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Updated about 1 year ago on . Most recent reply presented by

User Stats

82
Posts
18
Votes
Corey G.
  • Investor
  • Phoenix, AZ
18
Votes |
82
Posts

I need another bank account for SDIRA with Checkbook control LLC

Corey G.
  • Investor
  • Phoenix, AZ
Posted

I have an self directed IRA and the bank it's with (Solera) has problems with Plaid. It prevents me from transferring money to my crypto exchanges and I end up wiring money, which gets expensive. It would also be nice to earn a little interest on the cash in there so I want to open a 2nd bank account under my LLC, but several banks have turned me down. One doesn't allow business accounts dealing with crypto, one wouldn't allow a LLC account for retirement funds, and another wouldn't open a business account "because it's not a business". I didn't have this much trouble opening the crypto accounts under the LLC so I'm not sure why it's so difficult. So does anybody have any recommendations on banks that are okay with opening business accounts for LLCs with SDIRA funds? Preferably with low fees? Any help is appreciated.

Most Popular Reply

User Stats

82
Posts
18
Votes
Corey G.
  • Investor
  • Phoenix, AZ
18
Votes |
82
Posts
Corey G.
  • Investor
  • Phoenix, AZ
Replied

I thought I'd give an update, I reached out to titan and they did exactly what I wanted. Plus I get 25 free domestic wires a month. Thanks for the tip. 

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