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-   -   Personal or Business Bank Account? (https://gfy.com/showthread.php?t=424509)

MF Doom 01-30-2005 02:44 PM

Personal or Business Bank Account?
 
Do you have a personal or business bank account? if you have a business bank account, do they charge a fee for the account each month?

GFED 01-30-2005 02:45 PM

Business Checking... $15/month if less than $5k held...

VidTec 01-30-2005 02:50 PM

Business Account
 
Go business account for the tax and liability reasons alone. Wachovia has a business account promotion now with no fees for 6 months with no min balance.

tony286 01-30-2005 02:51 PM

we have both and yes they charge a fee

hennessy 01-30-2005 04:17 PM

I have both as well.

Have all the income you make go to the biz and when you need money, write a check from the biz account to your personal account.

Will save you a LOT of headache come tax time.

Sheri Santiago 01-30-2005 04:18 PM

I have several biz accounts, some charge, some do not.

Mr. Mike 01-30-2005 04:40 PM

Both. I get charged.

Johny Traffic 01-30-2005 04:41 PM

I have both

andrej_NDC 01-30-2005 04:41 PM

both, almost for free

slapass 01-30-2005 04:42 PM

Business accounts suck but what can you do, You have to have them.

MachineHead 01-30-2005 04:45 PM

Business - small monthly fee

bdld 01-30-2005 05:01 PM

i'm in the same boat, about to get a biz bank account to make taxes easier.

Peaches 01-30-2005 05:36 PM

I have both (actually 1 business and 3 personal) and most banks don't charge a fee if you keep a reasonable minimum balance.

swedguy 01-30-2005 07:19 PM

$10 on my Business account and no fee on my Personal account.

flashfire 01-30-2005 07:20 PM

I just stick with a personal account, works for me

cool1g 01-30-2005 07:27 PM

Washington Mutual has free business checking with no minimum balance requirements.

MarkTiarra 01-30-2005 08:06 PM

Quote:

Originally Posted by MF Doom
Do you have a personal or business bank account? if you have a business bank account, do they charge a fee for the account each month?

Commerce Bank - free biz checking. YOu should have a corp and a personal where you pay your own salary too. Keep everything in proper order - get an accountant, do it right. You'll save yourself a bundle in the lonf run by a little organization and spending in the short run.


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