Profit First readers have had great success with credit unions, community banks, and some regional banks. Often, there are no fees and no minimum balance requirements at these smaller institutions.
As you open multiple checking or savings accounts, some bankers may look at you cross-eyed (because most businesses don't do ...yet.) Don't let that phase you; the banker simply doesn’t understand the process. Just open the multiple accounts and make sure you won't incur fees as a result, even when the balance in certain accounts approaches or goes to zero at times. If the bank insists on charging fees and requiring minimum balances, consider a different bank.
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