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Updated about 5 years ago,

User Stats

82
Posts
56
Votes
Simone Johnson
Pro Member
  • Rental Property Investor
  • Atlanta, GA
56
Votes |
82
Posts

Do you have more than one bank for your LLC?

Simone Johnson
Pro Member
  • Rental Property Investor
  • Atlanta, GA
Posted

Hi!

When starting out, would it be better to get two business bank accounts (with credit cards) to increase your business credit and have access more money?

I’ve looked at Chase, Suntrust (Soon to be Truist after the BBT merger), Wells Fargo and BofA.

I’ve learned that I will need at least two years before I can apply for a business line of credit. I do have a healthy credit score and was wondering if I opened two accounts and applied for two cards on the same day, it would help me to have more access to my own capital.

Is this discouraged? Or has anyone ever done that to start?

Thanks.

  • Simone Johnson
  • Loading replies...