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2016-01-12 03:54:45 Post No. 1037999
Post No. 1037999
I'm starting a business in next few months. We'll be making a consumer product (essentially building it ourselves) and we need to create a business account(s) to have all our inbound and outbound cash go through.
With the industry/product we're launching, startup costs are extremely low; think of something like a business that builds custom PCs. Essentially the only expenditures other than paying our salaries is buying the components and shipping them to customers. Because of this, we're dealing with startup money of a few thousand/a few tens of thousands of dollars. This means we can't afford ridiculous transaction fees, daily minimum balance requirements, monthly service fees, etc.
Do any of you have experience with business accounts? Any recommendations?
Pic unrelated. Ridiculously beautiful Maui last summer. I'd never been before, and being from the Southwest it's just stunning how different the environment is there.