Business banking with EIN but without SSN
 

Hi,

I need to open a business bank account in the US for the US subsidiary of my UK company. I have opened an LLC and have been supplied with an EIN by the IRS. Looking online they all want a SSN. Has anyone had any experience working around this??

Thanks in advance.

Re: Business banking with EIN but without SSN
 

It's going to be easier doing it in person. Is this possible?

Re: Business banking with EIN but without SSN
 

Yes, I'm in the US with the company paperwork at the moment.

Re: Business banking with EIN but without SSN
 

You'll find it easiest to phone the bank and ask directly, or just go into a branch. In either case, make a point of avoiding the normal retail telephone customer service, and deal with someone who deals with new business accounts.

They'll probably want to have a copy of the operating agreement, a copy of the IRS letter showing the issuance of the EIN, the LLC paperwork issued to you by the state, and, I would presume, some info about the parties who are authorized to access the account. If the managing member is another entity, such as another LLC, they might want to have some information about that, too.

Do keep in mind that most LLC's are passthrough entities, so tax liability ultimately flows through to the members.

Re: Business banking with EIN but without SSN
 

Thanks very much for the info. I'll pop into a big branch and see what I can do.