Showing results for fintech and traditional banks available in your state.
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We compare 9 banks — 6 online fintechs and 3 traditional — ranked by LLC-specific fees and features for your state.
How we rank the best business bank accounts for LLCs
Each bank is scored out of 100 across six signals weighted by importance to a newly formed LLC.
Reduces overhead for early-stage LLCs
Open with EIN + Articles, no branch visit
Add multiple authorized signers or members
Deposits protected up to $250,000
Scaled by number of in-state branches
Separate accounts for payroll, taxes, expenses
Do you need a separate business bank account for an LLC?
In practice, yes. An LLC is a legal entity separate from its owners, and running its income and expenses through a personal account ("commingling funds") is one of the factors courts weigh when deciding whether to disregard an LLC's liability shield. A dedicated business account also makes bookkeeping, tax filing, and any future financing or audit dramatically simpler. Most banks require the account to be opened in the LLC's legal name, not yours.
What you need to open an LLC business bank account
Requirements vary slightly by bank, but nearly all will ask for:
- Your EIN (some banks accept an SSN for single-member LLCs, but an EIN is free and preferred)
- Articles of Organization (or Certificate of Formation) filed with your state
- Your operating agreement — commonly requested for multi-member LLCs
- A government-issued photo ID for each owner or authorized signer
Online banks in the table above verify these documents digitally, so many accounts can be opened within a day or two of your LLC paperwork coming back from the state — though final approval timing depends on each bank's verification process.