Authorizing signers on your business account gives you the flexibility to delegate tasks and manage your business finances more efficiently. However, there may be times when you need to change a signer, such as if you hire a new employee.
The process for changing a signer on a business account and the documentation required will vary depending on the type of business entity. See an overview below of what is required and what you can expect:
Corporation or LLC - We will verify current officers or LLC managers on the latest public articles of incorporation. If there is more than one officer or manager listed, we will need 2 of the listed individuals to sign the resolution section of the Business Account Package.
Partnership - An updated partnership agreement is needed if the partners have changed. If the partners have not changed and you are adding an authorized signer that is not a partner, we will need the partners to sign the resolution section of the Business Account Package.
Unincorporated Organizations - A letter or minutes of a meeting stating the requested changes is required. This documentation should be signed by the current leaders of the organization and a current account signer.
Sole Proprietorship - The owner of the business must initiate the process of adding a new authorized signer to the account and sign the modified account document.
Please note: any new signer who is not already an existing customer on a deposit account, must also complete an ID Verification Form.
To start your request, please submit the request form below. Our team will reach out to you to walk you through the steps of changing a signer.