Free Board Resolution for Account Opening Template
Board Resolution for Account Opening
I. Resolution to Open a Corporate Bank Account
On this January 15, 2050, the Board of Directors of [YOUR COMPANY NAME], registered under company number [YOUR COMPANY NUMBER], located at [YOUR COMPANY ADDRESS], has resolved to open a corporate bank account with ClearFifty Bank for the purpose of managing the company’s financial transactions. The following individuals are hereby authorized to act as signatories for the account:
|
Signatory Name |
Position |
Signature |
|---|---|---|
|
Salvador Green |
CEO |
|
|
Malvina Jones |
CFO |
|
|
Charley Stokes |
Managing Director |
|
The account is to be used for the purpose of handling operational expenses, receipts, and other business-related financial transactions.
II. Authorized Bank Account Details
The following account details are to be opened with ClearFifty Bank:
-
Account Type: Corporate Checking Account
-
Account Name: [YOUR COMPANY NAME]
-
Account Purpose: Operational transactions
-
Bank Address: San Bernardino, CA 92401
III. Confirmation of Signatories and Transaction Limits
The signatories listed in Section I are authorized to execute financial transactions, including withdrawals, deposits, and the signing of checks. The Board has set a transaction limit of $100,000 per transaction for each signatory.
Effective Date of Authority: January 15, 2050
Transaction Limit: $100,000 per transaction
Conclusion
This resolution is effective immediately, and the authorized signatories are empowered to act on behalf of [YOUR COMPANY NAME] to open and manage the corporate bank account in accordance with the company’s business needs.
