Lawn Care Business Forum Lawn Care Business Book Lawn Care Business Blog Lawn Care Software
Home Forum Contract & Flyer Templates Blog Software Videos Podcast Calculators / Estimators Store Mower Review Design It Yourself Lawn Business School

Go Back   GopherHaul Landscaping & Lawn Care Business Marketing Forum > Lawn Care, Landscaping, and Property Management Forums > General Talk

General Talk If it doesn't fit anywhere else, post it here.

Bank Account Problem


General Talk

If it doesn't fit anywhere else, post it here.
Reply
 
Thread Tools Search this Thread
  #1  
Old 02-11-2012, 02:47 PM
CHEESE2009 CHEESE2009 is offline
Dr. Scott - Ruler of the Underworld
 
Join Date: Mar 2009
Location: Switzerland, Grindelwald
Age: 75
Posts: 4,473
Rep Power: 0
CHEESE2009 is on a distinguished road
Exclamation Bank Account Problem

I opened a new account with a different bank, as they seem to be able to offer more.. or so I had thought.

1. I was able to open checking account with them.

2. I would also like to open a savings account.

3. They said if I open a savings account, I will lose my checking account.

Why?

This doesn't make any sense to me. The reason I wanted to switch was to gain higher interest on my money which is being saved. Apparently if I do, I lose my ability to have a checking account.

Any former bank employees want to explain this to me?

Just opening this new account cost me $2K.
Reply With Quote

Stop guess-timating. Learn how to estimate and make money! $$$
Mow Time Estimator Lawn Care Price Estimator Mulch and Topsoil Calculator Snow Plow Estimate Calculator


  #2  
Old 02-11-2012, 03:57 PM
TiedemanLLC TiedemanLLC is offline
Senior Member
 
Join Date: Dec 2011
Posts: 226
Rep Power: 5
TiedemanLLC is on a distinguished road
Default

Lawn care business tipsLawn Care Business Book
Quote:
Originally Posted by CHEESE2009 View Post
I opened a new account with a different bank, as they seem to be able to offer more.. or so I had thought.

1. I was able to open checking account with them.

2. I would also like to open a savings account.

3. They said if I open a savings account, I will lose my checking account.

Why?

This doesn't make any sense to me. The reason I wanted to switch was to gain higher interest on my money which is being saved. Apparently if I do, I lose my ability to have a checking account.

Any former bank employees want to explain this to me?

Just opening this new account cost me $2K.
Wow that is crazy! All of my checking accounts, both business and personal have savings account.

I will give you some advice though, search around online for savings accounts with great interest. I know that right now interest rates are not great. I personally use ING Direct. I have also hear that Ally is anther good one.
Reply With Quote
  #3  
Old 02-11-2012, 04:22 PM
picframer's Avatar
picframer picframer is offline
Andy
 
Join Date: Jan 2009
Location: Halifax, Nova Scotia
Posts: 2,885
Rep Power: 11
picframer will become famous soon enough
Default

Must be a credit union you are dealing with, I have 16 years working in the banking industry and what you are being told is not the case, go to TD Canada Trust, they will take very good care of you.
__________________
Andy
Halifax, Nova Scotia
Reply With Quote
  #4  
Old 02-11-2012, 04:45 PM
CHEESE2009 CHEESE2009 is offline
Dr. Scott - Ruler of the Underworld
 
Join Date: Mar 2009
Location: Switzerland, Grindelwald
Age: 75
Posts: 4,473
Rep Power: 0
CHEESE2009 is on a distinguished road
Default

Quote:
Originally Posted by picframer View Post
Must be a credit union you are dealing with, I have 16 years working in the banking industry and what you are being told is not the case, go to TD Canada Trust, they will take very good care of you.
I've been looking into TD... Stupid me, I should have given them a shot. From what I see, most business owners are using them.

Oh well... lol... Let's see what kind of trouble this gets me into this year.
Reply With Quote
  #5  
Old 02-11-2012, 05:03 PM
Ducke's Avatar
Ducke Ducke is offline
new member
 
Join Date: Nov 2010
Location: The Duck Pond
Posts: 844
Rep Power: 0
Ducke is on a distinguished road
Default

I use RBC for almost everything .
They have treated me great.
Reply With Quote
  #6  
Old 02-11-2012, 05:33 PM
CHEESE2009 CHEESE2009 is offline
Dr. Scott - Ruler of the Underworld
 
Join Date: Mar 2009
Location: Switzerland, Grindelwald
Age: 75
Posts: 4,473
Rep Power: 0
CHEESE2009 is on a distinguished road
Default

Quote:
Originally Posted by Ducke View Post
I use RBC for almost everything .
They have treated me great.
That's who I'm with now. We can be bank buddies lol

Reply With Quote
  #7  
Old 02-11-2012, 06:09 PM
TiedemanLLC TiedemanLLC is offline
Senior Member
 
