I'm not yet an Ohmie but here to investigate. Your proposal is actually quite frightening to me because there is probably no faster way for the funds of this DAO to get seized beneath the thumb of the US government (and I imagine others too) than opening institutional/business bank accounts that directly deal in fiat at banks. The US Congress is already threatening to treat DeFi entities as banks via legislation, the requirements of which would be disastrous for their existence as well as privacy for those who are part of it. Reporting requirements to the federal government including names, contact info, transactional amounts would be required and, if not submitted, participants could face felony charges. These requirements would likely increase over time making it harder and harder to avoid complete government involvement.
Who would perform KYC on these customers so that the DAO could follow AML (anti money laundering) rules and assure the government that these onboarding accounts were not entry points for organized crime?
The very reason that crypto currency has enjoyed some "personal space" to grow is because there IS a technological barrier to entry and because it is a theoretical currency that falls between the cracks of the internet, coding, finance, etc. People (our legislators included) are still trying to figure out what kind of new animal this is.
I like the idea of a new distribution of wealth that the world of crypto / DeFi brings….but I think people need to work harder for it than just having it spoon fed to them on a website and fiat waiting at their disposal at a local bank at the peril of government deciding that the DAO is a security or a bank, itself and ruining the whole project for everybody. Of course, the government would love that. Think of all the tax money the DAO would add to their coffers.
On the other hand, it scares the crap out of me to think of putting a significant amount of money in here, if other DAO members can simply vote and pass ideas that imperil the existence of the project. That is thin ice.