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#2239355 - 07/09/20 06:48 PM EIN vs SSN
Parrot Mama Offline
Member
Joined: May 2008
Posts: 86
What are your thoughts on opening accounts for individuals using an EIN instead of their SSN? At my bank loans are always under the SSN but we see accounts under the EIN. Just trying to get a general rule of thumb on what is correct. EIN for individuals is for employment taxes, not as identity?

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General Discussion
#2239357 - 07/09/20 07:31 PM Re: EIN vs SSN Parrot Mama
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
You always use the SSN of an individual for banking purposes.
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#2239363 - 07/09/20 07:50 PM Re: EIN vs SSN rlcarey
Parrot Mama Offline
Member
Joined: May 2008
Posts: 86
Thank you!

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#2239371 - 07/09/20 09:00 PM Re: EIN vs SSN Parrot Mama
RockChucker, CAMS Offline
Diamond Poster
Joined: Jul 2013
Posts: 1,700
The Country
I agree with Randy as usual. I can't think of an instance where you wouldn't use an SSN or ITIN for an individual.
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A successful man is one who can lay a firm foundation with the bricks others have thrown at him.
-David Brinkley

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