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Welcome to Illuminus Bank, the premier choice for business banking solutions tailored specifically for small businesses. At Illuminus Bank, we understand the unique challenges that small businesses face in today’s competitive landscape. Our mission is to empower entrepreneurs with the financial tools and resources they need to thrive. As the best bank for small businesses, we offer a comprehensive range of services designed to meet your specific needs. From business checking and savings accounts to flexible credit options, our offerings are designed to help you manage your finances efficiently. Our knowledgeable team of banking professionals is committed to providing personalized support, ensuring that you have access to the guidance necessary for informed financial decisions. Whether you are looking to secure funding for expansion, manage your cash flow, or streamline your bookkeeping, Illuminus Bank has you covered. We pride ourselves on our innovative technology that simplifies banking processes, allowing you to focus more on running your business. Our online banking platform offers easy access to your accounts anytime, anywhere, making it convenient for busy entrepreneurs. Additionally, we provide tailored lending solutions, including lines of credit and small business loans, to help you seize opportunities as they arise. At Illuminus Bank, we believe in building long-lasting relationships with our clients. That’s why we strive to be more than just a bank; we aim to be a trusted partner in your business journey. Our commitment to your success drives us to consistently improve our services and offerings. Choose Illuminus Bank as your business banking partner and experience the difference that dedicated support and expertise can make. Together, we can illuminate the path to your business success.
Earn up to $500
When you open a Business Complete Checking, account. For new business checking customers with qualifying activities. The Monthly Service Fee can be reduced from $15 to $0.
Offer expires 04/17/2025
For a limited time, you can earn a generous $500 cash bonus when you open a new business checking account with us. At Illuminus Bank, we understand the unique challenges that businesses face in today’s fast-paced economy. That's why we offer accounts equipped with features tailored specifically for business owners, ensuring you have the tools necessary for efficient management. With no monthly maintenance fees and no minimum balance requirement, our business checking account provides flexibility and peace of mind. When you open your account, you’ll also gain access to our state-of-the-art online banking platform, enabling you to manage your finances from anywhere, anytime. With seamless mobile check deposits, automated transactions, and robust reporting tools, keeping track of your business finances has never been easier. Additionally, we prioritize customer service. Our dedicated team of financial experts is always here to help you navigate your banking needs and ensure that your questions are answered. As your business grows, we’ll be right by your side, ready to offer valuable insights and support. Don't miss out on this fantastic opportunity to kickstart your business’s financial journey. Open your new business checking account today and claim your $500 bonus! Illuminus Bank is committed to paving the way for your financial success. Join us and illuminate your business's future with confidence.
Limited Liability Companies (LLC) Checklist
Individuals that need to be present at business bank account opening:
- Member Managed LLC: all members
- Manager Managed LLC: all managers
- If one of the Managers or Members of the LLC is another business, an authorizing representative of that business must also be present.
If you need to add authorized signers to the account, they should be present at account opening. If they cannot be present, they can be pre-authorized during account opening, but will need to go to the branch, with both forms of ID, within 30 days, to be authorized.
If you are applying online, only single-member and single-manager LLCs with one authorizing representative are supported. Multi-member or multi-manager LLCs, LLCs with multiple authorizing representatives, or Non-Profit LLCs are not supported online. Please visit a branch to open these types of accounts.
Sole Proprietors Checklist
Individuals that need to be present at business banking account opening:
- Sole Proprietorships with one owner — the owner
- Spousal Sole Proprietorships — both owners
- Sole Proprietorship Living Trust — the trustee(s)
- Sole Proprietorship with a Power of Attorney — the agent
If you need to add authorized signers to the account, they should be present at account opening. If they cannot be present, they can be pre-authorized during account opening, but will need to go to the branch, with both forms of ID, within 30 days, to be authorized.
If you are applying online, only Sole Proprietorships with one owner are supported. Spousal Sole Proprietorships, Sole Proprietorship Living Trusts, and Sole Proprietorships with a Power of Attorney are not supported online. Please visit a branch to open these types of accounts.
Partnerships Checklist
Individuals that need to be present at business bank account opening:
All General Partners must be present to open the account.
- If one of the General Partners is another business, an authorizing representative of that business must also be present.
