Table of contents
A business account holder is a business or person that uses a commercial card product. You can create a business account holder from the dashboard. This guide provides steps for creating an account holder and an overview of the information collected when creating a business account holder.
Create account holder
Note: The account holder's first name must be at least one character.
Use the following steps to create an account holder using the dashboard:
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From the Highnote dashboard, click Account Holders and select Create Account Holder.
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Choose Business from the drop-down menu.
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Complete the Create Business Account Holder form. For required fields, see Required fields.
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Click Onboard Business Account Holder.
After creating an account holder, the dashboard redirects to the account holder detail page. This page provides an overview of account holder and primary authorized person details, associated applications and external bank accounts, financial accounts, and cards:
Required fields
The following fields are required for a business account holder:
- Legal business name
- Identification Number (EIN)
- Business type
- Business phone
- Street address
- City
- State
- Postal code
- Primary authorized person
All other fields are optional.
Business account holder information
When creating a business account holder, the following account holder information is collected:
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Business details: Details including name, identification number (EIN), business type, business phone, and website
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Business address: The business’s US-based physical address
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Primary authorized person: A person authorized to act on behalf of the business. Typically, this is the business owner
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Beneficial owners: A person who owns or controls at least 25% of the business. By default, if a primary authorized person owns or controls at least 25% of the business, they are also automatically added as a beneficial owner
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Additional details: An external ID from your system
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Financial information: Annual revenue of the business account holder. This can help to determine the risk for unsecured credit products