How Do You Deposit a Business Check?


Quick Answer

A business check can be deposited to the business's checking account at the bank's physical location or electronically, states Entrepreneur. Many banks offer check scanning machines to their business customers to allow remote deposits.

Continue Reading
How Do You Deposit a Business Check?
Credit: Image Source Digital Vision Getty Images

Full Answer

In order to accept checks payable to a business, the business owner must open a checking account in the business name. If a business owner uses a personal account for business finances, it may be difficult to deposit a check payable to the business. If the business owner wants to deposit a business check to his personal account, his bank may not allow the deposit at all or may require additional documentation to prove that the individual is the owner of the business, states the U.S. Small Business Administration.

In order to open a business account for a sole proprietorship, the company owner needs to provide the bank with the owner's Social Security number or the company's employer identification number, a business license that includes the business name and the owner's name, and the business name filing document issued by the state, the SBA reports. To open an account for a corporation, the business owner also needs to provide the articles of incorporation or certificate of incorporation. For a partnership bank account, the business owner needs to provide the partnership agreement and a document filed with the state certifying formation of the partnership. Corporations and partnerships both require a business tax identification number in order to open bank accounts.

Learn more about Bank Accounts
Related Videos

Related Questions