{"id":13140,"date":"2023-03-29T16:39:11","date_gmt":"2023-03-29T23:39:11","guid":{"rendered":"https:\/\/www.keytlaw.com\/azllclaw\/?p=13140"},"modified":"2023-04-06T12:19:32","modified_gmt":"2023-04-06T19:19:32","slug":"idiot-banker","status":"publish","type":"post","link":"https:\/\/www.keytlaw.com\/azllclaw\/2023\/03\/idiot-banker\/","title":{"rendered":"Idiot Banker Won&#8217;t Open a Bank Account for an LLC Owned by a Trust"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1196px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p><strong>Question<\/strong>:\u00a0 You setup an LLC for me that is owned\u00a0by a revocable living trust you created.\u00a0 I gave the bank a copy of the Articles of Organization, the Operating Agreement, the Trust Agreement and the Certification of Trust, but the bank won&#8217;t open an account for the LLC unless you send the bank a letter that says that I am the trustee of the trust that is the member of the LLC?<\/p>\n<p><strong>Answer<\/strong>:\u00a0\u00a0You are dealing with an idiot banker because he\/she wants somebody who is not an owner of the LLC or affiliated with the LLC, i.e., me, to sign a letter that states who owns the trust.\u00a0 Ask the idiot banker if another bank employee can sign the letter because that person has the same connections to the LLC and the trust as I have.<\/p>\n<p>Your Certification of Trust and your Trust Agreement show that you are the trustee, aka the &#8220;owner&#8221; of the trust.\u00a0 Why doesn&#8217;t the banker know that?\u00a0 It&#8217;s because he or she is an idiot.<\/p>\n<p>I\u2019ve formed 8,700+ LLCs and only one other time has a bank idiot asked me to sign a letter before opening an account.\u00a0 The other time the idiot banker wanted me to sign a letter as the LLC\u2019s statutory agent stating that the LLC\u2019s address was the address displayed on the Arizona Corporation Commission website.\u00a0 Why wouldn\u2019t the idiot ask the owner of the LLC to sign that letter?<\/p>\n<p>Go to another bank or a different branch.\u00a0 I don\u2019t recommend that LLC owners open accounts with Chase, Wells Fargo or Bank of America.<\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4665,8,66,37,4664],"tags":[],"class_list":["post-13140","post","type-post","status-publish","format-standard","hentry","category-bank-problems","category-faqs","category-miscellaneous","category-operating-llcs","category-questions-people-ask"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Idiot Banker Won&#039;t Open a Bank Account for an LLC Owned by a Trust - Arizona LLC Law %<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.keytlaw.com\/azllclaw\/2023\/03\/idiot-banker\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Idiot Banker Won&#039;t Open a Bank Account for an LLC Owned by a Trust\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.keytlaw.com\/azllclaw\/2023\/03\/idiot-banker\/\" \/>\n<meta property=\"og:site_name\" content=\"Arizona LLC Law\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/keytlaw\" \/>\n<meta property=\"article:author\" content=\"http:\/\/www.facebook.com\/keytlaw\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-29T23:39:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-06T19:19:32+00:00\" \/>\n<meta name=\"author\" content=\"Richard Keyt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Richard Keyt\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2023\\\/03\\\/idiot-banker\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2023\\\/03\\\/idiot-banker\\\/\"},\"author\":{\"name\":\"Richard Keyt\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#\\\/schema\\\/person\\\/9d6c74d30296559f95e238fa25182391\"},\"headline\":\"Idiot Banker Won&#8217;t Open a Bank Account for an LLC Owned by a Trust\",\"datePublished\":\"2023-03-29T23:39:11+00:00\",\"dateModified\":\"2023-04-06T19:19:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2023\\\/03\\\/idiot-banker\\\/\"},\"wordCount\":1091,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#organization\"},\"articleSection\":[\"Bank Problems\",\"FAQs\",\"Miscellaneous\",\"Operating LLCs\",\"Questions People Ask\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2023\\\/03\\\/idiot-banker\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2023\\\/03\\\/idiot-banker\\\/\",\"url\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2023\\\/03\\\/idiot-banker\\\/\",\"name\":\"Idiot Banker Won't Open a Bank Account for an LLC Owned by a Trust - Arizona LLC Law %\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#website\"},\"datePublished\":\"2023-03-29T23:39:11+00:00\",\"dateModified\":\"2023-04-06T19:19:32+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2023\\\/03\\\/idiot-banker\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2023\\\/03\\\/idiot-banker\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2023\\\/03\\\/idiot-banker\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Idiot Banker Won&#8217;t Open a Bank Account for an LLC Owned by a Trust\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#website\",\"url\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/\",\"name\":\"Arizona LLC Law\",\"description\":\"Information about Forming &amp; Operating Arizona LLCs\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#organization\",\"name\":\"KEYTLaw, LLC\",\"url\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/wp-content\\\/uploads\\\/logo.png\",\"contentUrl\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/wp-content\\\/uploads\\\/logo.png\",\"width\":500,\"height\":500,\"caption\":\"KEYTLaw, LLC\"},\"image\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"http:\\\/\\\/www.facebook.com\\\/keytlaw\",\"https:\\\/\\\/x.com\\\/azestateplanner\",\"http:\\\/\\\/www.linkedin.com\\\/pub\\\/richard-keyt\\\/5\\\/a88\\\/a30\\\/\",\"https:\\\/\\\/www.youtube.com\\\/user\\\/keytlaw\"],\"description\":\"We are Arizona attorneys who have formed 9,000+ Arizona LLCs. We also prepare wills, trusts and estate plans to protect our clients' most valuable assets - their loved ones.\",\"email\":\"rk@keytlaw.com\",\"telephone\":\"480-664-7478\",\"legalName\":\"KEYTLaw, LLC\",\"foundingDate\":\"2001-06-01\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"1\",\"maxValue\":\"10\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#\\\/schema\\\/person\\\/9d6c74d30296559f95e238fa25182391\",\"name\":\"Richard Keyt\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/be46af086de7d79cb650301f8e2188550999d39b68ef6226ddae375f7b4c0778?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/be46af086de7d79cb650301f8e2188550999d39b68ef6226ddae375f7b4c0778?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/be46af086de7d79cb650301f8e2188550999d39b68ef6226ddae375f7b4c0778?s=96&d=mm&r=g\",\"caption\":\"Richard Keyt\"},\"description\":\"The author of this article is Richard Keyt, an Arizona limited liability company and estate planning attorney who has formed 9,800+ LLCs. His Silver &amp; Gold LLC packages include the $85 expedited filing fee, a custom Operating Agreement and 170 ebook called the \\\"Arizona LLC Operations Manual.\\\" Read Rick's 400 five star Google &amp; Birdeye reviews. Connect with Richard at 480-664-7478 or send him an email message at rk@keytlaw.com. Make a free office, phone or Zoom meeting appointment using his online calendar.\",\"sameAs\":[\"https:\\\/\\\/www.keytlaw.com\\\/\",\"http:\\\/\\\/www.facebook.com\\\/keytlaw\",\"http:\\\/\\\/www.linkedin.com\\\/pub\\\/richard-keyt\\\/5\\\/a88\\\/a30\\\/\",\"https:\\\/\\\/x.com\\\/azestateplanner\",\"http:\\\/\\\/www.youtube.com\\\/keytlaw\"],\"gender\":\"male\",\"jobTitle\":\"Estate Planning & LLC Attorney\",\"worksFor\":\"KEYTLaw, LLC\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Idiot Banker Won't Open a Bank Account for an LLC Owned by a Trust - Arizona LLC Law %","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.keytlaw.com\/azllclaw\/2023\/03\/idiot-banker\/","og_locale":"en_US","og_type":"article","og_title":"Idiot Banker Won't Open a Bank Account for an LLC Owned by a Trust","og_url":"https:\/\/www.keytlaw.com\/azllclaw\/2023\/03\/idiot-banker\/","og_site_name":"Arizona LLC Law","article_publisher":"http:\/\/www.facebook.com\/keytlaw","article_author":"http:\/\/www.facebook.com\/keytlaw","article_published_time":"2023-03-29T23:39:11+00:00","article_modified_time":"2023-04-06T19:19:32+00:00","author":"Richard Keyt","twitter_misc":{"Written by":"Richard Keyt","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.keytlaw.com\/azllclaw\/2023\/03\/idiot-banker\/#article","isPartOf":{"@id":"https:\/\/www.keytlaw.com\/azllclaw\/2023\/03\/idiot-banker\/"},"author":{"name":"Richard Keyt","@id":"https:\/\/www.keytlaw.com\/azllclaw\/#\/schema\/person\/9d6c74d30296559f95e238fa25182391"},"headline":"Idiot Banker Won&#8217;t Open a Bank Account for an LLC Owned by a Trust","datePublished":"2023-03-29T23:39:11+00:00","dateModified":"2023-04-06T19:19:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.keytlaw.com\/azllclaw\/2023\/03\/idiot-banker\/"},"wordCount":1091,"commentCount":0,"publisher":{"@id":"https:\/\/www.keytlaw.com\/azllclaw\/#organization"},"articleSection":["Bank Problems","FAQs","Miscellaneous","Operating LLCs","Questions People Ask"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.keytlaw.com\/azllclaw\/2023\/03\/idiot-banker\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.keytlaw.com\/azllclaw\/2023\/03\/idiot-banker\/","url":"https:\/\/www.keytlaw.com\/azllclaw\/2023\/03\/idiot-banker\/","name":"Idiot