Need a good corporate bank for LLC

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
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Topic Author
Prahasaurus
Posts: 151
Joined: Fri Mar 29, 2019 1:02 am

Need a good corporate bank for LLC

Post by Prahasaurus » Fri May 03, 2019 11:43 pm

Hello, I'm American, living outside of the USA. I have a company based in the EU. I'm planning on opening a US based LLC (most likely in Delaware), probably an S Corp, later this year. Eventually I will move back to the USA.

My question is corporate banking. I have a Wells Fargo personal account for historical reasons. Not really happy or disappointed with the account, and I only use it as a transit account, e.g. to move USD into Vanguard, cash when I'm in the USA, etc.

I'm looking to open a corporate bank account linked to my LLC. I definitely do not want it at Wells. Any suggestions? Most of my clients are outside of the USA, so minimal bank fees for international wires would be a huge plus. As well as low ATM fees when abroad. But mainly interested in good service, no hassles, excellent internet banking.

Thoughts? Thanks!

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JD Leonard
Posts: 37
Joined: Wed Feb 20, 2019 6:13 pm
Location: Jersey City, NJ

Re: Need a good corporate bank for LLC

Post by JD Leonard » Fri May 03, 2019 11:50 pm

I have used Wells Fargo business banking for two different LLCs. No major complaints. Why don't you want to use Wells Fargo?
- JD Leonard

ccieemeritus
Posts: 628
Joined: Thu Mar 06, 2014 10:43 pm

Re: Need a good corporate bank for LLC

Post by ccieemeritus » Sat May 04, 2019 12:05 am

I recently compared Chase vs Bank Of America for a LLC business account. I chose Chase because they had a lower minimum balance without fees. This was in CA. I did not consider Wells Fargo at the time (and would be reluctant to do so due to last year's account scandal).

Topic Author
Prahasaurus
Posts: 151
Joined: Fri Mar 29, 2019 1:02 am

Re: Need a good corporate bank for LLC

Post by Prahasaurus » Sat May 04, 2019 12:16 am

Does Schwab do corporate banking? I've heard good things about them...

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