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How much does it cost to start a bank?

By - Feb. 20, 2023

Banks generally need anywhere from $10 million to $150 million as start-up capital. Starting a bank is an extremely expensive endeavor. It is also a difficult business to get into, and on average, there are only 20 applicants to start banks in the US each year.

The process to start a bank takes around a year and a half and requires a lot of commitment and a lot of money. To start a bank, you need to raise enough capital to fund the bank's operations. This can be done by finding investors and having money yourself.

Expenses for starting a bank include the initial money for leasing a location and paying for the required permits and licenses. The largest part is providing basic funding for starting up the investments of a bank. Typically, the money you need to start a bank stays tied up within the bank for at least five years.

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