Originally Posted by
RK23
I am trying to start some MS and have most of the basics down and already tested some liquidation methods. But before I really put my foot to the pedal, I had a question on bank accounts.
I obviously don't want to use my own bank account but I am wondering if people would recommend a business checking account to use for MO deposits over a personal checking account at a credit union or regional bank?
Tried searching the thread and the forum and couldn't find any discussion around business bank accounts to use.
Thanks for any insight.
Any bank you deposit MOs to is at risk of getting closed. It's all computer algorithms now. No human element.
So, yeah, I would guess that a business account is less likely to be flagged but that's just me guessing. There are plenty of DPs around here of business accounts getting closed too, so it definitely happens.
Do you plan to churn bank account bonuses too? If so, a good business bank account can make it easy to send yourself a DD at another bank. Keep that in mind when deciding whether or not to risk getting banned from the bank.
That's my 2 cents.