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How to Open a New
Business Account


To open your new Dover Federal business account, please provide the following:


Identification
(Photo Driver’s License, Photo State ID, Photo Passport, Photo Military ID, or Photo Government ID)

Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account to help the government fight the funding of terrorism and money laundering activity.



Business Documentation

Depending on your business entity type, you may need all of the bulleted items listed below. We verify business license is on file with the State of Delaware:



Sole Proprietorship

  • EIN Assignment Letter
  • If using a trade name, copy of the Registration of Trade Names/Fictitious Name Certificate/DBA


Partnership

  • Partnership Agreement
  • EIN Assignment Letter
  • If using a trade name, copy of the Registration of Trade Names/Fictitious Name Certificate


Limited Liability Company (LLC)

  • Articles or Certificate of Formation
  • EIN Assignment Letter
  • Operating Agreement (if applicable)
  • If using a trade name, copy of the Registration of Trade Names/Fictitious Name Certificate


Corporation

  • Articles of Incorporation
  • Bylaws
  • EIN Assignment Letter


Non-Profit: Leagues, Clubs, Organizations

  • Charter or Bylaws or Meeting Minutes stating instruction for account opening
  • IRS Tax Exemption Letter
  • EIN Assignment Letter


Business Member Account Card

Business Authorization Form

Business Membership and Account Agreement

Important Disclosures for Business Members


Notes:

  1. A Business Share/Savings Account is opened first (as a Member of the Credit Union, you are a Share holder) with a minimum of $5. Your Member Service Representative will then proceed with the Business Checking Account opening. We have 3 options: Basic, Performance & Non-Profit.
  2. If you are the owner of the account, but want to have an authorized signer for an account, the authorized signers will need to provide their identification, as well, if not present, must be notarized.
  3. You will sign Signature Card(s) and Designation Authorization Agreement during the account opening process.



Downloadable Form: How to Open a New Business Account


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Dover Federal Credit Union is an Equal Opportunity-Affirmative Action employer.