Banker Won't Open a Bank Account for an LLC Owned by a Trust - Arizona LLC Law %","isPartOf":{"@id":"https:\/\/www.keytlaw.com\/azllclaw\/#website"},"datePublished":"2023-03-29T23:39:11+00:00","dateModified":"2023-04-06T19:19:32+00:00","breadcrumb":{"@id":"https:\/\/www.keytlaw.com\/azllclaw\/2023\/03\/idiot-banker\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.keytlaw.com\/azllclaw\/2023\/03\/idiot-banker\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.keytlaw.com\/azllclaw\/2023\/03\/idiot-banker\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.keytlaw.com\/azllclaw\/"},{"@type":"ListItem","position":2,"name":"Idiot Banker Won&#8217;t Open a Bank Account for an LLC Owned by a Trust"}]},{"@type":"WebSite","@id":"https:\/\/www.keytlaw.com\/azllclaw\/#website","url":"https:\/\/www.keytlaw.com\/azllclaw\/","name":"Arizona LLC Law","description":"Information about Forming &amp; Operating Arizona LLCs","publisher":{"@id":"https:\/\/www.keytlaw.com\/azllclaw\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.keytlaw.com\/azllclaw\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.keytlaw.com\/azllclaw\/#organization","name":"KEYTLaw, LLC","url":"https:\/\/www.keytlaw.com\/azllclaw\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.keytlaw.com\/azllclaw\/#\/schema\/logo\/image\/","url":"https:\/\/www.keytlaw.com\/azllclaw\/wp-content\/uploads\/logo.png","contentUrl":"https:\/\/www.keytlaw.com\/azllclaw\/wp-content\/uploads\/logo.png","width":500,"height":500,"caption":"KEYTLaw, LLC"},"image":{"@id":"https:\/\/www.keytlaw.com\/azllclaw\/#\/schema\/logo\/image\/"},"sameAs":["http:\/\/www.facebook.com\/keytlaw","https:\/\/x.com\/azestateplanner","http:\/\/www.linkedin.com\/pub\/richard-keyt\/5\/a88\/a30\/","https:\/\/www.youtube.com\/user\/keytlaw"],"description":"We are Arizona attorneys who have formed 9,000+ Arizona LLCs. We also prepare wills, trusts and estate plans to protect our clients' most valuable assets - their loved ones.","email":"rk@keytlaw.com","telephone":"480-664-7478","legalName":"KEYTLaw, LLC","foundingDate":"2001-06-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"1","maxValue":"10"}},{"@type":"Person","@id":"https:\/\/www.keytlaw.com\/azllclaw\/#\/schema\/person\/9d6c74d30296559f95e238fa25182391","name":"Richard Keyt","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/be46af086de7d79cb650301f8e2188550999d39b68ef6226ddae375f7b4c0778?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/be46af086de7d79cb650301f8e2188550999d39b68ef6226ddae375f7b4c0778?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/be46af086de7d79cb650301f8e2188550999d39b68ef6226ddae375f7b4c0778?s=96&d=mm&r=g","caption":"Richard Keyt"},"description":"The author of this article is Richard Keyt, an Arizona limited liability company and estate planning attorney who has formed 9,800+ LLCs. His Silver &amp; Gold LLC packages include the $85 expedited filing fee, a custom Operating Agreement and 170 ebook called the \"Arizona LLC Operations Manual.\" Read Rick's 400 five star Google &amp; Birdeye reviews. Connect with Richard at 480-664-7478 or send him an email message at rk@keytlaw.com. Make a free office, phone or Zoom meeting appointment using his online calendar.","sameAs":["https:\/\/www.keytlaw.com\/","http:\/\/www.facebook.com\/keytlaw","http:\/\/www.linkedin.com\/pub\/richard-keyt\/5\/a88\/a30\/","https:\/\/x.com\/azestateplanner","http:\/\/www.youtube.com\/keytlaw"],"gender":"male","jobTitle":"Estate Planning & LLC Attorney","worksFor":"KEYTLaw, LLC"}]}},"views":4351,"_links":{"self":[{"href":"https:\/\/www.keytlaw.com\/azllclaw\/wp-json\/wp\/v2\/posts\/13140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.keytlaw.com\/azllclaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.keytlaw.com\/azllclaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.keytlaw.com\/azllclaw\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.keytlaw.com\/azllclaw\/wp-json\/wp\/v2\/comments?post=13140"}],"version-history":[{"count":3,"href":"https:\/\/www.keytlaw.com\/azllclaw\/wp-json\/wp\/v2\/posts\/13140\/revisions"}],"predecessor-version":[{"id":13143,"href":"https:\/\/www.keytlaw.com\/azllclaw\/wp-json\/wp\/v2\/posts\/13140\/revisions\/13143"}],"wp:attachment":[{"href":"https:\/\/www.keytlaw.com\/azllclaw\/wp-json\/wp\/v2\/media?parent=13140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.keytlaw.com\/azllclaw\/wp-json\/wp\/v2\/categories?post=13140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.keytlaw.com\/azllclaw\/wp-json\/wp\/v2\/tags?post=13140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}