Individuals That Need to Be Present at Account Opening:

All General Partners must be present to open the account.

  • If one of the General Partners is another business, an authorizing representative of that business must be present.
  • If you would like to add authorized signers to the account, they must also be present.

Information Required to Open Account

Personal Identification – Two forms of ID are required. One must be a government-issued ID.

  • Primary ID Examples:
  • U.S. citizens: State-issued driver's license, state-issued ID card, passport, or military or government ID
  • Non-U.S. citizens: Permanent residents must provide their Permanent Resident Card (Green Card). Non-U.S. citizens who do not have a Permanent Resident Card must provide their passport or government-issued visa.
  • Secondary ID examples: Employer ID, utility bill, Social Security Card, student ID, Medicaid/Medicare card, etc.

Taxpayer Identification Number – An Employer Identification Number (EIN) is required.

Business Documentation

  • General Partnerships:
  • Written Partnership Agreement
  • Joint Venture Agreement
  • Amendments to Partnership Agreement or Joint Venture Agreement
  • Limited Partnerships, Limited Liability Partnerships, and Limited Liability Limited Partnerships
  • Partnership Agreement
  • Amendments to Partnership Agreement
  • Partnership Banking Resolution
  • If your business is organized in another state, but operates in the State of Mississippi, documentation from both states will be required.
    • Business documentation from the state the business is organized in, and
    • Certificate of Authority from the Mississippi Secretary of State.

Fictitious Name Certificate – may be required if your business is operating with a DBA (doing business as). For example: Jim Jones DBA Jones Professional Painting. Although DBA/fictitious names are not required to be filed in the State of Mississippi, it is highly recommended that a business do so. The filing will verify that no other business is currently utilizing the DBA/fictitious name, and it will register your business's use of the name.

Owners/Limited Partners With 25% or More Ownership

Limited Liability Partnerships, Limited Liability Limited Partnerships, and Limited Partnerships only:

  • Full name as it appears on limited partners' government-issued ID
  • Legal business name and tax ID number – used only when an owner of the Partnership is another entity/trust.
  • Residential address – business address required only if owner is a business entity
  • Percentage of ownership

Individuals Holding Key Roles in the Partnership

Including Senior Managers, Board of Directors, or anyone else that has influence over the company.

  • Full name as it appears on government-issued ID
  • Residential address

Additional Information That Will Be Requested at Account Opening

  • Business address
  • Phone number
  • Number of business locations
  • Locations where products and services are sold
  • Nature of your business
  • Annual sales
  • Number of employees
  • Types of transactions and volumes you expect to process through the new account