Start your business on the path to savings and success

An RBFCU business account gives you access to the variety of business and merchant services RBFCU provides, including business loans, business checking and more.

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What you’ll need to open your business account

  • Sole proprietorship
  • General partnership
  • Limited partnership (LP)
  • Limited liability partnership (LLP)
  • Corporation (for-profit or nonprofit)
  • Limited liability company (LLC)
  • Club accounts
  • Campaign accounts

Sole proprietorship

  • All authorized signers must have a primary savings account
  • Assumed name certificate (DBA) filed in Texas with county clerk’s office or secretary of state
  • EIN documentation of sole proprietorship, if applicable (EIN on IRS letterhead)
  • Valid government-issued ID for all account signers (e.g., driver license, U.S. military ID, passport)

General partnership

  • All authorized signers must have a primary savings account
  • Assumed name certificate (DBA) filed in Texas with county clerk’s office or secretary of state
  • EIN documentation of legal entity (EIN on IRS letterhead)
  • Valid government-issued ID for all account signers (e.g., driver license, U.S. military ID, passport)
  • Partnership agreement (if applicable)

Limited partnership (LP)

  • All authorized signers must have a primary savings account
  • Certification of limited partnership listing legal ownership and filed in Texas with the secretary of state
  • EIN documentation of legal entity (EIN on IRS letterhead)
  • Valid government-issued ID for all account signers (e.g., driver license, U.S. military ID, passport)
  • Partnership agreement (if applicable)

Limited liability partnership (LLP)

  • All authorized signers must have a primary savings account
  • Registration certificate or renewal of partnership application for registration listing legal ownership and filed in Texas with the secretary of state
  • EIN documentation of legal entity (EIN on IRS letterhead)
  • Valid government-issued ID for all account signers (e.g., driver license, U.S. Military ID, passport)
  • Partnership agreement (if applicable)

Corporation (for-profit or nonprofit)

  • If the corporation qualifies for membership as an association of persons, then only the corporation secretary must have a primary savings account. Otherwise, all authorized signers must have a primary savings account.
  • Certification of formation listing legal ownership and filed in Texas with the secretary of state
  • EIN documentation of legal entity (EIN on IRS letterhead)
  • Valid government-issued ID for all account signers (e.g., driver license, U.S. military ID, passport)
  • Meeting minutes

Limited liability company (LLC)

  • All authorized signers must have a primary savings account
  • Certificate of formation listing legal ownership and filed in Texas with the secretary of state
  • Assumed name certificate filed with the secretary of state (if applicable)
  • EIN documentation of legal entity (SS-4 form assigning EIN on IRS letterhead)
  • May use Social Security number if there is only one owner of the LLC or if the legal owners are married
  • Valid government-issued ID for all account signers (e.g., driver license, U.S. military ID, passport)
  • Operating agreement

Club accounts

  • Club must have a primary savings account and qualify for membership as an association of persons
  • EIN documentation of legal entity (EIN on IRS letterhead)
  • Valid government-issued ID for all account signers (e.g., driver license, U.S. military ID, passport)
  • Debit cards, loans and eDeposits are not permitted on Club Accounts

Campaign accounts

  • Candidate and treasurer must qualify for membership and open a primary savings account
  • EIN documentation of legal entity (EIN on IRS letterhead)
  • CTA form (appointed of a campaign treasurer by a candidate) filed in the appropriate jurisdiction
  • Valid government-issued ID for all account signers (e.g., driver license, U.S. military ID, passport)

* For other entity types including but not limited to franchise, satellite church and insurance agency, please contact Remote Member Assistance at 1-800-580-3300, ext.66950, then select option 2.

 

FAQ FAQs

More FAQs

To open a business account, RBFCU personal accounts of all principal owners must be in good standing. Programs and fees subject to change. Certain information regarding the nature and transaction types of your business will be gathered at the time of account opening. Check cashing is not available on business accounts, however, you may deposit and withdraw the funds. We do not offer Money Service Businesses (MSB) accounts. The Department of the Treasury and FinCEN defines a Money Services Business (MSB) as a business that conducts more than $1,000 in business with one person in one or more transactions on the same day in one or more of the following services: Money Orders, Traveler’s Checks, Money Transmission, Check Cashing, Currency Exchange, Currency Dealing and Stored Value. For complete details, contact our Remote Member Assistance team at 1-800-580-3300, ext. 66950, then choose option 2 (toll-free).