Originally Posted by
RedSun
Of course this account is not for deposit cash. But if you need a free biz checking to deposit a few checks a month, then it is a great deal.
But it could be a great MSing account if one could find a place to deposit VGCs for free.
It might still be good if one is charged $4.95 for a deposit of a $1000 VGC. I think that a 0.8% cost for moving VGC money into an actual checking account might be doable, especially if one could do the deposits from home.
I suspect that they are going to scrutinize your business somewhat carefully before giving you an account and if I read the fine print, which I have not, there are restrictions on the above behavior