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Bank Account

Bank Account

At a minimum, you are going to need a personal bank account to deposit your paychecks into. Whether you are going to withdraw money from a payment processor into your bank account or have funds direct deposited/wired to your bank account from clients, it’s essential that you have one, otherwise, you may not be able to spend/access the money you earned.

Using the physical residential address you established, you can open a bank account just about anywhere, however, I would advise a local bank in the same zip code as your address.

You can also open a bank account using the assumed name certificate you received from the county tax office (If applicable). This will allow you to accept payments under your “doing business as” or “Entity” name instead of your own.

Be sure to review all our resources. Don’t skip anything we outlined there. We know it’s a lot of reading, but you’ll be thankful you read it all later.

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