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Business Checking FAQs

1. What is the best checking account choice for my business?
2. How do I open a Shinhan Bank America business checking account?
3. What is the minimum opening deposit amount to open a business checking account?
4. How do I change my account information on my existing account?
5. What documentation is required to open a business account?
6. How do I check my balance by phone?
7. How do I close my account?
8. Do you require a minimum balance to avoid a monthly service charge?
9. What is my routing number?


1. What is the best checking account choice for my business?

View our Products page to find out the best business checking account choice for you.

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2. How do I open a Shinhan Bank America business checking account?

You can visit our Branch Office, and a Representative will gladly assist you. 

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3. What is the minimum opening deposit amount to open a business checking account?

You can open our Free Business Checking account with the minimum opening deposit of $500. For other business checking details, refer to our Products page.

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4. How do I change my account information on my existing account?

To change your account information including address and phone number, please visit our Branch Office, and a Representative will assist you with the proper forms to complete.

To change your business name on accounts, you are required to bring a revised copy of fictitious business name statement (sole proprietorship) or articles of incorporation (corporation).

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5. What documentation is required to open a business account?

It may depend on your business type. You may refer to the following chart:

Business Type

New York / New Jersey

California

 1. Sole □ Business Certificate □ Fictitious Business Name Statement
     Proprietorship □ Copy of SS-4 or Proof of Tax ID No. (Optional) □  Business License or Seller's Permit
    □ Copy of SS-4 or Proof of Tax ID No. (Optional)
 2. Corporation □  Filing Receipt (New York Only) □  Articles of Incorporation
  □ Certificate of Corp.  
(Article of Incorporation)
□  Domestic Stock Corporation
        (New Jersey : with validated stamp) □  If DBA, Fictitious Business Name Statement
  □ If DBA, Filing Receipt for Assumed Name □ Copy of SS-4 or Proof of Tax ID No. (Optional)
       and Certificate of Assumed Name
  □ Copy of SS-4 or Proof of Tax ID No. (Optional)  
 3. Limited □ Filing Receipt (New York Only) □  Articles of Organization (LLC-1)
     Liability Company □ Certificate of LLC □  LLC Statement of Information (LLC-12)
     (LLC)       (New Jersey : with validated stamp) □  If DBA, Fictitious Business Name Statement
  □ If DBA, Filing Receipt for Assumed Name □ Copy of SS-4 or Proof of Tax ID No. (Optional)
       and Certificate of Assumed Name
  □ Copy of SS-4 or Proof of Tax ID No. (Optional)
 4. Partnership □ Certificate of Partnership □  Fictitious Business Name Statement
 (General /Limited/LLP) □  Partnership Agreement □  Business License or Seller's Permit
  □ Copy of SS-4 or Proof of Tax ID No. (Optional) □  LP-1 for Limited Partnership / LLP-1 for LLP
    □  Partnership Agreement (for Limited & LLP)
    □ Copy of SS-4 or Proof of Tax ID No. (Optional)
 5. Trust □ Trust Agreement □ Trust Agreement
    Specify: □ Copy of SS-4 or Proof of Tax ID No. (Optional) □ Copy of SS-4 or Proof of Tax ID No. (Optional)


Signer(s) of the account must be present with personal identification

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6. How do I check my balance by phone?

You can access your accounts 24 hours a day, 7 days a week by calling our Phone Banking Center at (212) 684-6730 (NY) / (213) 386-6333.

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7. How do I close my account?

To close your account, please visit Nearest Branch Office for assistance.

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8. Do you require a minimum balance to avoid a monthly service charge?

You can enjoy our Free Business Checking account with no monthly fee. For complete business checking account choices, please visit our Business Banking Choices.

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9. What is my routing number?

The sample check image below shows where ABA check routing number can be found on your checks.

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