[Board] Banking

Luke Schierer lschiere at users.sf.net
Mon Nov 6 07:53:24 EST 2006

On Fri, Nov 03, 2006 at 01:00:08PM -0800, Sean Egan wrote:
> After we all agreed to open an account at Bank of America, I
> discovered that it is next to impossible to open an account in
> Washington state. Washington requires that I have a license to
> practice business in Washington, which isn't something we wanted to
> have to deal with.
> The lawyers called BoA and found out I could open an account over the
> phone in Delaware and than access it from Washington. However, it
> turned out that DE is one of the few states that we can't open an
> account over the phone in.
> I looked at every national bank in Seattle, and not one of them had
> branches in Delaware.
> The lawyers said it was ok to get an account anywhere, so I asked
> Ethan to see if we could get an account in Indiana without a license.
> He went to CharterOne this morning, equipped with our incorporation
> papers and EIN (like a social security number for corporations), and
> determined it is possible to get an account.
> Since we need to start paying people real soon, I propose we open an
> account in Indiana as soon as possible, and nominate Ethan as our new
> treasurer. Any nay's?
> -Sean.

Banks tend to be fairly regional, we are fairly spread out.  This is
unavoidable.  Go ahead with the CharterOne bank and Ethan as treasurer.


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