Ken Bates
03-22-2012, 01:10 AM
Do you deposit your fees in a Business or Personal checking acccount???
Mianstream and alternate media have been tellling us that banks are going to raise fees, which will raise the cost of banking.
Well, they were not kidding.
A few days ago I got a notice advising of an increase in monthly maintenance fees.
Up from $11 to $25 unless you maintain a balance of $10,000. That's $300 a year!!! Acceptable in good times when you are working your donkey off, but we will NEVER, EVER see those times again. Our country has been irreversibly ruined.
My wife uses a dedicated personal account with no problems. It uses her own name and does not have a business name. ( no concerns regarding lawsuits and she has a million dollar policy for her professional work which is Electrolysis for women. )
She says "cash out the business account and use your persoal account" My tax preparer say's "don't as comingling could could be a problem during a theoretical IRS audit."
How many people have their clients write checks to their own name and how many use a dedicated business account? I only need to maintain a $5,000 balance in my personal acct. to avoid fees. Bank officers are greedy Pr!3ks.
Mianstream and alternate media have been tellling us that banks are going to raise fees, which will raise the cost of banking.
Well, they were not kidding.
A few days ago I got a notice advising of an increase in monthly maintenance fees.
Up from $11 to $25 unless you maintain a balance of $10,000. That's $300 a year!!! Acceptable in good times when you are working your donkey off, but we will NEVER, EVER see those times again. Our country has been irreversibly ruined.
My wife uses a dedicated personal account with no problems. It uses her own name and does not have a business name. ( no concerns regarding lawsuits and she has a million dollar policy for her professional work which is Electrolysis for women. )
She says "cash out the business account and use your persoal account" My tax preparer say's "don't as comingling could could be a problem during a theoretical IRS audit."
How many people have their clients write checks to their own name and how many use a dedicated business account? I only need to maintain a $5,000 balance in my personal acct. to avoid fees. Bank officers are greedy Pr!3ks.