Our work is reader-supported, meaning that we may earn a commission from the products and services mentioned.

Can I open a business bank account without a ein#?

Can I open a business bank account without a ein#?

Advertising Disclosure

Advertising
Disclosure

Can I open a business bank account without a ein#?

Question – I wanted to know if I could open a business bank account without a ein#?



Our Answer – As long as you are a sole proprietorship and have no employees, banks are allowed to open business accounts with just the owner’s SSN. With that said however, some banks either forget this or have rules that say the business has to have an EIN. I think most often though, they are just used to seeing the EIN and forget that an SSN can be used.

Can I open a business bank account without a ein#?

Can I open a business bank account without a ein#?

Leave a Reply

Your email address will not be published. Required fields are marked *

Some (but not all) of the links on StartUp101.com are affiliate links. This means that a special tracking code is used and that we may make a small commission on the sale of an item if you purchase through one of these links. The price of the item is the same for you whether it is an affiliate link or not, and using affiliate links helps us to maintain this website.

StartUp101.com is also a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

Our mission is to help businesses start and promoting inferior products and services doesn’t serve that mission. We keep the opinions fair and balanced and not let the commissions influence our opinions.