Company Information

• Type of legal entity
• Legal name of entity
• EIN/Tax ID number
• Date established
• Company phone number
• Company physical address
• Company description
• Company industry classification (NAICS code)
• Company website

Company Documents
Below are examples of acceptable documentation, however, we reserve the right to ask for additional documentation as needed.

• Formation document
  • Articles of Incorporation
  • Certificate of Publication
  • Partnership Agreement
  • Certified Court Order
  • Governing Trust Document
  • Fictitious Trade Name
• Authority document
  • Operating Agreement
  • By Laws
  • Current Appointment of General Partnership
  • LLP Agreement
  • Limited Partnership Agreement
  • Certificate of Authority
• AML Policy (If applicable)

Applicant/Authorized Signers/Control Person/Beneficial Owners

• Legal name
• Job title
• Ownership %
• Physical address
• Email address
• Phone number
• Date of birth
• SSN/Tax ID number
• Photo ID and selfie with photo ID

Beneficial owner information will be required for each individual who owns 25% or more, directly or indirectly, of the company.

Applicant/Authorized Signers/Control Person/Beneficial Owners

• Photo ID
• Selfie photo holding ID

Expected Account Activity

• Domestic and Foreign ACH Deposits/Withdrawals
  • Volume and number of deposits per month
  • (Foreign only) Countries involved
• Domestic and Foreign Wire Deposits/Withdrawals
  • Volume and number of deposits per month
  • (Foreign only) Countries involved
  • (Foreign only) Purpose
• Mobile/Remote Check Deposit Activity

For additional questions or assistance, contact Client Services.

The post What information is needed to open an account? appeared first on Grasshopper.

For additional questions or assistance, contact Client Services.

The post Can I open multiple accounts for the same entity? appeared first on Grasshopper.

For additional questions or assistance, contact Client Services.

The post Do you require a minimum opening deposit? appeared first on Grasshopper.

That being said, we also take account security very seriously. In some cases, accounts may require manual review depending on a variety of factors, such as requests for additional documentation. However, we can assure you that all measures and steps taken are meant to help keep our clients and bank safe.

Please note: As a part of the account opening process, Grasshopper does not perform credit checks. However, we do obtain information from credit bureaus to validate your personal information. This does not affect your credit score. If you have placed a credit or security freeze on your credit report, your application will undergo a manual review. In which case, we will contact you to have the credit freeze removed. Once we receive confirmation that the freeze has been lifted, the review process may take up to 3 business days. 

The post When will my application be approved? appeared first on Grasshopper.

Required

• Fed Reference Number OR Swift Reference Number: This unique identifier is crucial for tracking the wire transfer.
• Amount: The exact amount of the wire transfer you are expecting.
• Transaction Date: The date when the wire transfer was initiated.

Optional

• Currency: The currency in which the wire transfer was sent.
• Originating Bank: The name of the bank that initiated the transfer.
• Sender Name: The name of the individual or entity that sent the wire.
• Intermediary Bank Name: If the transfer was routed through an intermediary bank, please provide the name of that bank, if applicable.

By providing as much of this information as possible, we can effectively assist you in tracing the status of your incoming wire transfer.

The post Can I trace an incoming wire? appeared first on Grasshopper.