Business Bank Accounts

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Corporate Structures & Strategies

Opening a bank account in the state of Colorado is not a hard process, even if it's for your corporation or an LLC. If you're in state, there's nothing stopping you from taking your documents to the bank closest to your home or office and simply opening the account in one visit.

Find out more about forming a Colorado LLC, registered a Colorado business and our registered agent services.

Sadly, things get a little harder if you are located outside of Colorado, especially if it's not possible for you to visit the state. However, if you still want to open a corporate or LLC bank account without having to leave your state of residence, we can help you out. Just follow this easy guide and you'll have your Colorado bank account in no time!

What You'll Need


  • A business entity for the state of Colorado (corporation or an LLC)
  • Articles of Organization or Incorporation
  • Member or Corporate Resolution to Open a Bank Account
  • Proof of Identity
  • EIN - (free guide here)

Need A Registered Agent

If you still need a registered agent, we can gladly offer our services to you. Our firm can represent your business as your registered agent in Colorado. If you do this, we will provide to you a unique address that you can use to set up your bank account and get all of your mail forwarded with our mail forwarding service.

Choosing A Bank

Remember, opening a bank account from a different state means you need to pick a bank that has branches in the state you reside in, as well as having branches in Colorado. You should also make sure that they have a way for your to open bank accounts online.

Keep in mind, you will need one of the following to open a bank account: US Passport, EIN, SSN, or a valid form of ID. Every bank has different requirements, so you should check with the bank before you try to open an account.

Begin the Application

If you want to open a bank account, Bank of America or Wells Fargo are good options you might want to consider, with simple forms and easy set ups. Just keep in mind what's best for you and your business, as they might charge higher fees than smaller banks. Once you get started, remember you need all the documentation that's relevant to your corporation or LLC, as well as a registered agent with an address in the state of Colorado.

Supplemental Documentation

To open a bank account with Wells Fargo or Bank of America, you will need two main documents: copies of your stamped or filed Articles of Organization or Articles of Incorporation, and the resolution you receive when you form a Colorado LLC with us. You may also need to provide a copy of the letter you receive when you apply for an EIN number. If you hire us to obtain an EIN for you, we will provide you with a copy fo the letter.

Maintenance Fees & Other Options

To maintain your business checking account, many banks will charge a monthly service fee that can vary from $2.99 to $9.99.

By following these recommendations, you may be able to avoid these monthly fees:

  • Bank of America charges a maintenance fee that be easily waived if you follow any of these requirements:
    • Keep a daily balance of at least $3,000.
    • Maintain at least a $5,000 monthly average balance for your services.
    • Make purchases of $250 minimum via your Bank of America credit or debit business card.
  • Wells Fargo also has a maintenance fee, so be prepared to pay that if you don't meet the following requirements to waive the fee:
    • Keep a balance of $500 minimum in your bank account
    • Choose electronic statements instead of physical paper ones

Additional Resources

We have other guides designed to make your life easy. They include obtaining your EIN, filing your periodic report, and more on our page for incorporating in Colorado. To form your Colorado LLC, click the Order link at the top of our website.

What's On Your Mind?

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Colorado LLC Attorney

901 Pennsylvania Street, Denver, CO 80203