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Updated almost 8 years ago,
Business checking account
So what is the correct terminology when opening a business checking account when asked what I do? When I answered "Real Estate Investments", it raised a red flag, and it goes to the Legal Dept. for review. I never had this before in days past when I had business checking. The banker indicated that due to a new rule a few years ago, and money laundering, the restrictions and red tape are immense. Any suggestions on terminology for what my "job" is when opening a business checking account?