Business Account Bank Suggestions?

Question

Hello all,

I’m new to the Chattanooga area and am looking for bank suggestions for a business account (and personal possibly) that has low to zero fees and would work well with property managers from my out of state investments.

Any suggestions?

Thanks!

Brian Levredge · Answer

@Nick Wehrley Banks with low/no fees on checking are Southern Heritage Bank, SmartBank, and SimplyBank.  I bank with a number of other banks in town in addition to these but off the top of my head the others are starting to get a little pricier on things accounts.  As far as functionality with ACH from a PM company you shouldn't have an issue with any bank at all.  I own a PM company, and with the exception of Wells Fargo, we don't have issues direct depositing into client accounts at all and even that issue with Wells is really with one client.

Nick Wehrley · Answer

@Brian Levredge

Great, I’ll check into your suggestions. Thanks!

Nick Wehrley · Answer

@Jeremy Hyman thanks. That’s what I meant to do. I’m on the app and can’t seem to figure out how to but your link shows the “create post” button. I’ll give that a shot

Jeremy Hyman · Answer

Hey Nick,

You may want to try and post this in the Chattanooga forum if you're looking for a local bank in that area.

https://www.biggerpockets.com/...

Good luck!