Bank Like a Boss. Be Your Own Boss.
Great Basin Federal Credit Union offers Sole Proprietor Business Accounts to help you start-up your startup.
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Monthly Service Charge: $12.00
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Refer to our fee schedule for other fees that may apply to your account.
What You Need To Know
Get Started
Here’s what you need to know:
- Membership is open to sole proprietor businesses in select counties in Northern Nevada or Treasure Valley, Idaho.
- New sole proprietor business accounts can be opened through our online account application.
- Because we want to make sure we offer you the time and attention you deserve, we will take new account walk-ins until 4:30 (M-F); scheduled appointments encouraged.
- We will require that each signer’s info passes through ChexSystems, a consumer-reporting agency that aids financial institutions in identifying applicants who may have a history of account abuse. If you want to learn more or dispute an inaccurate report, you can contact ChexSystems anytime.
Here’s what you’ll need:
- $25 opening deposit for your savings account; this is the business entity’s share of ownership in the credit union
- Social Security Number for individual owning the sole proprietor business OR evidence of Tax ID# or EIN (if employing others).
- Valid Form of ID:
- Government issued passport
- State issued driver’s license (we cannot accept the DMV interim document as valid ID)
- State issued non-driver identification card
- Military identification.
- Fictitious Filing Certificate (if applicable)
- Nevada or Idaho Business License (sole proprietor businesses only)
- Current Physical Address
If your ID does not list your current physical address or lists a PO Box, please also provide one of the following that does show your current physical address:
- Utility bill (power, landline phone, water, etc.)
- Real property tax bill
- Car registration
- Lease or rental agreement for new address
Note: Please feel free to submit your business documents for review prior to your appointment to help ensure a smooth process at account opening.
Fees as of 12/1/16, updated 2/6/17. ALL FEES ARE SUBJECT TO CHANGE.
Great Basin does not currently offer two-signature verification or account sweeps. We do NOT offer account options for LLCs or non-profits.
Sole proprietor businesses located in select counties in Northern Nevada or Treasure Valley, Idaho are eligible for membership. Must maintain a minimum $25 in the Primary Savings Account for the life of the account. This is the business entity’s share of ownership in the credit union.