All Forum Posts by: 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?

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?

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?

Looking for general contractors in Indianapolis, IN for fix and flips.  Interested GC's, please PM me.

Thanks!!

@Danny Carter  thank you so much!  I've been referred to them as well, so it's good to hear from more than one investor who's worked with them.  Glad to see you're in Indy, too!

@Easton G.  Thank you for the info!

@Doran Summers

Thanks I just got it - appreciate your reply to my request.

@Simmy Ahluwalia

Thank you, that's good to know.  PM me with info.