@strategizewithcrystal: 🚨 Nobody Ever Taught Me This… So Let Me Save You the Mistake I Made as a New Business Owner When you’re just starting a business, money is usually going OUT before it’s coming IN. 💸 You’re buying inventory, paying for marketing, setting up systems, and covering startup costs. The last thing you need is another monthly fee eating into your cash flow. ❌ My mistake? Opening business bank accounts with banks that required high balances right away. 🏦 Chase: Requires around $2,000+ in your account to avoid maintenance fees. Otherwise, you could be paying around $15/month. 🏦 Bank of America: Requires higher balances (often $5,000+) to avoid monthly fees that can run around $16/month. As a brand-new business owner, why add extra bills if you don’t have to? 🤔 ✅ Instead, look for banks that are: • Small business friendly • Low opening deposit requirements • No monthly maintenance fees • No average balance requirements Here are 2 great options: 1️⃣ U.S. Bank 💰 Open with as little as $100 2️⃣ Navy Federal 💰 Open with as little as $250 📚 The goal when you’re starting is to KEEP as much cash in your business as possible while you build revenue. ⚠️ Disclaimer: There are ways to waive fees, and account requirements vary by business type and banking relationship. This advice is specifically for NEW businesses that aren’t generating consistent revenue yet. If you already have the funds to meet the balance requirements, this may not apply to you.

Crystal Clear

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Region: US

Saturday 20 June 2026 15:40:10 GMT