Need a bank that will set up a checking account for an LLC owned by a Roth IRA

[Lisa Eisenhauer]

Hi,

I am having the hardest time finding a bank that will open a checking account for an LLC because it is owned by my Roth IRA.

Apparently this is an issue that other investors have faced as well, because it requires a bank manager to do a minor workaround with a field entry in the system in order to make it work.  This requires a series of phone calls where someone along the way always shuts it down. 

Rather than continue this agonizing trial-by-error approach, I would appreciate if someone would please refer me to the specific bank branch and bank manager that set up your LLC checking account for you so that I can give them a call. I live near Richmond, VA, but if you have a national bank then I thought I could just have my local branch call the bank manager you used so that s/he can walk my rep through the steps required to make it happen.

Thanks! -Lisa 

[Dmitriy Fomichenko]

@Lisa Eisenhauer, 

Yes, this is known issue, most local banks will not be able to help you. Go to Solera National Bank or Titan bank, both of them specialize in accounts like this. 

Who established an IRA LLC for you? Didn't they provide you with the guidance on how to open bank account for the LLC?