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Updated over 6 years ago on . Most recent reply

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Raymond Hunce
  • Real Estate Broker
  • Baltimore, MD
3
Votes |
14
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Business Bank Account in Baltimore or Harford County, MD

Raymond Hunce
  • Real Estate Broker
  • Baltimore, MD
Posted

Hi all, 

My partner and I went to set up our business bank account nearby where he lives (Harford, MD 21085), at the Navy Credit Federal Union but due to technical reasons (me being a partner and no longer being in the military or other Dept. of Defense job), we weren't eligible to do so there. Would anybody here recommend opening a business bank account in a certain bank (i.e. very few/low fees, etc...), or to ask another way, any banks to definitely avoid in regards to opening a business bank account (we want to flip and buy & hold single or multi-family residences in the Baltimore and Harford areas, just in case the kind of activity effects the recommendation)? Any recommendations would be greatly appreciated. 

Thank you,

Ray

Most Popular Reply

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2
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3
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Erich McCaskill
  • Joppa, MD
3
Votes |
2
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Erich McCaskill
  • Joppa, MD
Replied

@Raymond Hunce you may wish to consider Damascus Community bank the closest branch to Harford & Baltimore counties is in Carrol County Md. 201 East Ridgeville Blvd. Mount Airy, MD 21771

They are listed as an REI friendly bank small enough to establish direct relationships in the business and loan departments. But big enough to get the job done in the lending arena. I discovered this while doing research on REI banks.  My own contact with them is through a personal loan for my RV only.  I have driven to that branch from Joppa, Md myself on several occasions on an infrequent basis not a bad drive. If you needed a bank with frequent direct contact you may need a different institution.  Good luck

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