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STEPS TO OPENING A CHURCH BANK ACCOUNT

STEPS TO OPENING A CHURCH BANK ACCOUNT. STEP 1. ITEMS NEEDED 1. Church Resolution letter on church letterhead authorizing opening of the account and designated signers 2. EIN number (complete SS-4 form)

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STEPS TO OPENING A CHURCH BANK ACCOUNT

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  1. STEPS TO OPENING A CHURCH BANK ACCOUNT

  2. STEP 1 • ITEMS NEEDED • 1. Church Resolution letter on church letterhead authorizing opening of the account and designated signers • 2. EIN number (complete SS-4 form) • 3. 501c3 exemption letter or other proof of non-profit (obtain from conference) • 4. Photo ID for all signers • 5. List of officers • 6. Initial deposit

  3. STEP 2 • Call or visit the websites of local banks to obtain information about the types of accounts they open for churches or non-profits. Be sure to obtain information about monthly fees, interest rates, and any other pertinent information.



  4. STEP 3 Conduct a meeting with the church’s decision-making body(church board). Present the findings, and vote upon a course of action. Decide who will sign for the account during the meeting. Plan a day and time when all signers can travel to the bank to open the account.



  5. STEP 4 • Gather necessary documentation, such as the church's EIN number as well as the 501c3 tax-exempt status certificate to prove the non-profit's existence. All signers may be asked for photo identification, so be sure to advise them all to bring one along.



  6. STEP 5 • Prepare a Resolution on the church's letterhead listing the officers of the church by name and position. Bring it along in case it is needed.



  7. STEP 6 • Gather the funds for the initial deposit. Be sure to inquire with the bank for the necessary amount.


  8. STEP 7 Meet at the bank and open the account

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