationship? _____________________________
Completed by: _______________________________________________ Date: _________________________
(PRINT NAME)
Authorized Signer Information and Signatures
1
Name: _______________________________________________________ Title: _________________________________
Home Address: _______________________________________________________________________________________
City: _____________________________________________________ State: ______________ Zip: ________________
Home Phone: ______________________ Business Phone: ____________________ Cell Phone: ____________________
Social Security #: ____________________________________________ Date of Birth: ___________________________
Signature: ___________________________________________________________________________________________
2
Name: _______________________________________________________ Title: _________________________________
Home Address: ______________________________________________________________________________________
City: _____________________________________________________ State: ______________ Zip: ________________
Home Phone: ______________________ Business Phone: ____________________ Cell Phone: ___________________
Social Security #: ____________________________________________ Date of Birth: ___________________________
Signature: ___________________________________________________________________________________________
3
Name: _______________________________________________________ Title: _________________________________
Home Address: ______________________________________________________________________________________
City: _____________________________________________________ State: ______________ Zip: ________________
Home Phone: ______________________ Business Phone: ____________________ Cell Phone: ___________________
Social Security #: ____________________________________________ Date of Birth: ___________________________
Signature: ___________________________________________________________________________________________
4
Name: _______________________________________________________ Title: _________________________________
Home Address: ______________________________________________________________________________________
City: _____________________________________________________ State: ______________ Zip: _______________
Home Phone: ______________________ Business Phone: ____________________ Cell Phone: ___________________
Social Security #: ____________________________________________ Date of Birth: ___________________________
Signature: ___________________________________________________________________________________________
(Please include a copy of current Driver’s License or State ID for each signer)
REQUEST FOR TAXPAYER IDENTIFICATION AND CERTIFICATION
Taxpayer Identification #: ______________________________
Under penalties of perjury, you certify that: 1) the number shown on this form is your correct taxpayer identification number,
and 2) you are not subject to backup withholding because (a) you are exempt from backup withholding, or (b) you have not been
notified by the Internal Revenue Service that you are subject to backup withholding as a result of a failure to report all interest or
dividends, or (c) the IRS has notified you that you are no longer subject to backup withholding, and 3) you are a U. S. person
(including a U.S. resident alien).
Certification Instructions: You must cross out item “2” above if you have been notified by the IRS that you are currently
subject to backup withholding because you have failed to report all interest and dividends on your tax return.
Note: The Internal Revenue Service does not require consent to any provision of this document other than the
certification required to avoid backup withholding.
X_______________________________________________
Signature of U.S. Person
Date: ___________________________
X_______________________________________________
Printed Name of U.S. Person
Credit Union Use Only Approved by:
Date:
Check Digit:
Teller #:
Credit U nion
Business E nterprises
Business Account Fee Schedule
GENERAL
(for all BUSINESS accounts unless otherwise noted)
Per Account Transaction $0.10 per item; 1st 100 free /month
Per Item Deposited (includes remote deposits)
$0.20 per item; 1st 100 free /month
Cash Orders $2.00 per order
Express cash orders
$25.00 per order
If account is closed in 90 days from opening
$10.00
Domestic Wire Transfer outgoing
$20.00
Incoming Wire Transfer
$5.00
International Wire Transfer
$35.00
Money Order
$2.00
Gift Check
$2.50
Cashiers Check
$5.00
Member withdrawal Check (First Check – FREE)
$1.00
Stop Payment $15.00
Copy of Current Statement (per page)
$1.00
Copy of Prior Statement (per page)
$2.00
Current Account History Printout
$1.00
Regular Share Accounts (below requirement of $50.00)
$10.00
Traveler’s card
$7.95
X-Mas Club Early Withdrawal Fee
$5.00
Notary Fee, Credit Union related (per signature)
FREE
Notary Fee, Non-Credit Union Related $10.00
Canadian Collection Item (per item) $5.00
All Other Foreign Collection Items (per item)
$25.00
Address Correction
$5.00
Return Deposit Item 3rd-Party
5% of ck (min $2 max $20)
Return Deposit Item Non-3rd-Party
10% of ck (min $5 max $30)
Escheat Fee
$5.00
Coin Machine, Members
3% of total
Coin Machine, Non Members
6% of total
Rolled Coin Fee
5% of total over 10 rolls per day
Single Service Fee (Savings only, balance <$100, over 18 yrs of age)
$10.00/ Qtr.
Home Banking
FREE
Direct Deposit
FREE
CONTINUED
Credit U nion
Business E nterprises
Business Account Fee Schedule, Cont.
Tele Teller
Shared Branch Access
FREE
FREE
SHARE DRAFT ACCOUNTS
Business Checking
Copy of Member Share Draft (one free per month) Non-Sufficient Funds Charge
Stop Payment
Savings Overdraft Automatic Transfer (After 1st – 6 per month) Share Draft Account Reconcilement (per hour, 3 months max)
Share Drafts
Courtesy Pay Fee $5.00 per month
$3.00
$26.00
$15.00
$5.00
$25.00
Varies
$26.00
LOAN LATE FEES
Loan Late Charge (Non Line of Credit)
Loan Late Charge (Line of Credit)
5% of pmt. due (min $15 max $50)
5% of pmt. due (min $5 max $50)
ATM (AUTOMATED TELLER MACHINE)
Card Replacement Fee (No Charge for Damaged Card When Surrendered)
Overnight Fee (ATM CheckCard)
ATM/Debit Card Special Mailing Fee
Chargeback Initiation Fee
ATM/Shared Branch Returned Deposit (3rd Party Check)
ATM/Shared Branch Returned Deposit
$15.00
$30.00
$5.00
$25.00
$16.00
$25.00
Fees valid as of March 30, 2013
MAIN BRANCH
2377 Crenshaw Blvd., Suite 150
Torrance, CA 90501
(310) 618-9111
(866) 618-9111
Fax (310) 782-1732
TELETELLER
Local (310) 782-3937
Toll free (866) 782-3937
ACCESS
www.torranceccu.org