Which Bank do you use to open multiple accounts for each LLC in your portfolio

[Sainath Muntha]

Hello BRRRR Investors!

I am looking for advice and your experiences on which bank you use for your real estate investments?

Here is my situation:

I open an LLC for each of my investment properties and for each LLC I need a bank account.

I do not want to go down the route of using a traditional bank and open a new bank account with say Wells Fargo unless I have to.

I have tried baseline banking which allows you to open one "account" and have multiple accounts within that (one for each LLC). I have however run into issues like transfers being rejected by Baseline (from one of my own accounts in a traditional bank) when all the information is correct. Baseline customer service was of no help.

I want to understand what products do you use? And how has your experience been?

Thank you in Advance!

[Max Emory]

Hi Sainath, check our Relay bank. I don't personally use them but I've heard good things. They allow for a lot of accounts and don't charge extra fees.

Also, heed what @Bill B. said. Don't commingle between your different entities. This defeats the purpose of having entities for protection.

I'm happy to discuss further.