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Pretty common with all business accounts. I get $7,500 in cash deposits free every month and get hit with a fee for anything over that. I almost never deposit cash. Most places you can avoid the fees if you have a high enough tiered account, most require $50k or more average daily balance to have no fees.Quote:
Originally Posted by def90
Other ? Is why you would ever deposit cash unless you are in retail or are getting 1099'd on it.
If you were ever in the military, go with USAA! Best bank and best customer service! Also, less fees than any bank I've ever dealt with and a very nice mobile app.
I sell equipment at retail that I buy at dealer/wholesale so yes it was a retail transaction. If this was simply a service transaction then I theoretically could have just pocketed it.Quote:
Originally Posted by mpatch
TCF Free Business Checking:
https://www.tcfbank.com/account_smal...-checking.aspx
Free for pretty much everything I do.
11 years ago, our company had USBank, and it was ONE of the first to post scanned checks online. JPM WFC follwed afterward. USBank feels like a mom/pop banks.
JPM are friendly as well. I guess WAMU M&A brushed the friendliness into them.
If you are going to do a lot of transaction, I would go with bigger bank which clients have accounts on. Clearing large amount can be faster at a same bank?
Okay so US Bank and 1st Bank are out. I'm finding that the type of business I want to start is on the No-go list for most banks. If anyone on here works in the banking industry could send me a PM and maybe give me a little direction, it'd be greatly appreciated.
USAA or Navy Federal.