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Business Accounts

Sole Proprietor Business Accounts

Great Basin Federal Credit Union offers a simple account option for Sole Proprietor businesses.

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Account Fees

Monthly Service Charge:

$12.00

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.


To open a sole proprietor business account, you’ll need:

  1. $25 opening deposit for your savings account; this is the business entity’s share of ownership in the credit union.
  2. Social Security Number for individual owning the sole proprietor business OR evidence of Tax ID# or EIN (if employing others)
  3. 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
  4. Fictitious Filing Certificate (if applicable)
  5. Nevada Business License (sole proprietor businesses only)
  6. 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
    • 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.

Business Account Questions? We’d be happy to call you.


fineprint

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.

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