Community Checking

Opening a Truist Community Checking account is easy.

1. Click “Open now” to start your application or schedule an appointment with a Truist small business specialist.
2. Have your nonprofit’s formation documents at time of application (e.g., Articles of Incorporation).
3. Provide an EIN and a resolution naming authorized signer.
4. Make a minimum opening deposit of $100.

Yes. Nonprofit accounts like Truist’s Community Checking must be used strictly for the organizations purpose and never for personal use. Only authorized signers may access the account. Following the 225 free monthly transactions, additional transactions may incur fees. It’s also important to maintain documentation that supports your account activity such as bylaws and meeting minutes. Schedule an appointment to meet with a Truist business specialist. to learn more about the account guidelines for a Truist Community Checking account.

Generally, you’ll need to provide information about yourself, your business, and any related documentation. This includes:

• Business information, including tax ID and NAICS information
• Nonprofit’s formation documents (e.g. Articles of Incorporation)
• Estimated annual revenue
• State and date established
• Personal and contact information, including your Social Security Number
• 2 years of address history
• Employment and income information

See this checklist for other forms of information that may be needed. A $100 minimum opening deposit is required.

The North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy. This code is determined by the industry type of your business. You’ll need this code to apply, but you can search for it by entering your industry description while you’re applying. 

Not always. If you're a sole proprietor, you can open a Truist business checking account using your Social Security number instead of an Employer Identification Number (EIN). However, if your business is a corporation, partnership, or LLC, an EIN is generally required. 

If you plan to designate additional parties as beneficial owner, authorized signer or controlling party, you’ll need to add those persons to your application.

To add a new signer, contact your local Truist branch or small business specialist. You’ll need to submit updated authorization documents (such as meeting minutes or a board resolution) and provide identification for the new signer. Once approved, the signer will have full access to features like online banking and debit cards. For more support, schedule an appointment to meet with a Truist business specialist. to meet virtually or at a branch with a small business banking consultant.