Business checking account

[Sheryl Griffin]

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?

[Whitney Tyson]

@Patrick Liska A good banker should ask what your business is! How else can they make sure they are helping you if the don't know whether you buy houses or sell toy cars. The right bank/banker, should ask the right questions in order to help you achieve your goals. But also they should make sure your are not into drug trafficking and gun smuggling lol.