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127
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54
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Carlo D.
Pro Member
  • New to Real Estate
  • New York
54
Votes |
127
Posts

Banking problem can't open a bank account for my LLC

Carlo D.
Pro Member
  • New to Real Estate
  • New York
Posted

I just came from the bank to open a bank account for the newly formed LLC that will hold the property I am purchasing. My LLC is formed in PA and I live in NY.

In the incorporating documents, I put my trust as the owner of the LLC. When I went into the bank they said they cannot open the account with this kind of set up. And the branch manager said he doesn't know of any big banks that does that as well as he's worked with a few of them.

I was shocked! Is this accurate? How do these conglomerates with holding companies and different sub companies do banking then?

  • Carlo D.
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