Business Bank Account Checklist

Separate banking makes bookkeeping cleaner and helps create a clearer boundary between business and personal money.

Before you apply

Bank requirements vary, but businesses commonly need formation or registration documents, EIN information when applicable, identification, and ownership information.

After opening the account

• Run business income and expenses through the business account.
• Document owner contributions and distributions separately.
• Reconcile the account monthly.
• Use a business card rather than personal cards for business spending when practical.
• Keep the bank records with the accounting records.