Setting up a bank account for a Series LLC

[Reed A.]

Hello Biggerpockets community!

I need to set up a bank account for a Series LLC, anyone know which financial institution would best understand this kind of LLC and is easy to work with for a business?

Thanks!

[Justin Windham]

@Reed A.

Do you want to setup an account for just the master LLC or do you need to open accounts for one or more cells right off the bat? The master shouldn't be a problem, but the cells can be trickier. I would call a couple business bankers at Wells Fargo in your area (hopefully just 1 call is all you need). Let them know what you want to do and see if they're familiar with the process and can do that for you. In fact, I'd take the same approach to any bank you're considering working with. I've just found Wells to be the most business friendly bank so far.