Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

presented by

User Stats

11
Posts
3
Votes
Kyle O'Connor
  • Investor
  • Chicago, IL
3
Votes |
11
Posts

Bank Refuses to setup account of Checkbook control SD IRA

Kyle O'Connor
  • Investor
  • Chicago, IL
Posted

Has anyone been told No when trying to setup a bank account for their Self Directed IRA owned LLC?

My bank for decades now said they aren't willing to do it but wont tell me why. 

Most Popular Reply

User Stats

17,972
Posts
6,323
Votes
Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
6,323
Votes |
17,972
Posts
Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

@Kyle O'Connor

Who set up the IRA LLC for you? The facilitator should be able to help you with the banking questions.
Yes, we've seen that happen with several clients. I would recommend Solera bank, that is their specialty. Hundreds of our clients have accounts with them are are very happy. Reach out to @Kreighton Reed.

  • Dmitriy Fomichenko
  • (949) 228-9393
  • Loading replies...