Here's a link to the online bank that can help people located overseas: mercury.com/
@jacquilineg3122
Жыл бұрын
Please advise about the business credit card. Thank you Elizabeth
@ElizabethPW
Жыл бұрын
I generally recommend having an AmEx card and also one other MC/Visa card for the places that don't take AmEx (shop around for who is offering good rates, and also check out the bank where you are currently banking)
@Nigjutsu
Жыл бұрын
Wonderful information you have given me, your clarity in explaining things is much appreciated! What about American Express? I see many offers for business accounts with them as well as Chase. I feel like they could be great opportunities as well.
@ElizabethPW
Жыл бұрын
Yes I agree that AmEx is also a great solution -- I use them for credit cards and savings. They are great for credit cards especially because they tend to favor the card holder in any disputes. I agree that AmEx and Chase are good options to research, especially if you have a personal banking relationship with them already.
@dross0123
Жыл бұрын
What should one do with a deposit that was required for account opening if that deposit came from personal checking?
@ElizabethPW
Жыл бұрын
The initial deposit from the owner's funds into an LLC/Corp checking account would usually be tracked as their "capital contribution" (like buying the stock or membership shares of the business)
@vv-je5ny
Жыл бұрын
Bank of the west has only 1 person in each branch in the bay area with no experience on llc and holding structures to open business accounts
@ElizabethPW
Жыл бұрын
Ah thanks for sharing your experience, yes it seems like all the banks are severely reducing their in-person staff
@enekneya7378
Жыл бұрын
Great information and explained well!! Is it normal that with Business Accounts that you agree to acknowledgement of Statutory Lien language?
@enekneya7378
Жыл бұрын
Also, what is your thought on PNC Bank?
@ElizabethPW
Жыл бұрын
Hm I don't know, does it have to do with a loan or credit line?
@ElizabethPW
Жыл бұрын
One aspect of PNC Bank is they are closing many (most?) of their branches to focus on mobile/online banking. So if you want an in-person bank, they may not work out
@enekneya7378
Жыл бұрын
@@ElizabethPW That is one of the boxes you have to check to open an account with NFCU
@RickFarris
7 ай бұрын
What about the American Express Business Checking Account?
@ElizabethPW
7 ай бұрын
I have not personally used their check account but I do like their merchant accounts and credit cards, so it is something to try
@vv-je5ny
Жыл бұрын
Credit union most due a hard credit check to open bus account
@ElizabethPW
Жыл бұрын
Strange that they do a hard credit check on a business account!
@gavinyip5235
11 ай бұрын
A non-resident has already registered a corporation in CA, can he open a bank account while he is out of country, he can't go to bank branch in person.Thank you.
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