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Business Checking

At large banks, just selecting an account can be a complex decision. At DCFCU, we keep it simple. We offer just two business checking accounts, making it easy to choose the right account to meet the growing needs of your business.

To see which checking account is right for you, download our Business Checking Options flyer.

What you need to open a Downriver Business Account:

There are various requirements to open a Downriver Business Account, depending on the type of business organization you have filed. If you have any questions, please contact Business Services at (313) 386-2200 x 1202. Below are the types of businesses we service:

Sole Proprietorship

  1. Social Security Number (SSN) of the owner of the business OR
  2. Employer Identification Number (EIN) issued by the IRS in the name of the business or in the name of the owner.
  3. DBA, Certificate of Assumed Name, or Fictitious Business Name Statement (FBNS) filed within the last 5 years (if applicable). (The FBNS is not required when the owner’s surname/last name is used in the business name, such as Johnson’s Tax Accounting, or O’Donnell’s Home Improvements. However, if the business name implies other business owners, i.e. Smith & Sons, Anderson & Company, or Jones and Associates, etc., then a DBA or FBNS is required.)
  4. A completed CERTIFICATION OF BENEFICIAL OWNER(S).

General Partnership

  1. Employer Identification Number (EIN) issued by the IRS in the name of the business.
  2. General Partnership Agreement signed by all Partners, OR
  3. DBA, Certificate of Assumed Name, or Fictitious Business Name Statement, filed within the last 5 years.
  4. A completed CERTIFICATION OF BENEFICIAL OWNER(S).

Limited Partnership (LP)

  1. Employer Identification Number (EIN) issued by the IRS in the name of the business.
  2. Filed Certificate of Limited Partnership.
  3. Limited Partnership Agreement signed by all Partners.
  4. DBA, Certificate of Assumed Name, or Fictitious Business Name Statement (FBNS) filed within the last 5 years (required ONLY if the LP is using a DBA).
  5. A completed CERTIFICATION OF BENEFICIAL OWNER(S).

Limited Liability Partnership (LLP)

  1. Employer Identification Number (EIN) issued by the IRS in the name of the business.
  2. Filed Application to Register a Limited Liability Partnership.
  3. Limited Liability Partnership Agreement signed by all Partners.
  4. DBA, Certificate of Assumed Name, or Fictitious Business Name Statement (FBNS) filed within the last 5 years (required ONLY if the LLP is using a DBA).
  5. A completed CERTIFICATION OF BENEFICIAL OWNER(S).

Limited Liability Company (LLC)

  1. Employer Identification Number (EIN) issued by the IRS in the name of the business.
  2. Filed Articles of Organization.
  3. DBA, Certificate of Assumed Name, or Fictitious Business Name Statement (FBNS) filed within the last 5 years (required ONLY if the LLC is using a DBA).
  4. Operating Agreement of the LLC signed and dated by the Manager(s)/Member(s). (If available) 
  5. A completed CERTIFICATION OF BENEFICIAL OWNER(S).

We do not accept LLC established in another state or country.​​​​​​


Corporation

  1. Employer Identification Number (EIN) issued by the IRS in the name of the business.
  2. Filed Articles of Incorporation.
  3. DBA, Certificate of Assumed Name, or Fictitious Business Name Statement (FBNS) filed within the last 5 years (required ONLY if the Corporation is using a DBA).
  4. By-Laws of the Corporation signed and dated by the Secretary or Corporate Resolution indicating who can transact on behalf of the corporation.
  5. A completed CERTIFICATION OF BENEFICIAL OWNER(S).

We do not accept corporations established in another state or county.

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