Opening a business bank account is one of the first steps after forming your limited liability company (LLC). Not only does it help separate your personal and business finances, but it also strengthens liability protection and builds credibility with clients, vendors, and lenders. In this guide, we’ll break down the key LLC bank account requirements in the U.S. for 2025 and explain how both U.S. residents and non-residents can meet them.
Why Your LLC Needs a Business Bank Account
Having a dedicated bank account for your LLC ensures that your company is treated as a separate legal entity. Without it, you risk “piercing the corporate veil,” which could make you personally liable for business debts. Additionally, a business account allows you to:
- Accept payments under your LLC name.
- Build business credit history.
- Simplify bookkeeping and tax filing.
- Look more professional when dealing with clients and partners.
Basic LLC Bank Account Requirements
Although requirements vary slightly depending on the bank and the state, most financial institutions will request the following documents when you open an LLC bank account:
- Articles of Organization (or Certificate of Formation)
This is the official document you filed with your state to form your LLC. It proves that your company legally exists. - Operating Agreement
Many banks require an LLC operating agreement, especially for multi-member LLCs. It outlines ownership percentages and who has the authority to open accounts and sign checks. Even if your state doesn’t require one, banks often do. - EIN (Employer Identification Number)
Almost all banks require an EIN, which you can obtain for free from the IRS. An EIN works like a Social Security number for your business. - Business License (if applicable)
Some states or local governments may require a license for specific industries. Banks may ask for a copy if it applies to your business. - LLC Resolution (for multi-member LLCs)
If your LLC has multiple members, the bank may ask for a resolution signed by all members granting permission to open the account and naming authorized signers. - Valid Identification of Members/Owners
You’ll need government-issued ID, such as a driver’s license or passport, for all owners or authorized signers.
Additional Requirements for Non-U.S. Residents
If you are opening an LLC bank account as a non-resident, banks may require additional steps:
- Proof of U.S. address (sometimes a virtual office is accepted).
- Passport and secondary form of identification.
- ITIN (Individual Taxpayer Identification Number) in some cases.
- Some banks allow remote account opening, but many require in-person visits.
Tip: International entrepreneurs often use fintech solutions or online banks as alternatives if traveling to the U.S. is not possible.
Best Banks for LLC Accounts in 2025
Each bank has slightly different requirements and benefits. Common options include:
- Chase – Popular for nationwide access and small business perks.
- Bank of America – Offers business checking with integration to merchant services.
- Wells Fargo – Good for established businesses needing loans.
- Online banks (e.g., Mercury, Relay) – Especially useful for non-residents and e-commerce businesses.
For more details on business banking rules, visit the U.S. Small Business Administration.
Steps to Open an LLC Bank Account
- Choose the right bank or fintech provider.
- Gather your LLC documents (Articles of Organization, EIN, Operating Agreement).
- Schedule an appointment (or apply online if available).
- Deposit the required minimum opening balance.
- Start using your account for business-only transactions.
Conclusion
Opening a bank account is essential for protecting your LLC and running your business professionally. While requirements may differ slightly from one bank to another, most institutions will ask for your Articles of Organization, EIN, Operating Agreement, and valid ID. Non-residents may need extra documentation, but with options like online banks, opening an account has never been easier. To avoid delays, prepare all your documents before applying.