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Updated over 2 years ago on . Most recent reply

User Stats

69
Posts
17
Votes
Isaac S.
  • Investor
  • Chicago, IL
17
Votes |
69
Posts

Bank Account - Series LLC

Isaac S.
  • Investor
  • Chicago, IL
Posted
Hi all, I have a series LLC setup for my properties, however my current bank (Chase) does not allow me to open an account due to this setup. Does anyone know of a bank that works with a series LLC?

Most Popular Reply

User Stats

165
Posts
107
Votes
Russell W.
  • Rental Property Investor
  • Illinois
107
Votes |
165
Posts
Russell W.
  • Rental Property Investor
  • Illinois
Replied

For anyone else searching this topic, some helpful updated info: I was also turned down by Chase to setup multiple accounts for Series-LLC's, so I did some research and moved on. BMO Harris allows multiple business checking accounts for Series-LLC's and there's no limit to the number of accounts. Just did this for two series I just formed and will continue to do so as I grow. Process could not have been easier. Anyone in the Chicago area PM me and I'll provide the branch and banker I went to- super helpful and understands exactly what it is we BP'ers are trying to accomplish.

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