Common questions

Can I open a business bank account in a different state?

Can I open a business bank account in a different state?

The short answer to the question is no. The bank account used for the business will need to be opened in the state where the business is operating and where at least one of the members of the LLC resides.

Does it matter what state you open a bank account in?

1 Answer. No, a bank branch will not open an account for you in a different state.

Can a Delaware LLC open a bank account?

You Don’t Need to Have a Delaware Bank Account for a Delaware Company. You can open a bank account in any state when you incorporate in Delaware. Since the majority of businesses incorporated in Delaware are headquartered in another state, this is the situation for most Delaware businesses.

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Can I open a bank account in Florida with a Delaware LLC?

You can open a bank account in any state when you are incorporated in Delaware.

Can you live in one state and bank in another?

Fortunately, that is quite a simple process – all you need to do is visit your current branch (or the branch in your new location) and submit an application for change of home branch, along with your old cheque book and a proof of residence in the area where you want your account to be transferred.

How do I open a personal bank account in Delaware?

What Documents Are Needed to Open a U.S. Bank Account?

  1. Proper photo identification, such as a driver’s license or passport.
  2. Certificate of Incorporation (for corporations) or Certificate of Formation (for LLCs), stamped by the Delaware secretary of state.
  3. The Operating Agreement, if the company is an LLC.

Can you have a bank account in a state you don’t live in?

Opening an account online won’t work to establish an account out of state with some banks. You will have to enter your home address, driver’s license information, and Social Security number on the application to open a bank account. Depending on the details you enter, the bank may require additional information.

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What do you need to open a business bank account in Delaware?

Can I open a bank account in Delaware Online?

In fact, a Delaware company can open accounts across the United States. And yes, in some instances, these accounts can even be opened online without visiting the US. But, just because you submit an application, doesn’t mean account opening is guaranteed and the bank will accept you.

How do I open a Delaware corporation account?

Can a business open an EIN?

2. Personal and business identification. Opening a business bank account requires proof of identification for both you and your business. Examples include your state-issued driver’s license or passport, your business license or your partnership agreements.