Bank Account for Rental Money

[Joseph Crunkilton]

All, 

I am looking at closing on my first rental property in the middle of next week. I am finishing up insurance and looking to open a specific checking account for the property. I was planning on just using my normal bank (Chase) since they handle my other funds. 

Do you recommend this or would you use a smaller bank? I'm curious if there's any benefits to the latter. I am planning on getting into some flips and multifamily in the future. Not sure if there's rewards or potential benefits to using a smaller bank. 

Thanks for the help everyone