SDIRA LLC PREFERRED BANK
Titan Bank
After your SDIRA LLC has been established and a EIN as been provided, you can open a bank account in the name of the SDIRA LLC. It is important not to commingle personal funds with IRA funds even when setting up a bank account for your SDIRA LLC. Many banks, such as Bank of America, require an initial deposit to open the bank account. You can not use personal funds to open a bank account as that is considered a prohibited transaction. This is problematic because you do not have access to your SDIRA funds until the bank account is established and the funds are transferred over.
We recommend using Titan Bank as they are a leader in business banking for SDIRA LLC's and allow SDIRA LLC account holders such as yourself to establish a Traditional and Roth bank account absolutely free. Plus there are no fees to maintain the accounts.
Titan Bank is FDIC insured and has been in business for over 115 years. They also provide non-recourse loans to SDIRA LLC's allowing you to maximize your investment potential. They can also establish your bank accounts in as little as 2 days.
Benefits to your Titan Bank account include:
- Minimum opening balance: $0
- Debit card fee: Free
- Monthly fee: No charge with combined balances of $500*
- ATM withdrawals: Free at more than 37,000 Moneypass ATMs
- Sending Wires & ACHs: Free
- Check Deposits: Free
- Quickbooks Export: Free
- Initial Checks: Free
Bank Information:
Titan Bank
3100 Monticello Ave,
Dallas, TX 75205
Routing Number: 111910762
Self Directed Account Customer Service: 888-360-1300
(Monday - Friday, 9AM to 6PM CST)
Other banks that allow bank accounts owned by Self-Directed IRA LLCs and provide non-recourse loans exclusively for them include: