Business Bank Accounts

[Alicia Larkin]

Hi! Newbie here! I live in MA and am under agreement for a STR in San Antonio Texas. I need to open a Business Bank Account and I’d like advice on where to look. Do I use one of the online banks? Do I look at a local one like Middlesex Savings where I could build a relationship with a banker or do I open one with Bank of America which is where I’ve banked for 30 years. My concern is their fees. I’m looking for ease of online banking.

[Yanik Parsch]

Quote from @Alicia Larkin:

Hi! Newbie here! I live in MA and am under agreement for a STR in San Antonio Texas. I need to open a Business Bank Account and I'd like advice on where to look. Do I use one of the online banks? Do I look at a local one like Middlesex Savings where I could build a relationship with a banker or do I open one with Bank of America which is where I've banked for 30 years. My concern is their fees. I'm looking for ease of online banking.

Hey Alicia, welcome! For managing an STR remotely, having strong online banking tools can make a huge difference. Some people go with traditional banks like BofA for familiarity, but fees and limited business-focused tools can be a headache. Local banks can help if you want in-person support, but that's not always convenient from out of state.

I’ve found that solutions designed for small business and rental owners can save a lot of time—things like easy online payments, integrated expense tracking, and simple account management. Tools like Baselane Smart, for example, are built for property owners and can streamline both banking and property-related finances without the usual bank fees or extra hassle. Makes handling everything from out of state a lot simpler.