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Updated 13 days ago on . Most recent reply

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Ari Dandridge
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What bank should I use for a checking account for a Real Estate LLC?

Ari Dandridge
Posted

Hello Bigger Pockets community! I have a question for anyone who's willing to answer. I'm concerned about which bank I should use for this business LLC. I'm currently leaning toward Chase Bank with US Bank as a close second. Unfortunately I've heard that US Bank gets tricky when moving large amounts of money so I'm wary of working with them. I'm also crossing Fifth Third off the list of banks I want to use because I don't believe they are user friendly.

If anyone has recommendations or advice it would be much appreciated.

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Bryce Jamison
#1 Starting Out Contributor
  • Rental Property Investor
  • Mebane, NC
388
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422
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Bryce Jamison
#1 Starting Out Contributor
  • Rental Property Investor
  • Mebane, NC
Replied

Agree with @JD Martin & @Chris Seveney. The delta between the best and worst options isn't that big. Having lots of physical branches is a big plus though. I personally use Chase and am very happy.

I get concerned when I see a question like this because I worry folks are putting energy into low impact decisions instead of the big impact decisions like finding the right area to invest in and getting properties at the right price. I also often see on these forums questions like this and "do I need an LLC" be barrier to entry to invest. Don't let picking the right bank be what's stopping you from getting started.

  • Bryce Jamison
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