Schwab Organization Account for Small Business

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills.
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FromAto401k
Posts: 66
Joined: Tue Feb 14, 2023 6:33 pm

Schwab Organization Account for Small Business

Post by FromAto401k »

Hi All,

For my new business I'm looking for what will essentially be an operating account to receive payments. Most business expenses/costs will be paid by credit card, which I will then pay off from the operating account. Meanwhile, excess funds can be invested.

Any downside to doing this through a Schwab Organization Account? I try to avoid the big brick & mortar banks (Chase, BOA, WF, etc.) as much as possible.

I'm aware of the $250k relationship minimum. I'm all set there.

Thanks!
corduroysuit
Posts: 150
Joined: Fri Jan 05, 2024 8:16 pm

Re: Schwab Organization Account for Small Business

Post by corduroysuit »

Did you ever get going with this? I'm curious about the Organization Account, and if you are happy with it.
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