Will Chase / Bank of America / Wells Fargo require it?

Policies change and vary by branch and account type. Larger banks more often require a Certificate of Good Standing for entities beyond their first year or when credit is involved. Always confirm with the specific branch.

I just formed my LLC — do I need one?

Usually not for a basic account immediately after formation; your stamped Articles and EIN letter are typically enough. It becomes relevant later, especially when you apply for financing.

Do I Need a Certificate of Good Standing for a Business Bank Account?

Do I need a Certificate of Good Standing to open a business bank account?

Short answer

It depends on the bank. Many banks open a basic business checking account with just your formation documents (Articles) and EIN letter. Others — especially when the account is tied to a loan, line of credit, or merchant services — require a current Certificate of Good Standing, usually dated within 30 to 60 days.

There is no universal rule. Bank account-opening requirements vary by institution, account type, and entity age.

When banks usually do NOT require it

Opening a simple business checking or savings account for a recently formed LLC or corporation. Most banks accept the Articles of Organization/Incorporation plus the IRS EIN confirmation letter (CP-575) and the operating agreement or bylaws.

When banks usually DO require it

When the account is bundled with credit: a business line of credit, term loan, SBA loan, equipment financing, or commercial mortgage. When the entity is more than a year or two old (the bank wants proof you have stayed compliant). When you are switching banks and the new bank is doing fuller due diligence. When opening a merchant-services or higher-risk account.

The safe move

Call the bank and ask their business-banking team exactly what they require before your appointment. If a Certificate of Good Standing is on the list, order one dated within their window so you do not have to make a second trip.

Do I need a Certificate of Good Standing to open a business bank account?

When banks usually do NOT require it

When banks usually DO require it

The safe move

Quick answers

Need the certificate itself?