Sole Proprietor Business Accounts
Great Basin Federal Credit Union offers a simple account option for Sole Proprietor businesses.
Monthly Service Charge:
Refer to our fee schedule for other fees that may apply to your account.
Opening Your Sole Proprietor Business Account
Membership is open to sole proprietor businesses in Washoe County, Nevada.
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.
Feel free to take a look at the new account disclosures ahead of time.
To open a sole proprietor business account, 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 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 bring one of the following that does show your current physical address:
Utility bill (power, landline phone, water, etc.)
Real property tax bill
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.
Business Account Questions? We’d be happy to call you.
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 Washoe County 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.