How To Start Your Own Bank Using American Express Business Credit Cards?

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Houston Mcmiller

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Shared November 25, 2020

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How To Start Your Own Bank Using Business Credit Cards?
In This Video, I'll show you, how to start your own bank using business credit cards.

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Can you create your own bank?
If so, provided that you have enough money, a good business plan and the patience to make it through the regulatory process, you could actually start your own bank. ... "The U.S. is the only industrialized nation in the world where a group of citizens can start a bank," explains Edward J.

How to Form a Corporation
Choose a Business Name. ...
Check Availability of Name. ...
Register a DBA Name. ...
Appoint Directors. ...
File Your Articles of Incorporation. ...
Write Your Corporate Bylaws. ...
Draft a Shareholders' Agreement. ...
Hold Initial Board of Directors Meeting.

Get documents you need to open a business bank account
Employer Identification Number (EIN) (or a Social Security number, if you're a sole proprietorship)
Your business's formation documents.
Ownership agreements.
Business license.

Key Moments In This Episode
00:28 HOW TO START YOUR OWN BANK WITH BUSINESS CREDIT CARDS
02:02 SETUP YOUR CORPORATION
03:20 OPEN BUSINESS BANK ACCOUNT
04:15 MAKE WEEKLY DEPOSITS
07:11 0% INTEREST CREDIT CARDS
07:29 TRANSFER CREDIT CARD BALANCE TO BUSINESS BANK ACCOUNT

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