Business Banking

Frequently Asked Questions

How long will it take to complete the application?
What can I expect after the application is submitted?
Why is this information and documentation required?
Can I open the Business Checking Account online?





Who can apply for account opening?
The following type of businesses can open a business checking account, Business Savings Account or apply for a Jumbo CD:
Corporation
Limited Liability Company
“S” Corporation
Partnerships
Unincorporated Group or Association
Sole Proprietorship
Trusts
Affiliates or related entities
Government Entities

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What is the process for applying for an account?
The account application form for business checking, business savings and Jumbo CD is available on our website www.icicibankusa.com. You can download this form, print the form, sign it, attach the required documents and post it to us at the New York Branch, ICICI Bank Limited, New York Branch, 500 Fifth Avenue, 28th Floor, New York, NY 10110

Please Click here for a list of the documents required for account opening.

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Can a business which is not based in USA open this account?
Under certain scenarios and in certain situations, yes.

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How long will it take to complete the application?

With the required information available, the application should take you approximately 15 minutes to complete depending on the type of account you are applying for - such as sole / joint account.

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What can I expect after the application is submitted?
On receiving the form, documents and cheques, ICICI Bank will send a confirmation. If some additional information is required, we will contact you. The cheques will be put through clearing after the account has been opened. When all the cheques have cleared, the password and user id for the account would be mailed out to the mailing address. These would be mailed separately for security purposes.

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Why is this information and documentation required?
Government regulations require that we verify your identity before opening an account. We use the information you provide to assist us in confirming the identity of the Authorized Individuals and the business.

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Can I open the Business Checking Account online?
Not at this time. This facility may be made available in the future. To open a Business Checking Account, we would request you to approach our branch at: ICICI Bank Limited, New York Branch, 500 Fifth Avenue, 28th Floor, New York, NY 10110

You could also get in touch with us at smeusa@icicibank.com / call us at 1-646-827-8415

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