Information Needed to Open a Fox Business Account

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who owns 25% or more equity in an entity. This information is also required for an individual with significant responsibility to control, manage or direct the organization. What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We will also ask to see your driver’s license or other identifying documents.

1. Proof of Business: (One of the following)
   • Articles of Organization (Limited Liability Company)
   • Articles of Incorporation (Corporation)
   • Articles of Association (Non-Profit)
   • Partnership Agreement (Partnership)
2. Tax Identification Number (TIN) from IRS
3. Individual Information
   • Beneficial Owner(s) (25% ownership or more)
     AND
   • Any individual with significant responsibility to control, manage or direct the organization
     • Date of Birth
     • Current Address
     • Citizenship Status
     • Social Security Number
     • Valid Driver’s License
4. Business to be registered and current with the Department of Financial Institutions except for the following:
   • General Partnerships
   • Sole Proprietor