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Updated almost 7 years ago on . Most recent reply

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111
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Martha Daisley
  • Rental Property Investor
  • Orlando, FL
13
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111
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Solo 401k checking account

Martha Daisley
  • Rental Property Investor
  • Orlando, FL
Posted

Hello

I have a self directed solo 40lk for which i am the plan administrator. I am looking to open a checking account in the name of the solo 401k so i can have check writing ability. Im told Wells fargo can open this type of checking acct but ive called several branches and they dont know what im talking about.

Has anyone successfully opened a solo 401k checking acct at a wells fargo in the orlando area? If so which branch and who did you speak to?

Thanks

Martha

  • Martha Daisley
  • Most Popular Reply

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    Mindy Jensen
    • BiggerPockets Money Podcast Host
    • Longmont, CO
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    Mindy Jensen
    • BiggerPockets Money Podcast Host
    • Longmont, CO
    ModeratorReplied

    @Martha Daisley , I experienced the same frustrations when I called around. My plan administrator suggested Solera Bank (but I foolishly tried to find my own) and ended up with Solera. They REALLY know what they're doing, and they deal exclusively with investors. You never have to explain anything to them, they already know what you're talking about. And @Kreighton Reed is really responsive. 

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