Series LLC Banking in IL

4 Replies

I went to Chase today to open my Master and Series1 LLC bank accounts but was surprised to learn they do not work with series LLCs. Has anyone ran into this problem before? Any local Chicagoland bank recommendations? Thanks!

I've done with Bank of America with no issues.

For anyone else searching this topic, some helpful updated info: I was also turned down by Chase to setup multiple accounts for Series-LLC's, so I did some research and moved on. BMO Harris allows multiple business checking accounts for Series-LLC's and there's no limit to the number of accounts. Just did this for two series I just formed and will continue to do so as I grow. Process could not have been easier. Anyone in the Chicago area PM me and I'll provide the branch and banker I went to- super helpful and understands exactly what it is we BP'ers are trying to accomplish.

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