Join Date: Dec 2011
Posts: 226
Rep Power: 5
TiedemanLLC is on a distinguished road
Default

Credit unions can be a pain. I had to switch my business account from my credit union once it became an LLC. They told me that they "didn't allow corporation bank accounts" Just some of the crazy rules that they have.
Reply With Quote
  #8  
Old 02-13-2012, 01:48 PM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 38,067
Rep Power: 10
Steve has disabled reputation
Default

Quote:
Just opening this new account cost me $2K.
Scott holy crap what happened at this bank for it to cost you $2,000? Was that the minimum requirement they had? Are you able to get that money back?
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Bank savings account interest rate Steve Money, Finances, Stocks, Bonds, & Investments. 11 12-14-2010 04:13 PM
Foreclosures and The Bank Lodzin General Business Discussions 10 11-04-2010 05:51 PM
bank owned homes MacTrina Online Lawn Care Estimator - Help me bid this job 5 07-27-2008 01:42 AM
Wachovia Bank(bid) landonkade Online Lawn Care Estimator - Help me bid this job 9 11-20-2007 12:12 AM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Any successful one man...
WarriorLandscapingCAN
09-26-2016 06:04 AM
09-26-2016 05:48 PM
by Steve
1 42
What were your top...
WarriorLandscapingCAN
09-13-2016 05:10 PM
09-26-2016 05:43 PM
by Steve
4 368
Enter to win Free...
arthur712
09-25-2016 11:28 AM
09-26-2016 05:41 PM
by Steve
1 45
I have a new show!
Chilehead
09-19-2016 06:50 PM
09-23-2016 05:45 AM
by Chilehead
7 137
First commercial estimate
WarriorLandscapingCAN
09-19-2016 12:42 PM
09-22-2016 05:42 PM
by acrajchel
7 145
Larger projects - Labor...
WarriorLandscapingCAN
09-18-2016 07:38 AM
09-21-2016 06:51 AM
by Chilehead
5 164
I need some business...
Firehouselawn@hotmail.com
07-06-2016 05:42 AM
09-16-2016 01:50 PM
by DLC123
5 615
Is it too late?
Cpadgett
05-28-2016 09:10 AM
09-16-2016 01:35 PM
by DLC123
15 1,327
Not a newbie just...
lwlawn
09-09-2016 02:32 PM
09-16-2016 01:25 PM
by DLC123
2 521
I'm making stupid money...
WarriorLandscapingCAN
08-07-2016 07:07 PM
09-16-2016 01:15 PM
by DLC123
6 1,403
Lawn problem
magiccc
09-14-2016 11:37 AM
09-15-2016 06:14 AM
by Chilehead
2 287
What kind of seed do you...
Bradcook21
09-02-2016 02:58 PM
09-12-2016 07:18 AM
by joshp
4 916
Commercial Flail Mower...
Chickenthief
09-05-2016 04:46 PM
09-09-2016 04:50 PM
by Steve
7 782
Newbie here
paulgrant
09-07-2016 04:52 PM
09-09-2016 12:01 AM
by paulgrant
2 619
Hello, New Member Here,...
Chickenthief
09-05-2016 06:19 PM
09-08-2016 09:35 PM
by Chickenthief
6 742
Pricing fall cleanups?
WarriorLandscapingCAN
09-06-2016 11:17 AM
09-07-2016 04:06 PM
by Steve
3 715
Say Hello !!!
Steve
03-19-2007 11:18 AM
09-06-2016 05:25 PM
by Steve
1,255 443,807
My Invention
biglee
01-11-2015 06:51 PM
08-31-2016 02:47 PM
by Steve
21 3,273
fliers
joshp
08-19-2016 03:23 PM
08-30-2016 07:47 PM
by SC93
11 2,087
fert/lawn programs
joshp
08-28-2016 10:43 AM
08-30-2016 03:27 PM
by acrajchel
2 1,128
» Popular Tags
annual apartment become an entrepreneur best mower be your own boss bidding business business education business help business management complex contractor hacks contracts convention converting customer dethatcher edging entrepreneur entrepreneur education estimate estimates fuel problems fuel pump half moon blade intro introduction jjandm lawncare l.t.rich landscape landscape design landscaping landscaping design company landscaping richmond va landscping lawn lawncare lawnservice lowering grade marketing mulch planting raising grade residential lawn care richmond va richmond virginia lawn care seasonal snowblower snow plowing snow shovel sprayer start a business start a lawn care business start business start up toro timecutter townhome tree tree service video web design websites what to charge work from home z-max z-spray
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 06:02 AM.


(C) 2011 Riggs Publications - Terms of use & Privacy Policy

All times are GMT -5. The time now is 06:02 AM.

(C) 2011 Riggs Publications - Terms of use & Privacy Policy