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Redwood Credit Union, B of A, and Wells Fargo

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I have been lurking in this forum for a while, just signed up because I was to forward this information to you folks who could use it


I have two corporations. for the purpose of this post I will call one Corporation A and the other Corporation B



Personally I am on chex systems from monthly bank fees adding up after I stopped using the account 3 years ago.


Last year in June when I formed Corporation A (a C-Corp) and received an EIN from the IRS, I applied with B of A online for a corporate account.

It was approved.

They called and asked me to come in to do the signature cards (I sent the articles, etc online by pdf when applying)



Three Months Later they closed the accounts after an internal review (was not overdrawn and had a $9,000 balance). Took 21 days to get the money from the account.


****Sneaky feeling it was from a report Wells Fargo made on me personally



--This Year I formed Corporation B (a C-Corp) and received an EIN from the IRS, I applied for a Redwood Credit Union account in branch and was approved.

They did not ask for my social security number when I went into the branch. Just my license. Have had NO PROBLEMS what so ever


and just out of curiosity, I pulled up the pdf application from redwood credit union for business accounts.

It says that they

only need Tax ID numbers of the account signers for identification purposes ONLY




Please See Image From my Blog with RCU Application Screen Shot


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I think you need to make it public. I clicked your link and said I didn't have permission.

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Good info. Just note my comments in the post before yours. Anytime you are on Chexsystems you may be vunerable to another future closure or freeze. You should have a backup and proceed with caution.


Note: They do not need your SSN to pull your personal file. As long as they have any other identifier (DOB, etc.).

Edited by tmcgill

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