Opening a Business Bank Account for Your Tennessee LLC

A dedicated business bank account maintains your LLC's liability shield. Tennessee courts consider commingling funds when evaluating veil-piercing claims. Open an account after formation and EIN issuance. For all compliance, see our after-formation guide.

What You Need

• Filed Articles of Organization (Form SS-4270)
• EIN confirmation letter
• Operating agreement
• Tennessee driver's license or ID (for signers)

Tennessee Banking Options

Regional banks:

• Avenue Bank (Nashville)
• Pinnacle Financial (Tennessee-based)
• First Horizon (formerly First Tennessee) — statewide
• Home Federal Savings Bank

National banks with TN presence:

• Regions Bank — strong Tennessee network
• Truist — Nashville, Memphis, Knoxville
• Chase — Nashville metro
• US Bank — Multiple Tennessee locations

FAQ

Do I need my EIN first?

Yes. Tennessee banks require an EIN for LLC accounts.

How much to deposit initially?

No minimum required by law, but $500-$1,000 demonstrates adequate capitalization.