Simple Business Banking

At many financial institutions, just selecting a business account can be a complex decision. With numerous account offerings, it's difficult for them to explain and difficult for you to choose the best option.  We have found that when you make the wrong choice it may cost you more than you want to spend--both in fees and frustration! 

At DownriverCU, we keep it simple. We offer just one business banking package, which includes our Simple Business Savings and our Simple Business Checking, making DownriverCU an easy choice to meet the growing needs of your business.

Here's what you'll need to open a DownriverCU Business Account:

There are various requirements to open a DownriverCU Business Account, depending on the type of business organization you have filed. If you have any questions, please contact Business Services at (313) 386-2200 x 1202. Below are the types of businesses we service:

Sole Proprietorship

1. Social Security Number (SSN) of the owner of the business OR
2. Employer Identification Number (EIN) issued by the IRS in the name of the business or in the name of the owner.
3. DBA, Certificate of Assumed Name, or Fictitious Business Name Statement (FBNS) filed within the last 5 years (if applicable). (The FBNS is not required when the owner’s surname/last name is used in the business name, such as Johnson’s Tax Accounting, or O’Donnell’s Home Improvements. However, if the business name implies other business owners, i.e. Smith & Sons, Anderson & Company, or Jones and Associates, etc., then a DBA or FBNS is required.)
4. A completed CERTIFICATION OF BENEFICIAL OWNER(S).
5. A completed BUSINESS ACCOUNT QUESTIONNAIRE.

General Partnership

1. Employer Identification Number (EIN) issued by the IRS in the name of the business.
2. General Partnership Agreement signed by all Partners, OR
3. DBA, Certificate of Assumed Name, or Fictitious Business Name Statement, filed within the last 5 years.
4. A completed CERTIFICATION OF BENEFICIAL OWNER(S).
5. A completed BUSINESS ACCOUNT QUESTIONNAIRE.

Limited Partnership (LP)

1. Employer Identification Number (EIN) issued by the IRS in the name of the business.
2. Filed Certificate of Limited Partnership.
3. Limited Partnership Agreement signed by all Partners.
4. DBA, Certificate of Assumed Name, or Fictitious Business Name Statement (FBNS) filed within the last 5 years (required ONLY if the LP is using a DBA).
5. A completed CERTIFICATION OF BENEFICIAL OWNER(S).
6. A completed BUSINESS ACCOUNT QUESTIONNAIRE.

Limited Liability Partnership (LLP)

1. Employer Identification Number (EIN) issued by the IRS in the name of the business.
2. Filed Application to Register a Limited Liability Partnership.
3. Limited Liability Partnership Agreement signed by all Partners.
4. DBA, Certificate of Assumed Name, or Fictitious Business Name Statement (FBNS) filed within the last 5 years (required ONLY if the LLP is using a DBA).
5. A completed CERTIFICATION OF BENEFICIAL OWNER(S).
6. A completed BUSINESS ACCOUNT QUESTIONNAIRE.

Limited Liability Company (LLC)

1. Employer Identification Number (EIN) issued by the IRS in the name of the business.
2. Filed Articles of Organization.
3. DBA, Certificate of Assumed Name, or Fictitious Business Name Statement (FBNS) filed within the last 5 years (required ONLY if the LLC is using a DBA).
4. Operating Agreement of the LLC signed and dated by the Manager(s)/Member(s). (If available) 
5. A completed CERTIFICATION OF BENEFICIAL OWNER(S).
6. A completed BUSINESS ACCOUNT QUESTIONNAIRE.

We do not accept LLC established in another state or country.

Corporation

1. Employer Identification Number (EIN) issued by the IRS in the name of the business.
2. Filed Articles of Incorporation.
3. DBA, Certificate of Assumed Name, or Fictitious Business Name Statement (FBNS) filed within the last 5 years (required ONLY if the Corporation is using a DBA).
4. By-Laws of the Corporation signed and dated by the Secretary or Corporate Resolution indicating who can transact on behalf of the corporation.
5. A completed CERTIFICATION OF BENEFICIAL OWNER(S).
6. A completed BUSINESS ACCOUNT QUESTIONNAIRE.

We do not accept corporations established in another state or county.