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Updated over 4 years ago on . Most recent reply

User Stats

93
Posts
42
Votes
Sean Julian
  • Rental Property Investor
  • Porter, TX
42
Votes |
93
Posts

Choosing a bank account for my LLC.

Sean Julian
  • Rental Property Investor
  • Porter, TX
Posted

I have been using Bank of America as my business checking account for my rental property.  They just raised the minimum balance to $5000.  When I have more than one property, that'll be fine, but with just one property, it seems to be a waste of money to have cash in that account instead of an interest account.  Do I switch accounts to a local bank, an online bank like Blue Vine, or stick with what I have?  Thanks all!

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