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What Do I Need to Open A Business Account?
There is specific information we are required to collect on a business—Sole proprietorship, Partnership, Limited Liability Company or Corporation and other non-natural person entity, such as an association or trust.
- Name
- Address or place of business
- Employer identification number (EIN)*
*FNB will not be able to open the account if the business is awaiting the issuance of its EIN.
Verification of the identity of the business: Before opening an account for a business FNB will verify the existence of the business by making a copy of the Original or Certified Original of the following:
- Articles of Incorporation or partnership agreement; or
- DBA (Doing Business As) papers filed with the County Clerk stating the name of the business and the person(s) officially listed as doing business under that name; and/or
- Board of Directors Resolution (must include signature of the President and Secretary) stating the approval of opening an account under the business name and the authorized signers of the account.
We also collect:
- social security number
- driver license number and
- date of birth of the owner(s) of the business and the authorized signers of the account.
Providing Solutions for your Business Needs!
Regular Checking Account
The First National Bank of Bastrop’s Regular Business Checking Account is the perfect match for your banking needs. It provides free monthly images of your checks along with your statements, free online banking, and many of the other quality services that our customers have come to expect.
Account Details:
- $200 Minimum opening balance
- Business accounts may be assessed a service charge based upon analysis of the account
| Minimum Daily Balance | |
|---|---|
$500.00 or above |
No charge |
$499.99 – $400.00 |
$5.00 |
$399.99 – $300.00 |
$6.00 |
below $300.00 |
$7.00 |
Top 10 Reasons to Open a Business Account Today!
- Low Minimum Deposit to Open Business Account
- No Service Charge if you maintain $500.00 or more in the account during the month.
- Free Booklet Deposit Slips & Free Zipper Moneybag
- Secure Night depository drop for after hours deposit at all locations
- Commercial Cash Management
- Commercial Internet Banking
- Commercial Business MasterCard Debit Card for up to 2 employees
- Competitive Merchant Credit Card Processing Program
- Small Business Administration (SBA) Loans
- Personal Service & Reliable Business Relationship with a Bank YOU Can Trust!
Money Market Account (Interest Bearing Account)
View Current Rates Here
Account Details:
- $1500.00 minimum balance to open
- Interest will be compounded every month. Interest will be credited to your account every month.
- Transaction Limitations: Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no more than three by check, draft, debit card, or similar order to third parties.
| Minimum Daily Balance | |
|---|---|
Below $1,500.00 |
$10.00 |
$1,500.00 or above |
No Charge |
Savings (Interest Bearing Account) View Current Rates Here
Account Details:
- $50.00 minimum balance to open
- Interest will be compounded every day. Interest will be credited to your account every quarter.
- Transaction limitations: Transfers from a Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month with no more than three by debit card or similar order to third parties.
- Fees: An excess withdrawal fee of $1.00 will be charged for each debit transaction (withdrawal, automatic transfer or payment out of this account) in excess of three during a statement cycle
| Minimum Daily Balance | |
|---|---|
$25.00 and above |
No Charge |
below $25.00 |
$1.00 |
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