People’s Business
CheckingSwitch Kit
Ready for a change?
We can help make your switch
to People’s Business Checking easy!
People’s Bank recognizes that changing banks can be a frustrating challenge.
Setting up new business accounts, changing automatic payments, ordering new
checks and closing your old account can sometimes seem tedious. But, we have
some steps and ready-to-use forms that can help make the transition as smooth as
possible. After all, you want to start realizing all of the conveniences of banking
with People’s Bank, and enjoy the features of your new Business Checking account.
Simply click on the 7 easy steps, print out the forms you need, and you are ready
to go!
We are committed to making your switch to People’s Bank quick and simple.
Member FDIC
People’s Business Checking Switch Kit
To help you make the Switch to People’s Bank, follow the steps below:
GET STARTED ❑ Click for form
Complete the Business Organizer Worksheet enclosed to help gather all the necessary information to open your new People’s Business Checking Account. Additionally, you will want to collect the appropriate
documents and tax id for your business entity. The chart which follows this page will help you to determine what information you will need.
OPEN A NEW PEOPLE’S BUSINESS CHECKING ACCOUNT ❑ Click for form
Be prepared with 2 forms of ID, one of which needs to be a primary, government issue picture ID (such as a driver’s license or U.S. passport) and the other can be secondary, such as a major credit card. You can make your initial deposit with cash or check. Once your account is opened, make sure to record the routing number (221172186) and account number to make your next steps easier.
ORDER NEW PEOPLE’S BANK CHECKS AND FORMS ❑ Click for form
We make it easy for you to order your new checks and forms through Clarke American. Your People’s Bank relationship manager can assist you with your check order to ensure your checks are processed and delivered quickly. Catalogs are available to review styles and packages.
CHANGE ANY AUTOMATIC BILL PAYMENTS ❑ Click for form
Do you have payments – such as a utility bill, loan payment, or insurance premium - that are being automatically deducted from your old checking account each month? Use Automatic Payment Request Form enclosed to let these companies know that you have switched banks or you can contact the companies by phone to provide your new checking account number and People’s Bank routing number (221172186). Please allow sufficient time for your first automatic payment to be activated against your People’s Plus Business Checking account.
SIGN UP FOR ONLINE BANKING AND BILL PAYMENT ❑ Click for form
Sign up for People’s Online Banking so that you can review balances, make transfers, place “stop payment” and orders on check and pay bills. Simply log on to peoples.com, click on “Login Now” and then click on “Become a People’s Online User” button on the top of your screen. Follow the instructions to create your business profile. Once you sign up for People’s Online, don’t forget to enter all of your merchant bill information to the “add a merchant” section. An Online Bill Payment Sign-Up List has been attached to help you collect all the necessary bill payment information. Your relationship manager will help you establish a secure Business Identification Number (BIN or PIN) allowing you to use People’s Online.
CHANGE YOUR MERCHANT SERVICES RELATIONSHIP ❑ Click for form
Do you accept credit card payments? If so, you’ll need to re-direct those daily deposits to your new People’s Business Checking Account. And you may want to consider Global Payments – the People’s Bank preferred vendor for credit card processing. Global Payments has been providing People’s Bank business customers with superior service and a full range of payment options since 1998. Switch by September 30, 2006 and Global Payments will waive the application fee ($90 Value) and the
re-programming fee if you already own your own terminal ($50 Value). For more information, fill out the Global Payments Request for Information Form enclosed.
CLOSE YOUR OLD ACCOUNT
Once all your outstanding checks have cleared and all of your automatic bill payments have been activated for your new People’s account, close your old business accounts.
Member FDIC
Business Entity
Tax ID
Documents
For Internal
Use Only
Sole Proprietor/DBA (Doing Business As)
General Partnership
Limited Partnership
Limited Liability Partnership
Limited Liability Company
Corporation,
Professional Corporation, Non-Profit Corporation Non-Profit Association
Tax Exempt Organization
Unincorporated Organization Social Security (SSN) or Employer Identification Number (EIN) Employer Identification Number (EIN) Employer Identification Number (EIN) Employer Identification Number (EIN) Employer Identification Number (EIN) *Single Member LLC’s can use a SSN or Employer Identification Number (EIN) Employer Identification Number (EIN) Employer Identification Number (EIN) Employer Identification Number (EIN) Employer Identification Number (EIN)
Trade Name Certificate
Trade Name Certificate
1.) Copy of Certificate of Limited Partnership certi-fied by Secretary of State 2.) Copy of Limited
Partnership Agreement with all Amendments 1.) Copy of Certificate of
Limited Liability Partnership certified by Secretary of State 2.) Copy of Limited Liability
Partnership Agreement with all Amendments N/A
N/A
Trade Name Certificate
Trade Name Certificate
Trade Name Certificate
Com - 47 Com - 48 Com - 51 Com – 48 Com – 86 Com – 52 Com – 48 Com – 48 Com - 48
If you need to apply for an EIN go to www.irs.gov
or call 1-800-829-4933 and get a EIN immediately.
Member FDIC
Organizer Worksheet
Please tell us about the business
Business Name: ____________________________________________Tax Identification Number: _______________________ Telephone: (______) _______ - ___________ Fax: (_____) ______ - _________ Email: _________________________________ Business Address: ______________________________City____________________ State: ______ Zip: _______ - __________ Mailing Address: _______________________________ City___________________ State: ______ Zip: _______ - __________ Date Business was established: ______________________________________________________________________________ What is your legal business entity?
