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Which type of Business bank account should I get? Need your insight!

Discussion in 'BlackHat Lounge' started by hateandbreak, May 7, 2012.

  1. hateandbreak

    hateandbreak Supreme Member

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    So hey guys, I desperately need to get a business bank account because
    honestly I can't keep using my personal account over at Wells Fargo now
    that I'm picking stuff up in my business, I need to be organized and etc etc.

    My friend told me to check out chase, and their deals look nice except the monthly
    fees if I don't have a balance of $7500 or more. I'm not making that much, yet. It says:

    [SUP]3[/SUP]
    Qualifying personal accounts include Chase Premier Checking
    [SUP]SM[/SUP]
    (available through February 5, 2011), Chase Premier Plus Checking
    [SUP]SM[/SUP]
    (available February 6, 2011), Chase Premier Platinum Checking
    [SUP]SM[/SUP]
    and Chase Premier Platinum Asset Management Account
    [SUP]SM[/SUP]
    (available in certain markets only).
    I'm assuming if I open a personal checking account here as well, I can have the business
    checking accounts fee waived?

    Anyways, what are your suggestions for getting a business checking account? I'd be
    more then thankful if you could provide insight on what's best to manage business
    expenses and such.

    Best,
    Saul

    :)
     
  2. JimmyWong

    JimmyWong Registered Member

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    Here's my 20 cents...judging by what you've just said (don't have $7.5k) chances are you don't actually need a business bank account at all. Just setup another standard account.

    Managing business expenses is all down to your organisational skills and discipline as a person, not having a fancy card. That's the way things are in the UK anyway.

    Excel is your friend. As are files and folders. Spend several hours a week keeping records.

    Good luck in whatever you do.
     
  3. hateandbreak

    hateandbreak Supreme Member

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    Appreciate the insights. ;)