Last week, I had to open a new checking account specifically for my business, and ended up going with a totally different bank than I would have originally thought.
I use Bank of America for my main personal checking, mostly because they’re all across the country and, even though I hate going, there are two ATMs within 5 or 6 minutes of my house. But when I went to check out their business checking options, they were severely limited.
They didn’t have a free business checking account — all of their business accounts had fees I’m not willing to pay.
I did a little research, and found out that SunTrust, which operates banks in the mid-Atlantic and south, has an absolutely free business checking account. Conveniently, there’s also a SunTrust within walking distance of my house.
So, that got me thinking: why did you choose your bank?
I chose SunTrust because they had no fees and a close location. What about you? Answer the poll below and then let me know why in a comment.
About the author: Jason is the author of Automatic Finances: 17 Days to Your Financial Freedom, a guide to automated money management. He started investing thanks to a free lunch, and after finding out how he was getting the short end of the stick, he sought out how to do it right. More »