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Which banks are the best and most flexible in terms of creating multiple accounts (e.g. Income, Profit, Tax, etc.) without charging fees?

By Profit First Accounting in 28 May 2024 | 05:21 pm
Profit First Accounting

Profit First Accounting

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Profit First readers have had great success with credit unions and community banks. Usually there are no fees and no balance requirements at credit unions, community banks and some regional banks.


As you setup multiple everyday or savings accounts, some bankers will look at you crossed eyed (because most businesses don't do Profit First.... yet). Don't let that phase you, the banker simply doesn’t understand the process.


Just setup the multiple accounts and make sure that you won't incur fees as a result, even when your balance goes to zero in certain accounts at times. If the bank insists on charging fees and minimum balances, consider a differentbank.

28 May 2024 | 05:21 pm
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