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.

Business Checking Accounts

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!

  1. Low Minimum Deposit to Open Business Account
  2. No Service Charge if you maintain $500.00 or more in the account during the month.
  3. Free Booklet Deposit Slips & Free Zipper Moneybag
  4. Secure Night depository drop for after hours deposit at all locations
  5. Commercial Cash Management
  6. Commercial Internet Banking
  7. Commercial Business MasterCard Debit Card for up to 2 employees
  8. Competitive Merchant Credit Card Processing Program
  9. Small Business Administration (SBA) Loans
  10. Personal Service & Reliable Business Relationship with a Bank YOU Can Trust!

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