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Ok everyone I took the advice here and just opened up my LLC. So my next question is what is the best Bank or Credit Union to have a business checking account and future credit/loan relationship with? I am member with Penfed (they are tight with me though) NavyFed (which is awesome, CC, and Auto Loan already with personally) but I am wondering who is the best to have a business checking account with?
I will be PG'ing the LLC so not worried about Non PG stuff rigth now, what does everyone here suggest? Should I go with NavyFed? How is there business products?
Would local banks be better? I have Regions, ORNL CU, BB&T, etc?
Also, is there a time limit I should wait before PG'ing my LLC?
Thanks to everyone for the help.
@chris288 wrote:Ok everyone I took the advice here and just opened up my LLC. So my next question is what is the best Bank or Credit Union to have a business checking account and future credit/loan relationship with? I am member with Penfed (they are tight with me though) NavyFed (which is awesome, CC, and Auto Loan already with personally) but I am wondering who is the best to have a business checking account with?
I will be PG'ing the LLC so not worried about Non PG stuff rigth now, what does everyone here suggest? Should I go with NavyFed? How is there business products?
Would local banks be better? I have Regions, ORNL CU, BB&T, etc?
Also, is there a time limit I should wait before PG'ing my LLC?
Thanks to everyone for the help.
For me, I am debating on if I should stay with Wells Fargo, or move to Fifth Third Bank. Most of the banks you listed are not really available in my area, but to be honest it does kinda depends on your workflow, if you plan on going to branch, etc. Call and talk to each bank and see what they have to offer for business accounts.
BBT from your list
Navy business is a pain to get set up but if you have local branch probably much easier.
they are much tougher than personal.
id only bother if you have local branch.