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Why is an EIN required for banking?

Updated over a week ago

Why is an EIN required for banking?

Most banks require an EIN to open a business bank account because it:

  • Identifies your business

  • Separates personal and business finances

  • Confirms your business is properly set up


What if I donโ€™t have one yet?

You can request your EIN directly in your Business Portal.


How do I get it?

Go to:
๐Ÿ‘‰ Additional Services โ†’ Assign EIN


Summary

  • Most banks require an EIN

  • You can request one quickly through your Business Portal

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