|Opening Balance Requirement||$2,500||$500||$100|
|Monthly Maintenance Charge||$20||$12||$7|
|Fee Waiver Requirements||$50,000 Average Daily Balance or $500,000 Total Relationship1||$15,000 Average Daily Balance or $250,000 Total Relationship1||Enroll in E-statements for a $2 Reduction|
|Discount on Remote Deposit Capture (RDC) Services||10%||5%||-|
|Discount on ACH Payroll Processing Service||10%||5%||-|
|Free Education Seminars to Employees||✓||✓||-|
1Total relationship is based on same tax identification number, outstanding loan balances, and total average deposit balances.
Because businesses can be structured different ways, the documentation we will need to open your account will depend on your account type. In addition to the documents listed below, every account will require information on all authorized signers and beneficial owners.
For all authorized signers as well as any owner of the business where the percentage owned is 25% or more, we will require a valid photo ID, SSN, phone number, and email address.
To get started, here is a list of the documents you will need to open your account:
Social Security or EIN Number
Sole Proprietorship Resolution of Authority
Assumed Name Certificate (if applicable)
Limited Liability Company (LLC)
EIN Number (SSN acceptable for one-person LLC)
LLC Authorization Resolution
Articles Stamped "Filed'" or Certificate of Existence
Operating Agreement (States who is authorized to open the account)
Corporate Accounts: Non-Profit, For-Profit, Government Entity
Certified copy of Articles of Incorporation or Certificate of Existence
Certificate of Good Standing, address and date of birth on all authorized signers
Club or Civic Organization
Resolution of Lodge, Association, or other similar organization
Bylaws or similar document outlining the purpose of the organization
Our account representatives are here to guide you through the account opening process and are available to answer any questions you may have.
During account opening we will complete a Business Resolution which will allow certain signers or owners to make account changes. If a change is needed simply reach out to your dedicated Osgood Banker and they will start the process of removing or adding signers and updating your records with us immediately.
If you recognize unauthorized charges during business hours, please call us at 419.582.2681.
For after hours support please call:
Osgood Bank Debit Card: 800.500.1044
Osgood Bank Credit Card: 800.367.7576
A business account helps to separate personal assets from those of your business. With a business account, you will deposit payments made to your company and pay business expenses out of the business account(s).
Separate accounts and record-keeping makes it easier for taxes and may protect your personal assets if a lawsuit should ever occur.