Document background
A Non-Profit Resolution To Open Bank Account is a formal document required by German financial institutions when establishing banking relationships with non-profit organizations. This document is typically needed when a non-profit organization is first established, when changing banks, or when opening additional accounts. It must comply with the German Banking Act (KWG), Anti-Money Laundering regulations, and specific requirements for non-profit entities under German law. The resolution serves as official evidence of the organization's authorization to open an account and includes crucial details such as the organization's registration information, authorized signatories, and specific banking requirements. It's a fundamental document that bridges the organization's internal governance with external banking relationships.
