Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

130
Posts
63
Votes
Sheryl Griffin
  • Investor
  • Arizona
63
Votes |
130
Posts

Opening a business checking account

Sheryl Griffin
  • Investor
  • Arizona
Posted

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.  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?

  • Sheryl Griffin
  • Loading replies...