Board resolution format for opening new bank account

Here is a sample board resolution format for opening a new bank account:

RESOLUTION NO. [Insert Number]

RESOLUTION TO OPEN A NEW BANK ACCOUNT

WHEREAS, [Company Name] (the "Company") is a [insert type of company, e.g. corporation, limited liability company, etc.] organized and existing under the laws of [insert state/country]; and

WHEREAS, the Company requires a new bank account to facilitate its financial transactions and operations; and

WHEREAS, [insert name of authorized signatory] has been authorized by the Company to open and manage the new bank account on behalf of the Company.

NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the Company hereby authorizes and directs [insert name of authorized signatory] to open a new bank account with [insert name of bank] in the name of the Company, and to execute all necessary documents and instruments to effect the opening of the account.

FURTHER RESOLVED, that the authorized signatory is hereby authorized to deposit and withdraw funds from the new bank account, and to execute all necessary checks, drafts, and other financial instruments to facilitate the Company's financial transactions and operations.

FURTHER RESOLVED, that the authorized signatory is hereby authorized to obtain and maintain all necessary records and documentation related to the new bank account, including but not limited to statements, receipts, and other financial records.

FURTHER RESOLVED, that the Company's financial records and accounts shall be maintained in accordance with generally accepted accounting principles and applicable laws and regulations.

FURTHER RESOLVED, that this resolution shall be effective as of the date of its adoption by the Board of Directors.

APPROVED AND ADOPTED:

[Signature of Chairperson of the Board of Directors]

[Date]

BOARD OF DIRECTORS

[Insert names and signatures of all directors]

Note: This is just a sample resolution and should be reviewed and customized to fit the specific needs and circumstances of your company. It's also a good idea to have your company's attorney review the resolution before it is adopted.