Madison Trust Company Q&AAnswer
Aug 28, 2023 - 06:43 AM
When considering a Checkbook IRA, you'll find that almost any national bank can help you open a bank account for an IRA LLC/Trust. To start the process, simply inform the bank that you require a regular business checking account. The flexibility of a Checkbook IRA allows you to choose any bank that suits your preferences and needs. If you're uncertain about the procedure or need assistance, we're here to help. We can guide you through the steps and even facilitate a conference call with your chosen bank if necessary.
To learn more about opening a Checkbook IRA, please call us or schedule a call with one of our Madison Trust Specialists.
Please note, Madison Trust is a passive custodian and therefore, does not give legal, tax, or financial advice. Please consult with your tax adviser before making any investment decisions.
