Business Vs Personal Bank Accounts

[Sanjeet Dighawa]

Hello,

I am new to real estate world and working on closing my 1st deal thanks to all the tips and tools shared by you awesome folks here!

Please help me with this - is it important to open a business checking account for income and expenses? why this cannot be achieved through a separate (dedicated) personal checking account? I see all banks imposing a transaction fee after a certain number of transactions. I am just trying to find out if this is a cost that can be avoided or not.

Thank you,

Sanjeet.