Question: Transfer of money when changing EIN #
Our PTO is applying for a new EIN# and incorporating this time around (our old EIN # fell out of the system). Can the bank simply update the EIN # on our checking account or will this cause huge problems?
Asked by Anonymous
Advice from PTO TodayCraig writes:
It's a matter of bank policy. Check with your bank to see whether they will do that. If so, that's probably the best and easiest solution for your group.
Community Advicegjcoram writes:
We updated our EIN with our bank, no problem. (The IRS had no record that our old EIN had been issued ...)
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