The problem with credit unions and bank that NO ONE mentions in these videos. If you have an LLC and EIN, they want you to provide a Statement of Information AND an Operating Agreement, BOTH are legal documents and one has to be filed with the Secretary of State for a $70 fee (in CA) AND takes 28 days after filing to get the proof of that back. So you have huge tasks to complete, more money to spend and time to wait to be able to open the checking. Also you must have a savings account with Credit Unions in order to open any checking. THINGS TO KNOW.
I Feel So Behind In my Business. I’m A Year In And Still Find Myself Being Stuck. Thank You For These Gems, I Didn’t Know Where To Start For My Business Account.
I opened my first business account with Navy Federal as well as a personal checking & savings. I absolutely love them. I did also start 2nd business and opened that business account with Chase. I would like to get that Ink card but, I'm not sure if I qualify with the new business I just opened in 2023.
I was originally stuck on finding the "right" business bank account and I heard Navy Federal was a great option. I already have a personal account with them and now I'm about to have a business one as well. Thank you 💕
I just started my business and don't have the LLC yet, I don't have a business bank account because I thought sole proprietorships couldn't get one. However, after seeing this video I looked it up, and apparently some banks do allow business banking for sole proprietorships. So this is a great way to get started while I work on filing my LLC
Is it okay if my business bank account (business checking) is connected to the same accounts as my personal checking and saving? Thank you for all that you do ellie 🥰💓
Hi, I don’t know if you will see this☺️. But, I have a question in-regards to getting a business bank account. I made a LLC, but not really sure with what business route I wanna go first. Is it necessary to pick a NAIC code in order to get a bank account? Kinda lost at how to handle getting a business checking account.
Typically, a business will generally have a primary NAICS code, but you can also have multiple NAICS codes if you have multiple products and services. You got this sis!
@@EllieTalksMoney Thank you so much for the advise. I never knew you can have multiple NAIC codes with one LLC. I’ma figure out my primary NAICS code I wanna work on for now and get my business account.❤
I am considering opening a business account with a credit union that I’m already a member with, but I may not be living or operating in this state for much longer. My credit union is local only operates within my current city and will be very far from my new prospective location. Should I bother?
I love you for this info..I have a business question regarding my members organization information. The spelling is incorrect I reached out to the Secretary of the State and received a ticket but still no response. I plan to reach out today.. Can I still open a business bank account?
The problem with credit unions and bank that NO ONE mentions in these videos. If you have an LLC and EIN, they want you to provide a Statement of Information AND an Operating Agreement, BOTH are legal documents and one has to be filed with the Secretary of State for a $70 fee (in CA) AND takes 28 days after filing to get the proof of that back. So you have huge tasks to complete, more money to spend and time to wait to be able to open the checking. Also you must have a savings account with Credit Unions in order to open any checking. THINGS TO KNOW.
I Feel So Behind In my Business. I’m A Year In And Still Find Myself Being Stuck. Thank You For These Gems, I Didn’t Know Where To Start For My Business Account.
I opened my first business account with Navy Federal as well as a personal checking & savings. I absolutely love them. I did also start 2nd business and opened that business account with Chase. I would like to get that Ink card but, I'm not sure if I qualify with the new business I just opened in 2023.
I was originally stuck on finding the "right" business bank account and I heard Navy Federal was a great option. I already have a personal account with them and now I'm about to have a business one as well. Thank you 💕
Had a horrendous experience with north one and I’m one of many.
Legit saw north one and passed right before this video. Thank you for turning me around!
I just started my business and don't have the LLC yet, I don't have a business bank account because I thought sole proprietorships couldn't get one. However, after seeing this video I looked it up, and apparently some banks do allow business banking for sole proprietorships. So this is a great way to get started while I work on filing my LLC
Which are you going with? I'm in the same spot.
What’s holding me back is providing to deposit funds into the account.
Yes I signed up with Arkansas Federal Credit Union , thanks for the video Ellie
You're so welcome!
Thanks 🙏 I do have a business account with a credit union I just need to find out about funds for my business
All good info! Love your video💯
thank youuu 💕
💎👍dropping gems
Period 😌
Aww man! I just opened my first biz account with North One a couple weeks ago. I would’ve used your referral link. ❤️
great stuff ellie
What is the best way to receive payment as a business?
I love navy federal but at the time i was afraid of what they offered i was only 18
What’s the best way to change my business name? Should it be done before I renew My LLC with the Secretary of State (GA)?
Hi Ellie from a M2M member. I absolutely love your content. What documents are needed to start a business bank account?
Hi, typically your LLC document (which they can pull it up online but you can bring your copy if you like), and your EIN number
Is it okay if my business bank account (business checking) is connected to the same accounts as my personal checking and saving? Thank you for all that you do ellie 🥰💓
Hi, I don’t know if you will see this☺️. But, I have a question in-regards to getting a business bank account. I made a LLC, but not really sure with what business route I wanna go first. Is it necessary to pick a NAIC code in order to get a bank account? Kinda lost at how to handle getting a business checking account.
Typically, a business will generally have a primary NAICS code, but you can also have multiple NAICS codes if you have multiple products and services. You got this sis!
@@EllieTalksMoney Thank you so much for the advise. I never knew you can have multiple NAIC codes with one LLC. I’ma figure out my primary NAICS code I wanna work on for now and get my business account.❤
Thank you.
Of course!
LINK PLEASE FOR THE ACADEMY CLASS 🙏🏾
Txt ACADEMY to 310-546-0065 and I'll send you the link!
any thoughts on Greenwood?
I am considering opening a business account with a credit union that I’m already a member with, but I may not be living or operating in this state for much longer. My credit union is local only operates within my current city and will be very far from my new prospective location. Should I bother?
Do I need two business savings and two business checking account? Is that what you meant by having one fund the other?
What is this about business credit score ?! I need to find those videos you have on that subject
💰💰💰💰thanks
How many business checking accts would I need to be efficient
So I have one already , but is it good to have multiple ones ?
yes sis, it's great to have multiple accounts!
Thank you
Is Truist not a good bank to bank with.
I love you for this info..I have a business question regarding my members organization information. The spelling is incorrect I reached out to the Secretary of the State and received a ticket but still no response. I plan to reach out today.. Can I still open a business bank account?
Of course! If you registered with the IRS you can submit a business name change on their website. Hope this helps!
Thanks for the information Ellie, I have some other questions for you, can you contact me, Awesome information, Thanks 🥰
Hey Ellie when love with you in your class i can only send messages to you and not the chat for everyone
Hello I currently have a DBA, should i get my LLC before applying for a business account
I got denied a business acct through NP
I have an amex business account, do i need more than one business account?
Hi Ellie, What is your website?
www.ellievatedacademy.com/?ref=c01bf8 😄
Will anyone be willing to share their access code for navy federal
?
Still need Navy Fed? I’m an Army Vet.
I am Canadian, I have llc in Washington State, Can I open a bank account in USA?
Mmm, that;'s a good question! I'd reach out to the banks you're looking to open an account with and ask them directly.
Hi Ellie i am trying to contact u please can u help me thanks
Hey sis! Feel free to shoot me an email: support@ellietalksmoney.com 💕