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Business Account

Business Account Application

Your Local Twin Cities Minnesota Community Bank Since 1908.

Important Information About Procedures for Opening a New Account

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

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

To complete this new account application you will need the following information:

  • Business EIN
  • Business Address
  • Social Security Number for each signer
  • Date of Birth for each signer
  • Driver’s License/ID Information for each signer
  • Home Address for each signer

By submitting this application, I authorize BankCherokee to obtain information regarding my identity, credit history, and other banking history form a consumer-reporting agency.  I understand that this information will be used in conjunction with the request to open or modify a deposit account being submitted by within named entity on which I will be an authorized signer. I further understand if information in the credit report results in a decision to either disallow my signing authority on the account or disallow opening the account, BankCherokee will communicate this fact to owners and/or authorized signers of the (proposed) account.  I further authorize BankCherokee to obtain such information at any time from one or more consumer reporting agencies that it may choose as long as I am an authorized signer on the account.

Business Entity Information