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Updated almost 4 years ago,
Best bank accounts for multiple properties
I am about to close on my 10th property and in advance of that I have used Anderson advisers to get my entity structure set up for asset protection and anonymity which includes having each property in a land trust and a separate LLC for each property. Each property is worth at least 150 K. So now I am finishing this work and need to create a bank account for each entity, however, I bank with Fidelity investments currently and I have loved using them for the consumer side but their business banking lacks the ability to pay bills, cut checks, and I have to make a phone call to wire money. It's not that big of a deal with just a few properties but even creating a account for each property I have to print paperwork out and fax it in or mail it in which is really not scalable. So I'm reaching out to the community to find out who you use for business banking that has all of the features that you expect but also is easy to create Multiple accounts within one login so you can transfer money easily.
I would really like to use a local credit union but their technology is mostly antiquated and cumbersome to create multiple accounts and access all of that data on a mobile device.
Criteria I’d like:
1. Ability to add multiple accounts easily within the one login
2. Ability to move money between accounts online (web and mobile)
3. Bill pay, check cutting, wire transfers
4. Mobile app for standard purposes including depositing checks
5. Low / no fees for minimum balances or max transactions
Any references or insights are appre