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Open an Account


Commercial Account Applications are for:

  • Corporations
  • Limited Liability Corporations
  • Partnerships  (limited or general)
  • Limited Liability Partnerships
  • Non-profits

Apply via Mail

Click "Mail-In Application" above, print out and complete the new account application, and mail it in with your initial deposit.


You can enter the information online before printing the form for convenience (there is no security risk in doing this, and you can not submit this form online).


New accounts can be funded from a check drawn on the business or by transferring funds from an existing Presidential business account in the same name.


Minimum Requirements

  • New business account applications are currently only accepted for businesses operating in MD, DC and VA. If you are a business with active accounts at Presidential, you may also apply for new accounts using this form.
  • All businesses must be registered with the state in which they operate.
  • Articles of the organization (i.e. Articles of Incorporation, Partnership Agreement, etc.)
  • Company resolution (verifying authorized signers)
  • EIN verification (i.e. EIN Registration approval letter, previous year's tax filings)
  • Certification of Beneficial Ownership
  • Other documents may be required.

For Assistance, Call Our New Accounts Hotline 1-800-799-1424

(8 AM - 10 PM Eastern Time Monday - Friday)


USA Patriot Act

Section 326 requires Financial Institutions to verify the identity of account holders to prevent the use of the U.S. banking system in terrorist and other illegal activity.

Important Notice about Procedures for Opening a New Account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

In some cases, identification for existing customers may be requested so the bank can ensure that it knows the true identity of our customers.

Beginning May 11, 2018, new federal regulations require all banks to ask business customers who are opening an account for the identifying information (name, address, date of birth, social security number) of the business’ “beneficial owners". The rule defines a beneficial owner as:

  • Each individual that owns 25 percent or more of the company; and
  • One individual that has the authority to exercise control of the business (such as a CEO, executive officer or treasurer)

This information is required under the Bank Secrecy Act and is intended to assist the government and law enforcement in the ongoing fight against money laundering and the financing of terrorism.

Last Modifications: 5/10/2018 11:52:19 AM