Easy IRA LLC will facilitate the opening of a bank account for your IRA LLC at one of our negotiated low-fee, partner banks. These partners may apply fees for various operations not associated with Easy IRA LLC.
Here is a list of common bank fees:
Action | Bank Fees |
Domestic Outgoing Wire Transfer | $20 |
Foreign Outgoing Wire Transfer | $50 |
Domestic or Foreign Incoming Wire Transfer | $15 |
Returned Item | $20 |
Initial Check Order | 40 checks included for free |
Minimum Balance Requirements | None, but must maintain an active Easy IRA |
Paper Statement Copies | $3.00 per statement |
Stop Payment | $30 |
Cashier Check | $5 |
ATM/Debit Card Replacement | Free first time. $5 per additional card |
Can I choose my own bank?
Yes. If you would like to open a bank account for your IRA LLC at a bank of your choosing, you are free to do so. However, customers have had difficulties finding a bank with experience opening these types of accounts and have often had to talk with several banks before they found one that was willing. Easy IRA LLC partnered with banks that understand the process, making it efficient and cost-effective. We do most of the work for you.