Why does a bank need an EIN?
If you have an EIN, it shows that you have a company and are doing business. It shows that you have the right to sign checks, send payments and control the finances of that organization. Many banks look for proof of ownership in your company. This begins with a separate EIN. Some banks may require other documents like a business license and so on. You must provide the official name of your business, DBA – doing business as a moniker as well as the address of your business.
You can fill our application form and start your EIN process right now!