Board Resolution Format for Opening Bank Account

UNANIMOUS WRITTEN RESOLUTION OF THE BOARD OF DIRECTORS

OF [COMPANY LEGAL NAME]

DOCUMENT CONTROL & METADATA

• Effective Date: [DD Month, YYYY]
• Document Version: 1.0 (Production)
• Governing Jurisdiction: State/Country of [State/Country]
• Corporate Entity Type: [e.g., Corporation / Limited Liability Company]

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1. LEGAL NOTICE & DISCLAIMER

DISCLAIMER: This document template is provided for informational and operational facilitation purposes only and does not constitute formal legal or financial advice. Corporate governance requirements vary significantly by jurisdiction, organizational structure, and internal governing documents (Articles of Incorporation, Bylaws, or Operating Agreements). Legal counsel and the designated banking institution should review this instrument prior to execution to ensure absolute compliance with applicable local, state, and federal laws.

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2. PARTIES & DEFINITIONS

• "Company": [Company Legal Name], a [State/Country] [Entity Type], with its principal place of business located at [Physical Street Address].
• "Board": The duly elected or appointed Board of Directors (or Managing Members) of the Company.
• "Director": An individual serving on the Board of the Company.
• "Financial Institution": [Name of Bank or Financial Institution], including any of its affiliates, branches, or subsidiaries.
• "Authorized Persons": The specific corporate officers or designated agents empowered via Section 4 of this Resolution to manage corporate accounts and execute financial instruments.

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3. RECITALS & PRELIMINARY MATTERS

WHEREAS, the Board of Directors of the Company deems it to be in the best commercial and operational interests of the Company to establish one or more commercial bank accounts with the Financial Institution for the deposit of corporate funds, execution of financial transactions, and general treasury management;

NOW, THEREFORE, BE IT RESOLVED, that the Board hereby adopts the following operational resolutions unanimously, pursuant to the statutory authority governing the Company and its internal governance documents.

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4. OPERATIVE CLAUSES & AUTHORIZED TERMS

1. Establishment of Account(s)

The Board hereby authorizes the establishment of one or more checking, savings, sweep, or other commercial accounts with the Financial Institution in the name of the Company (the "Accounts").

2. Designation of Authorized Signatories and Representatives

The Financial Institution is designated, directed, and authorized to honor, receive, accept, and pay all checks, drafts, electronic fund transfers, wire instructions, or other orders for the payment of money drawn, signed, or electronically authenticated in the Company’s name, provided they bear the requisite signatures or digital authorizations of the following designated Authorized Persons:

3. Execution Thresholds and Limitations

• Single Signer Limit: Any single (1) Authorized Person listed above is authorized to execute transactions up to, but not exceeding, [$ Amount, e.g., $10,000.00].
• Dual Signer Requirement: Any transaction exceeding [$ Amount, e.g., $10,000.00] shall require the joint electronic or physical signature of at least two (2) Authorized Persons.
• Online Banking & Electronic Access: The Authorized Persons are empowered to execute online banking agreements, treasury management services, ACH origination agreements, and debit card issuances on behalf of the Company.

4. Reliance by the Financial Institution

The Financial Institution is entitled to rely fully upon this Resolution until such time as the Company delivers a certified, written notice of revocation or modification to the Financial Institution. Any such revocation or modification must be executed by the Corporate Secretary or presiding Director of the Company.

5. Indemnification of Financial Institution

The Company agrees to indemnify and hold harmless the Financial Institution, its directors, officers, employees, and agents from any claims, losses, liabilities, or expenses arising directly or indirectly out of the Financial Institution's reliance upon this Resolution, including the honoring of signatures or execution of instructions provided by the Authorized Persons designated herein.

6. Ratification of Prior Acts

Any and all acts taken by any Officer or Director of the Company prior to the date of this Resolution, in anticipation of or in connection with the opening of the Accounts or the execution of preliminary documentation with the Financial Institution, are hereby ratified, confirmed, and approved in all respects as the official acts and deeds of the Company.

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5. EXECUTION & SIGNATURES BLOCK

IN WITNESS WHEREOF, the undersigned, constituting all of the members of the Board of Directors (or Managing Members) of the Company, have executed this Unanimous Written Resolution as of the Effective Date set forth above, pursuant to the applicable corporate statutes and governing bylaws.

Director / Member 1:

• Signature: __________________________________________________
• Printed Name: [Director 1 Full Name]
• Title: [e.g., Director / Chairman of the Board]
• Date: [DD Month, YYYY]

Director / Member 2:

• Signature: __________________________________________________
• Printed Name: [Director 2 Full Name]
• Title: [e.g., Director / Chief Executive Officer]
• Date: [DD Month, YYYY]

Attestation by Corporate Secretary / Managing Officer:

I, the undersigned [Secretary / Manager] of the Company, hereby certify that the foregoing is a true, correct, and complete copy of the Resolution duly adopted by the Board of Directors in accordance with the Articles of Incorporation/Organization and Bylaws/Operating Agreement of the Company, and that said Resolution has not been modified, amended, or rescinded and remains in full force and effect.

• Secretary Signature: ________________________________________
• Printed Name: [Secretary Full Name]
• Title: Corporate Secretary
• Date: [DD Month, YYYY]

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6. STEP-BY-STEP EXECUTION & ENFORCEMENT GUIDE

1. Review Internal Bylaws: Verify against the Company's Bylaws or Operating Agreement to confirm whether a unanimous written consent is permissible without holding a formal physical meeting, or if a specific quorum/voting threshold must be documented.
2. Populate Placeholder Fields: Replace all bracketed text fields (e.g., [...]) with exact legal names, corporate titles, financial institution details, and monetary limits. Ensure zero typos in legal entity names.
3. Obtain Signatures: Secure physical or cryptographically secure digital signatures (e.g., DocuSign, Adobe Sign) from all required Directors, Managers, and the Corporate Secretary.
4. Corporate Seal Affixation: If required by the jurisdiction or banking institution, stamp the document with the official corporate seal in the execution block.
5. Bank Submission: Deliver a certified copy of this fully executed Resolution directly to the commercial banking representative or upload it via the Financial Institution’s secure onboarding portal alongside foundational formation documents (Articles of Incorporation, EIN letter, Good Standing certificate).
6. Archival & Compliance: File the original executed Resolution in the Company’s official Corporate Records Book (Minute Book) under "Financial Resolutions," ensuring accessibility for annual compliance audits or subsequent banking modifications.