Serious question, how long did it take you to set up your first business bank account?

I thought it would be a quick afternoon task when I launched my LLC last month. I spent three hours just comparing fees and minimum balances between five different banks. Then, gathering all the required documents, like my Articles of Organization and EIN letter, took another two days because I had misplaced a file. The actual appointment at the local credit union was 45 minutes, but the whole process from start to finish was about a week. Has anyone else found a simpler way to handle this step?

2 comments

2 Comments

blake3024d ago

Three days for an EIN letter?

campbell.evan4d ago

Three days sounds like a dream. The last time I had to get one, it was stuck in processing for over two weeks with no updates. Had to put everything on hold waiting for that single piece of paper in the mail. The whole system feels like it moves at its own slow speed, no matter how urgent your paperwork is.