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How to Manage Your Checkbook LLC

A step-by-step walkthrough for adding a bank account to your Checkbook LLC, and transferring funds from your Alto IRA to your Checkbook LLC.

IN THIS ARTICLE:

Add a Bank Account to Your Checkbook LLC

Transfer Funds from Your Alto IRA to Your Checkbook LLC

Cancel a Checkbook LLC

    Add a Bank Account to Your Checkbook LLC

    After your Checkbook LLC is active in your Alto account, the next step is connecting a business checking account to your Checkbook LLC.

    Tip: You can create a business checking account at a financial institution of your choice. You can use your LLC operating agreement and tax ID to open a business checking account.

    • In your Alto dashboard, click on your Checkbook LLC
    • Click Add a Bank Account and enter in your banking information
    • When you're done, click Save

    Transfer Funds to Your Checkbook LLC

    When you're ready to move funds from your Alto IRA to your Checkbook LLC, you can do so right in your Alto dashboard. 

    • In your Alto dashboard, click on your Checkbook LLC
    • Click Transfer Funds in the Transactions section
    • Enter your transfer information and click Submit

    Note: Your funds will be transferred as an ACH so please allow 1 - 2 business days for it to show up in your business checking account.

    Cancel a Checkbook LLC

    The Checkbook LLC IS NOT active

    If your Checkbook LLC request is still pending in your Alto account, then you may cancel it anytime in your Alto dashboard. A refund of the Account Setup Fee may be possible if we have not applied for your LLC with the state of Arizona. Please contact our support team regarding a refund.

    The Checkbook LLC IS active

    If your Checkbook LLC is already active in your Alto account, then please contact our support team to cancel your Checkbook LLC.

      Do you have more questions or need additional help with this process? Feel free to send a note to help@altoira.com or use our Contact Us form to reach one of our Client Experience Advocates.