Switching Your Business to Shore United Bank

Switch Your Business Accounts in 4 Simple Steps

1. Open Your New Business Account (s)

• We’re happy to help you open a business account at any of our convenient locations.  A list of the documents we will need at account opening is outlined below.
• Once your new account is open, you can stop using your previous account.  You’ll want to stop writing checks, using debit cards, initiating ACH batches, and depositing checks into your old account.
  
  

2. Update Automatic Transactions

• Transfer all automatic deposits, transfers, payments, and merchant services transactions to your new account. Use the Switch to Shore United Bank Worksheet to help you manage this process.
• You may be able to make some of these changes online or by phone.  We can provide a pre-filled Direct Deposit/Account Payment Verification Form for any automatic transactions requiring account verification.  
   

3. Enroll in Online Banking and Set Up Commercial Services

• Once your account is open, enroll in Online Banking Business Enrollment and sign up for ACH Origination, Positive Pay, and our Wire Module, as needed.
• Set up sub-users, permissions, and controls.
  
  

4. Close Your Former Accounts

• Make certain to keep enough money in your old account for any outstanding checks and automatic payments to clear your old account.
• When all activity has cleared, notify the old bank that you would like to close the account(s).
  
  

What You’ll Need to Open a Business Account

In compliance with the USA PATRIOT Act and to help our government fight the funding of terrorism and money laundering activities, Federal law now requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. 

Please have the following information available:

For each owner, signer & beneficial owner, we will need:

• Name – First, Last and Middle initial
• Street Address
• Mailing Address
• Date of Birth
• Social Security Number or Tax Identification Number
• Phone Number(s)
• Email Address
• Employer
• Identification: Driver’s License, State-Issued ID Card, Military ID Card, Passport, Alien ID Card, or Green Card

 

To verify the business from all businesses, we will need:

• Business Name
• Employer Identification Number (EIN)
• Physical & Mailing Addresses
• Email Address

Corporations & LLCs

• State-filed formation document (Articles of Incorporation, Articles of Organization, etc.)
• Documentation showing who can sign on the account (Corporate Resolution, Operating Agreement, or meeting minutes, if not listed in formation documents)

 

Partnerships

• State-filed partnership documents (Partnership Agreement or certified state filing)
• Two forms of valid ID for each partner

 

Unincorporated Organization

• Organizing documents (Articles of Association, bylaws, etc.)

 

Please note, additional documentation may be required depending on the business type.

 

Stay Organized with Your Switch Kit Worksheet

Your Business Switch Kit includes a fillable, auto‑expanding worksheet to help you track:

• Outstanding checks
• Automated payments
• Merchant services
• Contact dates and completion status

This ensures your business stays on track and avoids disruptions during your transition.