The exact documentation needed to open a business bank account may vary by state or by bank within each state. It will also depend on the type of business structure you choose.
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Many small business owners use their personal accounts for banking transactions. However, there are seven times when you really need a business bank account, even though there are ways to work around them.
Many small business owners are uncertain whether they need to establish a separate bank account. While there are many situations that do not absolutely require it, it is always best to separate funds to make bookkeeping and tax reporting easier. In some cases, however, capital is in short supply or activity is minimal, and it may not be desirable to open a separate business account unless it is truly necessary.