Chex Systems and LLC Business Acct.

My question is two fold. I was told by a woman who worked in Capital One bank that if I register an LLC in NJ, and try to open an account with an EIN, my social security number will still prevent me from opening a business account because I went into Chex when I was unemployed and my overdrawn account was charged off. Is that true? My EIN is for a business and has nothing to do with my personal life especially when an LLC separates the two.
My other question is:
Does anyone know a bank in NJ that does not use Chex that is not Military? I was told that Capital one does not but they do. So does TD bank.
Thanks for your answers brothers and sisters.

If your EIN is for business purpose, then it has nothing to do with your personal life. Thus, I don't think you'll be prevented from opening a business account.

Thanks! Everytime I ask this question to someone in banking they tell me that they will run both numbers yet if I sent my CFO (If I had one) to open the account they would not run his SS number or mine!

When you apply for an EIN they ask for a responsible parties SSN. I have applied for many EINS for clients and everytime I have had to input someone's SSN.

From the IRS website....
All EIN applications (mail, fax, phone, electronic) must disclose the name and Taxpayer Identification Number (SSN, ITIN, or EIN) of the true principal officer, general partner, grantor, owner or trustor. This individual or entity, which the IRS will call the “responsible party,” controls, manages, or directs the applicant entity and the disposition of its funds and assets. If there is more than one responsible party, the entity may list whichever party the entity wants the IRS to recognize as the responsible party.
According to the Instructions for the current revision of the application, the “responsible party” is defined as follows:
For entities with shares or interests traded on a public exchange, or which are registered with the Securities and Exchange Commission, “responsible party” is (a) the principal officer, if the business is a corporation, (b) a general partner, if a partnership, (c) the owner of an entity that is disregarded as separate from its owner (disregarded entities owned by a corporation enter the corporation’s name and EIN), or (d) a grantor, owner, or trustor if a trust.
For all other entities, “responsible party” is the person who has a level of control over, or entitlement to, the funds or assets in the entity that, as a practical matter, enables the individual, directly or indirectly, to control, manage or direct the entity and the disposition of its funds and assets. The ability to fund the entity or the entitlement to the property of the entity alone, however, without any corresponding authority to control, manage, or direct the entity (such as in the case of a minor child beneficiary), does not cause the individual to be a responsible party.

Thanks JLB for that info, but it does not address my question regarding opening up a business account in a bank with an EIN if my SS number is in Chex. Also does anyone know a non Chex bank in NJ?

did you check MCA'S sticky in this forum?there should be one bank in NJ in there.

She removed the information because people were stealing it and using it on their own websites.
I did find it elsewhere and there was no bank in NJ except for the US Army. Banks open up here like lunch wagons in NY. There must be one out there. Odd thing is my wife opened up an account because she is not in Chex even though it was a joint account that got closed. I may have to put my business in her name I can't get an answer to my first question. I have everything ready to go but the EIN.

yeah i just noticed that as well.sorry i can't help you on this one my friend.

I thought I might refresh this from a while ago hoping that someone has an answer to these questions.

There are very few banks in NJ that don't use chexsystems period. There are only a few but if you live near a WoodForest Bank location, they now offer second chance business accounts for a monthly fee