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Updated over 3 years ago, 04/06/2021

User Stats

8
Posts
1
Votes
Christopher Gee
1
Votes |
8
Posts

Bank Account for Multi-member LLC

Christopher Gee
Posted

Hi all, my partners and I are in an LLC together, and we're trying to set up a new business bank account. We'd love it if all of our names are on the account. We've run into a problem though:

  • Most brick and mortar (Chase, Wells Fargo, etc.) require that all members of the LLC are present to open up the bank account. Of course, all of our members can show up at different branches and present our identity and it wouldn't be a problem, but ...
  • My partners and I are all in different time zones and aren't even in the country. 

First question: Has anyone dealt with something like this before?

One solution we're considering is an online business banking option. However, it isn't really clear if online banks are set up for multi member LLCs - from collateral and help content, seems geared towards sole proprieter.

Second question: If you've done online banking for multi member LLC, who did you use?

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