Documents required to open a business banking account with banks in Canada?

Question

Documents required to open a business banking account with banks in Canada?

Answer 1

It might help to check the website of the bank you are interested in dealing with, you may find the information there, or call the bank and see what they tell you. You may have to visit the branch as most banks in Canada seem to just have recorded info.

Answer 2

To open a small business account with TD Canada Trust you will need;

1. Legal documentation the confirms the existence of your business such as articles of incorporation, partnership agreement or business name registration.

2. Verification of the identification of the signing authorities on the account such as two pieces of original documentation for each person, full name and home mailing address, birth date, type of id and place of isuance and employment information/documentation.

3. Confirmation of third party usage (if applicable)

4. Identification of business owners

5. Nature of the business via writing a statment avout your business.

It's really easy if you have everything with you and it generally takes about  a half hour to open an account.

Good luck to you.

Answer 3

Yap the above answer is good normaly they need incorporation documents.