Open a Business Account

Gather the required documents and follow a streamlined process to open your account.

Build your business relationship with WESTconsin

Open an account with as little as $5

Enjoy minimal fees

Take advantage of better rates on loans and deposit accounts

At WESTconsin Credit Union, we're proud to be your partner in business. Join business owners from all parts of Wisconsin and Minnesota who rely on us to help drive their companies forward. Please contact us with questions and to schedule your appointment. We look forward to serving you!

What You Need to Open a Business Account

We strive to provide top service to our business members. We comply with State and Federal regulators to make sure your account is properly set up. When we open up a new Business Account, all owners, regardless of ownership percentage, are required to be present at account opening to certify the businesses legitimacy and authorize the account to be opened at WESTconsin. Furthermore, when we open up a new Business Account, make changes or add a service to an existing Business Account, we are required to verify the identification of all owners who own 25% or more of the business. We also need to verify this information on an individual who has significant responsibility for managing the business. Required documents are listed below. These documents must be presented at time of account opening or when adding a new service to an existing account.

Sole Proprietor, no hired employees

Sole Proprietor, with one or more employees

General Partnership

Limited Partnership (LP)

Limited Liability Partnership (LLP)

Limited Liability Company (LLC)

Corporation

Unincorporated Organization

Wisconsin Non-Stock Corporation

Minnesota Non-Profit Corporation

Additional Requirements

The following information is required for all individuals who own 25% or more of the business and an individual with significant responsibility for managing the business such as CEO, CFO, Office Manager, Treasurer, Secretary, etc. Please obtain Beneficial Ownership information so we can promptly serve you.

Name
Address
Social Security Number
Date of Birth
Copy of Driver’s License or Passport

Business Document Resources

Wisconsin residents: Wisconsin Department of Financial Institutions

Minnesota residents: Office of the Minnesota Secretary of State

Employer Identification Number (EIN): Internal Revenue Service

Helpful Resources

Business Connect Support

Get online banking tutorials and instructional guides.

Find an Office

Locate a WESTconsin office near you.

Read Our Financial Articles

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Money Management Tips Every Small Business Owner Should Know

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