A Separate Bank Account Isn't Needed for Your NFA Gun Trust
With our NFA Gun Trusts you don't need to setup a separate bank account for your NFA Gun Trust. This should also be true about most NFA Gun Trusts. In order to purchase new NFA Firearms with your NFA Gun Trust, you don't need to pay from a bank account that bears your trust name. To pay for your tax stamp with the ATF they will accept a few different forms of payments. The accepted forms of payment by the ATF are as follows: Check, Cashier's Check or Money Order, Visa, MasterCard, American Express, Discover, or Diners Club. If you plan on paying with a check, cashier's check or money order, remember to enclose that form of payment with your ATF Form 1, ATF Form 4, ATF Form 5 paperwork. The credit card form of payment information will be entered on the form itself.
With our NFA Gun Trusts you aren't limited to purchasing only NFA Firearms with it. If you want to use your NFA Gun Trust to purchase Title 1 Firearms you can. Title 1 Firearms are defined as below:
"Title I firearms are ordinary rifles, pistols, revolvers & shotguns. Title I firearms can be owned by citizens and can be built by citizens." - Excerpt from - What is a Title 1 Firearm? What is a Title 2 Firearm?
In this case, you still won't be required to pay for your Title 1 Firearms with a separate bank account that is established by the trust. You can pay with any method that the website or FFL dealer that you are buying from accepts. Most websites and FFL dealers accept common payment methods.
In summation, if you are using our NFA Gun Trust and most NFA Gun Trusts, you aren't required to setup and establish a separate bank account to purchase your NFA Firearms or your Title 1 Firearms with your NFA Gun Trust.
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