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Small business account requirements
 

What do you need to open a small business account at a bank? Can you open it with just the EIN letter from the IRS or do you have to show the LLC or business articles?

In Cali, you have to show article of incorporation.

I'm done with using mismatched names for deposits. It's not worth your bank account be locked or being returned to Amazon and then not getting padi. I want to setup business accounts for all stealth accounts. I was hoping to do it with just the EIN letter from the IRS.

If you are in business as an LLC or a corporation, then you have to show your paperwork.

You can open a small business account at most banks and credit unions with a DBA. You just have to get your business license through the city or county you live in depending on who has jurisdiction in your locale.
With the DBA you can use the EIN.

DBA is "you Doing Business As".

LLC or corporation is a separate entity.

Which banks are you using? I'm currently using US Banks and Amex Bluebird with mismatch name, no problem at all during transfer. Granted when I open my US Banks, I told the branch manager that I will be getting deposit from my DBA name from Amazon and Paypal.

They did not require anything to prove you have a DBA? Where do you bank? Are any of the deposits over $5000?

I bank at Wells Fargo, no problem with mismatched names. Someone told me that TD Bank will let you open a small business account with just the EIN letter form the IRS.

Nope none at all. I only told them the name on the transfer and where it's coming from. I'm in CA. My largest which is also my first initial deposit was $18k. I also find the local credit union in your town will allow mismatched name as well. There are about 8-10 local credit union in my town.

who do you bank with? Probably best to be up front with them and let them know.

I'm surprised they didn't require you to open a business account when you told them DBA

It's US Bank. That's my main one, I'm using both checking and saving account number for both my stealth.