• A business checking account is a type of bank account designed specifically for businesses to manage their daily financial transactions and cash flow while keeping their financial transactions organized and separate from personal accounts. 

• A Business Checking Account is primarily used for day-to-day operations, such as paying bills, managing payroll, and receiving customer payments. Business Checking accounts allow you to make deposits and withdrawals, and offer a number of ways to easily access your funds such as checks and debit card capabilities. Deposits can be made using cash, electronic fund transfers (EFT), ACH, and wire transfers.
• A Business Savings account is meant to hold funds for linger-term savings or reserves, such as for emergencies or future investments. Business Savings Accounts can also help you earn interest on your money where your funds grown over time.

You can open a business checking account in less than 10 minutes. Select the business checking options that meets your business needs and open your checking account online or schedule an appointment with your local branch for in-person support. If you open an account online you’ll need:

• Personal Identification:
  •  All applicants must bring two (2) primary forms of identification OR one (1) primary and two (2) secondary forms of ID:
  • Primary ID: Driver’s license, passport, state-issued or authorized city-issued ID, resident alien ID, military ID, veteran’s healthcare ID, firearm ID or global entry card
  • Secondary ID: US Visa, paystub, home rental agreement, utility bill, major credit/debit card or vehicle registration

• Owner/Signer Information- All applicants are subject to review of past account handling and verification of the information provided
  • Full legal name
  • Address
  • Date of Birth
  • Country(ies) of citizenship
  • Country of residence
  • % of ownership (only for owners)
  • Social Security

• Business Documentation - The following is a general list and does not apply to all business types:
  • Corporation (S Corp or C Corp)
  • Certificate/Articles of Incorporation
  • Sole Proprietor:
    • DBA or Business Certificate (in states where this applies)
  • LLC:
    • Limited Liability Agreement
    • Limited Liability Partnership
  • Non-Profit:
    • Articles of Incorporation
    • Articles of Association/Organization
  • Partnership:
    • General partnership
  • Unincorporated Associations:
    • Membership Agreements

• Your business’s Employer Identification Number (EIN) or tax ID number, or your Social Security number if you’re a sole proprietorship.
• Articles of Incorporation, Articles of Organization or a charter or similar legal document that indicates when your company was formed. (Not required for sole proprietors.)
• Social Security number for you and anyone else authorized to sign checks or make transactions on behalf of your company.
• Name, email address and phone number for any additional owners with 25% or more ownership in the company.
• Learn more about application requirements on your business structure

M&T Bank is proud to serve our business clients through our local network of over 700 branches and 1,800 ATMs across the Northeast. To find your local branch, visit our Branch & ATM page.

We can also help you reach your goals, when you schedule a meeting with a banker to help you plan for today and in the future.

And as always, we have the tools and solutions that allow you to bank on your schedule with Online & Mobile Banking for Business.

New small business checking account customers can enjoy one promotional standard check order at no cost, valued at $150, on their first check orders only.

If you need to order new checks, the fastest way to reorder checks for your business account is directly through our check printer, Deluxe Corporation. Call 1-800-328-0304 to order by phone or Order Now.¹⁸ 

You can also stop by your local M&T branch, and a Relationship Manager can assist you with check reordering.