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Starting a Business? Steps for Opening a Bank Account That Requires an EIN

Sep 18, 2016

When it comes to being able to apply for an EIN, you need to find out the steps required to open an account that needs you to have one. When you’re a company and you need a bank account, then this is the best way to go about it. You have to make sure that you follow through with all of the steps to get the best possible outcome. Additionally, you can make sure to file for the EIN to open the account.

The Steps You Should Follow for an EIN and Bank Account

When it comes to having a bank account for your company, you’re likely going to need a valid EIN. This means you have to apply for an EIN through the IRS website ( 

This can be done when you register your account with them. You just have to give them your company’s information first, so that they can provide you with an EIN.

After you apply for a federal tax id number, you then can bring this number and your company information to the bank. This is where they can then open your account by using the EIN that you gave them. 

This can then be connected to the IRS when it comes to tax time and identified through the use of the number that was assigned to you and to the company’s account through the bank of your choice.


This is a great way to keep everything together in one place when the time comes. It is also a great way to keep track of the records that you need come tax time. 

Unlike other companies that have a hard time with their incoming and outgoing spending and payments, you’re able to have them in one place within a bank that communicates with the IRS website when you file for taxes.

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