- If you need to add authorized signers to the account, they should be present at account opening. If they cannot be present, they can be pre-authorized during account opening, but will need to go to the branch, with both forms of ID, within 30 days, to be authorized.
If you are applying online, partnerships are not supported online at this time. Please visit a branch to open this type of account.
Corporations Checklist
Individuals that need to be present at business bank account opening:
An authorizing representative must be present. This includes: President, Secretary, Assistant Secretary or Acting Secretary.
- Non-Profit Only: A minimum of 2 non-voting board members is required if there are not any voting members.
If you need to add authorized signers to the account, they should be present at account opening. If they cannot be present, they can be pre-authorized during account opening, but will need to go to the branch, with both forms of ID, within 30 days, to be authorized.
If you are applying online, only privately held S- and C-Corporations with one authorizing representative are supported. Non-Profit Corporations are not supported online. Please visit a branch to open this type of account.
Unincorporated Business Association or Organization Checklist
Individuals that need to be present at business bank account opening:
An authorizing representative — either the Secretary or Acting Secretary must be present.
- If you would like to add an authorized signer to your account, they must also be present.
If you are applying online, Unincorporated Business Associations or Organizations are not supported online at this time. Please visit a branch to open this type of account.
What will I need before I apply?
Personal Identification:
- Two forms of ID are required. One ID must be a government issued ID.
- If you are applying online, you must have a State Issued Driver’s License or a State Issued ID card. For your security you may be required to scan your ID.
- Primary ID examples:
- U.S. citizens: state issued driver’s license, passport, etc.
- Non-U.S. citizens:
- Permanent residents:
- Permanent Resident Alien Card (Green Card), state issued drivers licenses, state issued ID card, passport, etc.
- Non-permanent residents:
- Passport, matricula, or U.S. Employment Authorization Card
- Permanent residents:
- Secondary ID examples:
- Credit card/debit card with embossed name, employer ID, utility bill, etc.
- Proof of address or date of birth may be required. Additional forms of ID may be required for non-U.S. citizens.
Tax Identification Number:
- An Employer Identification Number (EIN) is required
- Single Member LLCs may use their SSN or ITIN
- Individual Taxpayer Identification Number (ITIN) may be used for non-U.S. citizen
Business Documentation:
- Varies based on the State of Organization.
- Certified Articles of Organization (Certificate of Formation) – filed with state agency
- Website validation
- Active Status Verification – Limited Liability Companies registered more than 1 year ago also require one of the following: Certificate of Good Standing, Status Report, OR Long Form or Short Form Standing
- Assumed Name Certificate
- Note: If your business is organized in another state, but operates in the state in which the account is opened, documentation is required to certify that the business is entitled to operate in the state in which the business address is located.
Assumed Name Certificate:
- May be required if your business is operating with a DBA (doing business as). For example: Jones Paint Supply LLC DBA Jones Professional Painting LLC
- Not required in HI, KS, MS, NE, NM, WI and WY
- Note: Assumed Name Certificates may also be referred to as: Trade Name Certificate, Fictitious Business Name Statement, or DBA.
Supplemental Documentation listing the current members or managers of the LLC (one of the following):
- Certified amendment to the Articles of Organization or Certificate of Formation
- Operating Agreement
- Meeting minutes
- Annual report or Statement of Information
Manager and Member Managed LLCs
- Legal First Name and Last Name
- Legal business name – only used when an owner of the LLC is another entity/trust.
- Residential address – (Business Address when the owner of the LLC is a business)
- Percentage of ownership
- Date of birth
- Tax Identification Number (e.g. SSN, ITIN, FTIN)
- Country of citizenship
- Non-U.S. citizen without a Permanent Resident Alien Card (Green Card) only: provide identification information from either passport or Matricula Consular Card (i.e., ID number, issuance, expiration date). The physical ID is not required to be shown for those individuals who do not need to be present.
- Note: If applying for a Business Credit Card or safe deposit box it is required to collect the above information for those owners with 25% or more ownership.
- The business address
- Phone number
- Number of business locations
- Where products and services are sold
- Location of suppliers and vendors
- The nature of your business
- Annual sales
- Number of employees
- Types of transactions and volumes you expect to process through the new account
- Full name as it appears on the employee’s government issued ID
- Employee’s residential address
- Employee’s date of birth