Starting your business should be smooth, from formation to finances. That’s why we partner with Relay Bank, offering a seamless, fully digital way to open a business bank account for your LLC on the same day we form your business. No need to wait or deal with the hassle of traditional banks—your account will be ready to use almost instantly.
Open My Business Bank AccountWhy You Need a Business Bank Account for Your LLC
Opening a business bank account is essential to keeping your business and personal finances separate. It helps protect your assets, simplify bookkeeping, and reduces risks during audits. Having a dedicated account for your LLC is highly recommended for any business owner.
What Documents Do You Need to Open an LLC Bank Account?
To open your Relay Bank business account, you’ll need the following LLC documents:
- Articles of Organization
- Employer Identification Number (EIN)
- Operating Agreement
- ID for owners (e.g., driver's license or passport)
- Information for all owners with 20%+ ownership (name, DOB, address, SSN)
Once your LLC is formed, LLC Attorney will automatically apply for your business bank account using your EIN. The process is quick and hassle-free, so you can focus on running your business.
- 1
Form Your LLC: We’ll file your LLC with the state and secure your EIN.
- 2
Set Up Your Bank Account: Our systems are fully integrated with Relay Bank, so we can instantly open your business checking account as soon as your LLC is formed.
- 3
Receive Your Debit Cards: You’ll receive your physical and virtual debit cards to start managing your business finances immediately.
How to Open Your Instant Bank Account
Why Choose Relay Bank for Your LLC?
No Monthly Fees
Unlike traditional banks, Relay Bank offers business banking with no monthly fees or minimum balance requirements.
Online Convenience
Manage your business bank account entirely online, with the ability to open multiple checking accounts, send payments, and track expenses.
FDIC Insured
Deposits are insured up to $3 million, giving you peace of mind as your business grows.
Profit First® Integration
Relay Bank is the official Profit First bank, perfect for business owners looking to implement this popular cash flow management system.
Start Your LLC and Open Your Bank Account Today
With LLC Attorney and Relay Bank, you can get your business bank account opened the same day we form your LLC. It’s fast, reliable, and ensures your business is set up for financial success from day one.
Why Choose a Relay Bank Business Checking Account
| Online and Convenient | FDIC Insured | Seamless, Efficient Integrations | Profit First® Official Bank | Crystal Clear Accounting |
|---|---|---|---|---|
| Because Relay Bank is online, you can open your account without having to go into a branch. When you set up your LLC with us, we can set up your account, too! | Relay Bank can spread your deposits between accounts, for a total FDIC coverage of $3,000,000. | Relay Bank offers direct integrations with QuickBooks Online, Xero, and many more! | Open up to 20 checking accounts to easily practice the Profit First® business banking method. | Consolidate your payments—including ACH transfers, wires, checks and payouts from PayPal, Stripe, Square and more. |
Compare Relay Bank to Other Business Checking Accounts
When you start a business, you want to open a business checking account. You use the account to receive income and to pay business expenses. We partnered with Relay Bank because we believe it’s the most convenient way to manage your financial transactions.
| Business Checking Account | LLCAttorney & Relay Bank | Other Banks |
|---|---|---|
| Monthly service fee | $0 | $5+ |
| # of checking accounts | Up to 20 | Depends on bank |
| # of savings accounts | 2 | Depends on bank |
| # of physical and virtual debit cards | Up to 50 | Limited to the number of authorized users |
| Credit cards | ||
| Overdraft fees | $0 | $30+ |
| Secure, role-based access for team members | ||
| Receipt management | Some | |
| Mobile check deposit | Some | |
| Accounts payable services | Some | |
| 24/7 hands-on friendly support | Some | |
| Two-factor authentication and biometric security | Some | |
| FDIC insured | Up to $3M | Up to $250,000 |
| Zero Liability Protection | Some | |
| Profit First official bank | ||
| Currency exchange for outgoing international wires | varies | |
| Payments via ACH transfer, check and wire | ||
| Deposit and withdraw cash at Allpoint ATMs | Some | |
| Integrate with QuickBooks Online and Xero | Some | |
| You Pay: | $0/month | Too much |
- 1
Log in to your LLC Attorney dashboard and choose Bank Account.
- 2
Answer a few questions. Don’t worry! We don’t just send you to Relay Bank and expect you to find your way. Our systems are integrated.
- 3
Relay Bank will set up your account.
- 4
Receive your debit card(s) in the mail.
How to Open Your Small Business Bank Account
Small Business Banking FAQs
You want to at least open a business checking account. This allows you to separate your business finances from your personal ones. Find one that doesn’t charge you a monthly fee or require a minimum balance (like Relay!). Business has ups and downs, and the last thing you want is unnecessary expenses.
Keeping your business finances separate from your personal ones is crucial. Doing so helps ensure you have a handle on cash flow. It also helps you accurately track invoices, expenses, and deductions. Mistakes and confusion are more likely to happen if all your finances are mixed together.
If you’re a sole proprietor, you can use your social security number. To open an account for a partnership, LLC, or corporation, you need an Employer Identification Number (EIN).
Yes! You can deposit cash via any AllPoint+ ATMs without paying any fees. There are more than 55,000 nationwide.
Relay Bank integrates:
- QuickBooks Online
- Xero
- Gusto
- Stripe
- Paypal
- Plaid
- Square
- Venmo
- Shopify
- Wise
- Yodlee
And more!
Deposits up to $3,000,000 per business are insured by the Federal Deposit Insurance Corporation (FDIC) through an insured cash sweep program managed by Thread Bank, Member FDIC.
The only types of businesses Relay is unable to support are those that deal with provisioning and exchanging cryptocurrency, the sale of firearms or weapons, credit repair, privately owned ATMs, money services, unlawful internet gambling, and cannabis sales.
AUTHOR
LLC Attorney Team
Welcome to LLC Attorney, where our mission is to make the process of forming and maintaining your LLC as smooth and stress-free as possible. Our team is a dedicated group of professionals with a shared passion for helping businesses thrive.
