I recently opened an LLC and today I visited two different banks to open my business account. I provided my EIN, but I was asked also for my social security number in order to start this account. I was denied two times because of my credit. Would you please give me legal advice on how to open my business account and start to manage my LLC?
Persistence is best. Banks are not required to accept your deposit account business, and if you have poor credit as an individual, a bank might consider it risky to open a checking account for you or for your business. There is no standard for such bank policies. If you continue contacting banks, you may find one that will be very happy to accept your business.
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Persistence is best. Banks are not required to accept your deposit account business, and if you have poor credit as an individual, a bank might consider it risky to open a checking account for you or for your business. There is no standard for such bank policies. If you continue contacting banks, you may find one that will be very happy to accept your business.
