- No minimum balance
- Up to 500 FREE items per statement cycle
- Up to $10,000 per statement cycle FREE in coin and currency deposits or withdrawals, including change orders
- Excess item fee $0.50 per item over 500
- Excess cash fee of 0.12% for cash over $10,000
- Eligible for earnings credit from deposit balances which may offset monthly service charge
- Standard fees include: $10 Monthly maintenance fee, 0.012% deposit protection assessment fee (on monthly avg collected balance per acct up to $250,000) plus account activity fees; $0.10 per debit, $0.25 per credit, $0.10 deposited items, cash and loose coin $0.10 per $100, rolled coin $0.05 per roll
- Business Online Banking with customized Treasury Management Solutions available
- Other fees may apply as additional services are selected
Items include all debits, credits, and deposited items. If the account exceeds the free items per statement cycle, $10,000 in coin and currency deposits or withdrawals per statement cycle, including change orders, or requires additional regulatory oversight, the Totally Free Business account may be changed to Simply Business Checking and Simply Business Checking may be changed to Commercial Checking both of which include additional fees.
Unless specified otherwise, customer purchases checks. Other fees such as overdraft, continuous overdraft, etc. may apply. See
fee schedule for details. $25 for checks and debit cards from another financial institution. Your account will be credited at the time checks/debit cards are presented. Free gift provided at the time of account opening. Ask us for details. Bank rules and regulations apply.
To help in opening your new business accounts, we may request the following:
This list is not all-inclusive, and additional documentation may be required at the bank's discretion.
General Standard (All Entity Types)
- Customer-provided governing documents are required to validate authority.
- Colorado Secretary of State records will be used for existence verification only and will not be relied upon to validate ownership, control, or signing authority.
- Documentation must be current, complete, and consistent with the Account Structure and Beneficial Ownership information.
| Sole Proprietor/DBA |
Limited Liability Corp (LLC) |
Partnership |
- Colorado Secretary of State Certificate of Trade Name
- Colorado Secretary of State Certificate of Good Standing
- EIN verification (IRS Assignment Letter/SS-4 or 147C)1
|
- Articles of Organization
- Colorado Secretary of State Certificate of Good Standing
- Statement of Trade Name (if applicable)
- EIN verification (IRS Assignment Letter/SS-4 or 147C)1
- Operating Agreement1
|
- Partnership Secretary of State Registration
- Colorado Secretary of State Certificate of Good Standing
- Statement of Trade Name (if applicable)
- EIN verification (IRS Assignment Letter/SS-4 or 147C)1
- Partnership Agreement or Joint Venture Agreement
|
| Not-For-Profit Organization |
Corporation
|
Business Trust
|
- Colorado Secretary of State Registration
- Colorado Secretary of State Certificate of Good Standing
- Statement of Trade Name (if applicable)
- EIN verification (IRS Assignment Letter/SS-4 or 147C)1
- Bylaws, Charter Documentation or Governing Documents
- Board Authorization or Meeting Minutes2
|
- Articles of Incorporation
- Colorado Secretary of State Certificate of Good Standing
- Statement of Trade Name (if applicable)
- EIN verification (IRS Assignment Letter/SS-4 or 147C)1
- Bylaws
- Board Authorization2
|
- Colorado Secretary of State Registration
- Colorado Secretary of State Certificate of Good Standing
- Statement of Trade Name (if applicable)
- EIN verification (IRS Assignment Letter/SS-4 or 147C)
- Trust Agreement or Certificate of Trust
|
1EIN verification must be provided using an IRS letter or a recent tax return. EIN documentation is not required
for Sole Proprietorships or Single Member LLCs reporting under an individual’s social security number.
Operating Agreements are not required for Single Member LLCs when EIN documentation identifies a sole
member, or the entity reports under an individual’s social security number.
2Authorization documents (Board resolution, meeting minutes, etc.) must include the name of the entity and
the first and last name and title of the people designated to be the authorized signers on the account.
Proudly serving the Colorado communities of Cañon City, Colorado City, Craig, Durango, Florence, Grand Junction, Meeker, Oak Creek, Pagosa Springs, Pueblo, Pueblo West, Rangely.
