Business Member Due Diligence Checklist - CEFCU Foreign funds o Merchant processing Do you have...

Business Member Due Diligence Checklist *Required fields Business Name* DBA Account Number(s)* DueDil_W (04/14) Signature Date Type of Business member o New o Existing adding service Is your business o New Date formed o Existing Number of years in business Type of Person o U.S. Person o Non-U.S. Person o Corporation registered in state of What brought you to our Credit Union o Products o Prior relationship with Credit Union o Location o Dissatisﬁed with current ﬁnancial institution o Family and/or friend referral o Other Physical address of business Physical address of business headquarters Types of transactions o Cash o On us transfers/checks o Payroll checks o Government checks o Cashier’s checks o Wire transfers o Foreign funds o Merchant processing Do you have deposits that come in automatically? o Yes o No If yes, what kind of automatic deposits do you have? o Payroll o Operating account o ACH o Merchant processing o Other Are your transactions o Domestic o International o Both Account opening method o In person, all signors present o In person, less than all signors present o Mail/Fax/Email o Online Type of Business o Money Service Business (MSB) o Marijuana-related business o Buying or selling motor vehicles of any kind, vessels, aircraft, farm equipment, or mobile homes o Practicing law o Accounting o Practicing medicine o Auctioning goods o Chartering or operating ships, buses, or aircraft o Gaming of any kind o Real estate brokerage o Pawn brokerage o Title insurance and real estate closing o Trade union activities o Rental property management o Construction/home repair o Spa (nail/hair care/tanning) o Other What is the primary purpose of this account? Does your company ship currency via a third party carrier (Brinks, Guarda, USPS, etc.) o Yes o No If yes, which company do you use? Do you use automatic withdrawals? o Yes o No If yes, what kind of automatic withdrawals do you have? o Sweep accounts o Utilities o ACH withdrawals o Other How many deposits will you average in a month? o 1n5 o 6n10 o 11 or more How many checks/withdrawals will you average a month? o 1n5 o 6n10 o 11 or more

Upload
dinhtuong
Category

Documents
view
228
download
5

Embed Size (px):

Transcript of Business Member Due Diligence Checklist - CEFCU Foreign funds o Merchant processing Do you have...

Page 1: Business Member Due Diligence Checklist - CEFCU Foreign funds o Merchant processing Do you have deposits that come in automatically? o Yes o No If yes, ... Business Member Due Diligence

Business Member Due Diligence Checklist*Required fields

Business Name*

DBA

Account Number(s)*

DueDil_W (04/14)Signature Date

Type of Business membero New o Existing adding service

Is your businesso New Date formedo Existing Number of years in business

Type of Persono U.S. Person o Non-U.S. Persono Corporation registered in state of

What brought you to our Credit Uniono Productso Prior relationship with Credit Uniono Locationo Dissatisfied with current financial institutiono Family and/or friend referralo Other

Physical address of business

Physical address of business headquarters

Types of transactionso Cash o On us transfers/checkso Payroll checks o Government checkso Cashier’s checks o Wire transferso Foreign funds o Merchant processing

Do you have deposits that come in automatically?o Yes o No

If yes, what kind of automatic deposits do you have?o Payroll o Operating accounto ACH o Merchant processingo Other

Are your transactions o Domestic o International o Both

Account opening methodo In person, all signors presento In person, less than all signors presento Mail/Fax/Emailo Online

Type of Businesso Money Service Business (MSB)o Marijuana-related businesso Buying or selling motor vehicles of any kind, vessels,

aircraft, farm equipment, or mobile homeso Practicing lawo Accountingo Practicing medicineo Auctioning goodso Chartering or operating ships, buses, or aircrafto Gaming of any kindo Real estate brokerageo Pawn brokerageo Title insurance and real estate closingo Trade union activitieso Rental property managemento Construction/home repairo Spa (nail/hair care/tanning)o Other

What is the primary purpose of this account?

Does your company ship currency via a third party carrier (Brinks, Guarda, USPS, etc.)

o Yes o No

If yes, which company do you use?

Do you use automatic withdrawals?o Yes o No

If yes, what kind of automatic withdrawals do you have?o Sweep accounts o Utilitieso ACH withdrawals o Other

How many deposits will you average in a month?o 1n5 o 6n10 o 11 or more

How many checks/withdrawals will you average a month? o 1n5 o 6n10 o 11 or more