What kind of business accounts does MTEFCU open?
- Individual Doing-Business-As (DBAs)
- Sole Proprietorship
We do not currently open accounts for Partnership DBAs, Limited Liability Companies (LLCs), or Corporations (INCs). If you have any questions about these account types, you can contact Member Services.
Requirements for opening a business account:
- Proof of EIN number (if applicable)
- Copy of business registration paperwork
- Valid photo ID, SSN (if applicable), and proof of address for each authorized signer
- $25 share deposit
Share products and services include:
Regulation D Notice
Federal Reserve Board Regulation D limits the number of certain withdrawals to six (6) from savings accounts. As required by regulation, we monitor your accounts to ensure the transaction restrictions are observed.