Skip Navigation Download Adobe® Acrobat Reader to view Portable Document Format (PDF).
Little Horn State Bank

Business

Beneficial Ownership Requirements
 

BUDGET BUSINESS

 
  • Non-interest bearing
  • No minimum balance requirement
  • Low activity (25 checks/debit transactions per month)
  • $0.25 per each additional check/debit transaction
 


LITTLE HORN BUSINESS

 
  • Interest on collected funds
  • Low activity (30 checks/debit transactions per month)
  • $0.25 per each additional check/debit transaction
  • $300 minimum daily balance requirement
  • Monthly service charges if balance falls below $300:
    • $0.10 per check item
    • $0.08 per deposit item



COMMUNITY BUSINESS CHECKING

 
  • Non-interest bearing
  • First order of “bank-style” business checks free
  • $6 monthly service charge for balance below $500
  • $6 monthly service charge if more than 1000 items are processed
 


SOLE PROPRIETOR

 
  • Interest on collected funds
  • $6 monthly service charge for balance below $500 and:
    • $0.10 per check item
    • $0.08 per deposit item
 


CORPORATION/PARTNERSHIP

 
  • No minimum balance requirement
  • $6 monthly service charge
  • $0.10 per check item
  • $0.08 per deposit item
  • Service charge offset by earnings credited on collected balance
 



To help in opening your new business accounts, we may request the following:

Sole Proprietor/DBA Limited Liability Corp (LLC) Partnership Not-For-Profit Organization Corporation
  • SSN or TIN of Owner
  • TIN of LLC
  • Articles of Organization
  • Operating Agreement
  • Beneficial Ownership
  • TIN of Partnership
  • Partnership Agreement
  • Certificate of Partnership
  • Beneficial Ownership
  • TIN of Organization
  • If incorporated, follow corporation guidelines
  • if Tax-exempt, IRS documentation or tax return
  • If not tax-exempt, authorized letter
  • TIN of Corporation
  • Articles of Incorporation 
  • Beneficial Ownership
Additional documents and/or state registration may also be required. Contact your New Accounts Representative for  further information.