Sole Proprietor (or DBA)_____ LLC _____ Partnership ______ Corporation _____ Other _____________________________ What type of business do you operate (such as Manufacturer, Real Estate Agent, etc):
___________________________________________________________________________________________________________ How many employees do you have? None Paid ___ (1 - 4) ____ (5 - 9) ___ (10 - 19) ___ (20 - 99) ___ (100+) ____ What do you estimate your annual sales to be? $0 - $999,999 ____ $1M - $9.9M ____ $10M - $25M ___ $25M+ ____
Please tell us about the business’ current banking relationship(s)
Bank Name: ______________________________________________________________________________________________ Number of Checking Accounts ______ Average Monthly Balance $________________________________________________ Number of Savings Accounts _______ Average Monthly Balance $________________________________________________
Please tell us about the account transaction needs
1. How many business accounts will you open with People’s? _____________________________
2. ACH (Automated Clearing House) transaction is an electronic debit or credit sent to your account. Do you plan to utilize this type of electronic service? ❏ Yes ❏ No
3. What do you estimate your deposit volume to be?
Estimated Cash Volume Amount $_____________________________
Frequency of Cash Deposits: Weekly ___________________ Monthly _________________ Yearly ___________________
Organizer Worksheet
(Continued)
Please tell us about the authorized signers on the account
__________________________________________________________________________________________________________ __________________________________________________________________________________________________________
Please note - Signers will be asked to provide two forms of identification when the account is opened.
Name ___________________________________________ Title _____________________________________________ SSN _______-_______-________ DOB _________________ Home Address_____________________________________ City____________________State_____Zip_______ -_____ Home Phone (_________)-__________-________________ Business Phone (________) -__________-______________
Information about additional account signers
Name ___________________________________________ Title _____________________________________________ SSN _______-_______-________ DOB _________________ Home Address_____________________________________ City____________________State_____Zip_______ -_____ Home Phone (_________)-__________-________________ Business Phone (________) -__________-______________ Member FDIC
Equal Opportunity Lender
Organizer Worksheet
(Continued)
Information about additional account signers
Automatic Bill Payment Request
Use this form to request the transfer of an automatic payment to your People’s Business Checking Account, or to establish a new automatic payment. Complete this form for each automatic payment, and attach a voided check from your new People’s Business Checking Account. Many companies
also provide information on how to make a change to establish an automatic payment on their website or on their bill/statement. Please allow sufficient time for your first automatic payment to be activated against your People’s Business Checking account.
To Whom It May Concern: ________________________________________________________________________ (Company Name)
I am requesting my payment be automatically deducted from my People’s Plus Business Checking Account. Merchant Name: ________________________________________________________________________________ Merchant Account Number: ______________________________________________________________________ Effective immediately, please use the following People’s Plus Business Checking Account information for my automatic payments.
People’s Business Checking Account # ____________________________________________________________ People’s Bank Routing # _________________________________________________________________________ If there are any questions regarding this request, you may contact me at the number listed below.
Business Owner/Authorized Signer: _______________________________________________________________ Address: _________________________________________
City: _____________________________________________ State: ________________ Zip: _________________
Business Phone: __________________________________ Date: ________________________________________ Business Owner/Authorized Signer Signature: ______________________________________________________
Member FDIC
Global Payments
❏ Yes, I’m interested in learning more about Merchant Card processing services through People’s Bank. Please have a Global Payments representative call to arrange for an appointment. Fill out the
information below and return to your People’s Bank relationship manager.
Business Name: ______________________________________________________________________________ Contact Name: ______________________________________________________________________________ Address: ______________________________________________________________________________ ______________________________________________________________________________ Phone: ______________________________________________________________________________ Type of Business: ______________________________________________________________________________
Average Ticket: $_________________________ Annual Volume: $__________________________
Information Requested:
❏ Visa/MasterCard ❏ Check Guarantee ❏ Debit/Point-of-Sale ATM ❏ American Express
For Branch Use Only
Branch Name: ___________________________________ Branch #: ________________________________ Bank Contact: ___________________________________ Employee: ________________________________ Branch Phone: ___________________________________ Branch Fax: ________________________________
FAX TO: Claire Burger at 1-877-200-4311 or
MAIL TO: Claire Burger, Account Manager
Global Payments,
2 Enterprise Drive Suite 408 Shelton, CT 06484
CALL: 1-800-844-7349
Online Bill Payment Merchant Sign-Up List
Use this form to list the information for the merchants you wish to pay from your People’s Business Checking Account using Online Banking. Once you sign up at peoples.com, enter your merchant information in the “add a merchant" section. After you fill in this information, you will receive a confirmation from us, via email, a few days
later and the merchants will appear on the bill pay screen. Please have your current bill/statement handy to help you complete this information.
Merchant Name Merchant Address:
City: State: Zip: Merchant Phone #:
Merchant Account Number:
Merchant Name Merchant Address:
City: State: Zip: Merchant Phone #:
Merchant Account Number:
Merchant Name Merchant Address:
City: State: Zip: Merchant Phone #:
Merchant Account Number:
Merchant Name Merchant Address:
City: State: Zip: Merchant Phone #:
Merchant Account Number:
Member FDIC
