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Updated over 4 years ago,

User Stats

94
Posts
24
Votes
Ryan K.
  • Investor
  • Eagle, CO
24
Votes |
94
Posts

Business banking for rental properties?

Ryan K.
  • Investor
  • Eagle, CO
Posted

I have 3 rental units, owned and financed under my own name. It's definitely a small business; I am the only employee and sometimes my wife. I feel like it will make it easier to track revenue and expenses if I separate it from my personal accounts.

1. I would like a checking account for regular debits/credits and a savings account, to hold security deposits.
2. 3 units have monthly revenue (and security deposit amount) of $5500, for an idea of account minimums.
3. I would like the greatest interest-bearing accounts, no monthly/annual fees.
4. Credit/debit card and remote check deposit. Physical locations is a low priority.

Does anyone have a banking recommendation?

Anyone ever use First Internet Bank?

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