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Updated over 7 years ago on . Most recent reply

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Lindsey Crawford
  • Springfield, TN
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17
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Best place for a business checking account and why?

Lindsey Crawford
  • Springfield, TN
Posted
Does anyone have a good suggestion for who to open a business account with for my new LLC? I've read articles but want real world relatable! Who do you recommend and why? Lindsey

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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
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10,252
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

As a Veteran, Chase offers free premium accounts (no monthly fee, free checks, free cashier's checks, etc) and has national presence, of course.  I would recommend Veterans look into Chase.  

I also have a small community bank business account.  I have 18 in a small town and the tenants just walk down the street and deposit directly.  The tellers keep a stack of deposit slips for me under the counter.  For that, the tellers get a nice holiday treat and card from me every year.  It also has no monthly fee, but I pay $35 to order checks.

I wouldn't bank with Wells Fargo if they paid me.  Ethically and morally their business practices make me wanna puke. 

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