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Bank Account Opening Resolution / Authorized Signatory Resolution Template
Formally authorize a business bank account and designate authorized signers with this Bank Account Opening Resolution Template.
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Bank Account Opening Resolution / Authorized Signatory Resolution Template
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Bank Account Opening Resolution / Authorized Signatory Resolution Template
Entity Name: [Company/LLC/Nonprofit Name]
Entity Type: ☐ Corporation ☐ LLC ☐ Nonprofit ☐ Partnership ☐ Other: [Type]
State/Country of Formation: [State/Country]
Principal Address: [Address]
Date of Resolution: [Date]
Meeting Location: ☐ [Address] ☐ Virtual Meeting
1. Authority and Meeting
1.1 A meeting of the ☐ Board of Directors ☐ Members ☐ Partners of [Entity Name] (the “Entity”) was duly called and held on the date above in accordance with the Entity’s governing documents.
1.2 Quorum: ☐ Present ☐ Not required (written consent).
2. Bank Account Authorization
2.1 The Entity is authorized to open and maintain account(s) with:
Bank Name: [Bank Name]
Bank Address (Optional): [Address]
Account Type(s): ☐ Checking ☐ Savings ☐ Money Market ☐ Merchant Services ☐ Other: [Type]
2.2 The authorized representative(s) of the Entity may complete all documents required by the Bank to open and maintain the account(s).
3. Authorized Signers
3.1 The following individuals are authorized to sign on the Entity’s bank account(s) and conduct banking transactions as permitted below:
Authorized Signer #1: [Name], [Title]
Authorized Signer #2: [Name], [Title]
Authorized Signer #3 (Optional): [Name], [Title]
3.2 Transaction Authority (Select All That Apply):
☐ Sign checks and drafts
☐ Make deposits and withdrawals
☐ Initiate ACH/wire transfers
☐ Endorse checks payable to the Entity
☐ Obtain account statements and records
☐ Open additional accounts (if approved)
☐ Close accounts (if approved)
☐ Apply for online banking access
☐ Other: [List]
3.3 Signing Limits (Optional):
☐ No limits
☐ Limits apply as follows:
Up to $[Amount] per transaction: any one signer
Above $[Amount]: two authorized signers required
4. Banking Resolutions and Certifications
4.1 The Entity authorizes the Bank to rely on this Resolution until it receives written notice of revocation or replacement.
4.2 The undersigned certifies that this Resolution is in full force and effect and has not been amended or rescinded.
5. Adoption
5.1 This Resolution was adopted on the date stated above by:
☐ Unanimous vote ☐ Majority vote ☐ Written consent
Signatures
Certifying Officer/Secretary: [Name]
Title: [Title]
Date: [Date]
Signature: ___________________________
Chairperson/Authorized Officer (Optional): [Name]
Title: [Title]
Date: [Date]
Signature: ___________________________
Witnesses (If Required)
Witness Name: [Name]
Date: [Date]
Signature: ___________________________
Notary / Notarization (Optional)
State of [State]
County of [County]
On [Date], before me, [Notary Name], personally appeared [Certifying Officer Name], known to me (or satisfactorily proven) to be the person whose name is subscribed to this Resolution, and acknowledged that they executed it for the purposes stated.
Notary Public Signature: _______________________
My Commission Expires: _______________________
Notary Seal (if applicable): ___________________
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Bank Account Opening Resolution / Authorized Signatory Resolution Template
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For quick answers, scroll below to see the FAQ.
Click below for detailed info on the template.
For quick answers, scroll below to see the FAQ.
BANK ACCOUNT OPENING RESOLUTION / AUTHORIZED SIGNATORY RESOLUTION TEMPLATE FAQ
What is a bank account opening resolution?
A Bank Account Opening Resolution is a formal document adopted by a company’s board of directors, LLC members, or other governing body authorizing the opening of a bank account. It confirms who has authority to open the account and conduct banking transactions on behalf of the organization.
What is an authorized signatory resolution?
An Authorized Signatory Resolution specifically lists the individuals who are approved to sign checks, authorize transfers, open/close accounts, and otherwise transact with the bank. Many banks require this resolution before they will open an account.
Who needs this resolution?
Corporations, LLCs, nonprofits, and other entities often need a bank resolution — especially when opening a new business account, adding signers, or changing banking authority. Some banks require it even for existing accounts when signatories change.
What should be included?
Include: entity name, meeting date, bank name, account type, list of authorized signers, signing limits (optional), and a certification by the secretary or authorized officer. This template includes optional limits and banking permissions.
Does it need to be notarized?
Usually not, but banks may have their own procedures and may request notarization. This template includes optional notarization and witness sections if needed.
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