Bank Account Opening Resolution / Signatory Template

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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