Banking Resolution of Corporation

I, ________________, the _________ of ________________, a corporation organized and existing under the laws of _____________ (hereinafter referred to as the “Corporation”), do hereby certify that the following is a true and correct copy of the resolutions duly adopted by the Board of Directors of the Corporation at a properly noticed meeting with a quorum present on _________________, and that said resolutions remain in full force and effect as of the date hereof:

Resolved, that the _____________________________________ located at ____________, ____________, is hereby designated as a depository of the Corporation;

Further resolved, that all drafts, checks, payment orders, or other financial instruments drawn on the account(s) of the Corporation maintained at such depository shall be valid only when signed by any ____ of the following authorized individuals:

_____________________________________________________________

Further resolved, that said depository is hereby authorized to accept for deposit to the credit of the Corporation, into any of its accounts, any funds, drafts, checks, bills of exchange, or other items of value delivered for such purpose. Such items may be endorsed with the Corporation’s name by rubber stamp, facsimile, mechanical, manual, or any other means of signature, and any such endorsement—regardless of how affixed—shall be deemed an authorized endorsement of the Corporation. The depository may credit these items as endorsed, not endorsed, or otherwise, provided that any item accompanied by or bearing specific instructions regarding deposit to a particular account shall be credited accordingly.

Further resolved, that said depository is directed and authorized to honor, pay, and apply any checks, drafts, instruments, or payment orders drawn on the Corporation’s account(s) when signed in accordance with these resolutions. Such authorization shall apply without limit as to amount, without further inquiry, and without regard to the ultimate use or disposition of the funds or proceeds. The depository shall not be held liable for honoring such instruments even if they are made payable to an individual whose signature appears thereon, or if the proceeds are used for that individual’s personal benefit or to satisfy personal obligations.

Further resolved, that said depository is authorized to deduct from the Corporation’s account(s) any standard service charges or fees related to account maintenance or services rendered.

Dated: _________________________________

________________________________________
Corporation

By: ____________________________, its ______ (Title)

Print Name: _____________________________

Banking Resolution of Corporation

How to Use This Sample Format

This guide is provided to help you understand and properly complete the Banking Resolution document. Most banks and financial institutions require a formal banking resolution before allowing a corporation to open checking or other financial accounts. Preparing this resolution in advance will help streamline the account setup process and ensure the Corporation’s authority is properly documented.

Make several copies of the completed and signed resolution. Provide one to the relevant bank or financial institution, place another in the Corporation’s official minute book, and keep one in the Corporation’s records relating to its financial accounts.