I need a Small Business Checking Account, that requires a low minimum balance?
I need a Small Business Checking Account, that requires a low minimum balance?
I have my own small business, and would like to open a checking account specifically for the business. However, it seems like most banks require a ton of money be kept in there as a minimum balance. Are there any small business checking accounts that have little or no minimum balance requirements?
I live in New York City
Answers:
PepsiLime: Mind telling us where you live?
2007-08-29 16:18:42
2007-08-29 16:18:42
Chosen Answer
Damn_ I'm_good: Thats to avoid service charges. The minimum balance in any business account is a penny. They require larger minimums for business to avoid service charges, because the nature of business is to process a TON of transactions, and someone has to pay for it...
2007-09-02 15:11:18
Damn_ I'm_good: Thats to avoid service charges. The minimum balance in any business account is a penny. They require larger minimums for business to avoid service charges, because the nature of business is to process a TON of transactions, and someone has to pay for it...
2007-09-02 15:11:18