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Updated about 8 years ago, 11/07/2016
Recommendations for Bank
Hi BP,
I currently live in California and invest in Pittsburgh - we have nearly 60 units in the Pittsburgh area. Currently, we use a property manager (and subsequently their merchant bank account) to manage our finances, which gets deposited into our Bank of America account.
I'm thinking of setting up a local business checking account, but of course, the major banks that we have out here in California (namely BofA, Chase, etc) have no presence in Pittsburgh.
Does anyone have any good recommendations for a local Pittsburgh business checking account? I saw PNC, but they limit the amount of money you can deposit before they start charging fees (WTF?!?). I looked at SSB and First Commonwealth, but again, the fees seem to be very ticky-tack.
My current BofA account has no fees for anything if we keep a certain balance. The Pittsburgh banks I've looked at will not charge a monthly maintenance fee, but will continue to charge the other fees.
Anyone happy with their bank? Just a note - between despoits, bills, etc we average about 150 transactions a month, but starting to grow.
Thanks!