Out of State LLC - Where to open Bank Account?

[Daniel Kong]

Hello. So I live in Hawaii, but recently purchased a rental property in Indiana. I plan to transfer the property into my Indiana LLC. My question is, should I open my business bank account in Indiana, or can I register my Indiana LLC here in Hawaii and just open a business bank account here in Hawaii. Just wondering if there is any upsides or downsides to doing it either way. Thanks in advance!

[Patrick Liska]

Either one is fine, is your bank in Indiana ? if not, that still is not a big deal. My properties are in another state and i use a bank in town, they also have all my mortgages, i feel if they are giving me the mortgages i may as well bank with them, that also helps for loans when you need them. you can pretty much do all your banking online nowadays, so it's easy to access the funds.