Opening a business checking account with RMO requires a few additional documents compared to a personal account. Here is what to expect.
Required Documents:
- Employer Identification Number (EIN) from the IRS (or SSN for sole proprietors without an EIN)
- Business formation documents (Articles of Incorporation, Operating Agreement, Partnership Agreement, or DBA filing)
- Valid government-issued photo ID for each owner with 25% or more ownership
- Business license or registration (if applicable in your state)
How to Apply:
Business checking accounts are opened by appointment to ensure all documentation is reviewed properly and your account is configured correctly for your business needs.
- Schedule an appointment through MyRMO or by calling us.
- Gather the required documents listed above.
- Meet with an Expert who will walk you through the account options (BizStart, BizGrow, BizExpand, or BizEnterprise) and help you select the right fit.
- Fund your account with the initial deposit (varies by tier).
Once your account is open, you will receive your business debit card and full access to MyRMO business tools, including payroll integrations, multi-user access, and payment management.