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business checking account

    • 1 posts
    August 2, 2012 4:41 PM EDT

    I recently started an LLC and applied for a business credit card through Capital One.  Is it a good Idea to open a seperate business checking account?  Would it have been a better idea to open a checking account from the start and utilize a debit card linked to the checking account?

  • August 9, 2012 1:39 PM EDT

    Be cautioous about using your Capital One CC. I had a bad experience iwht them in the past. THey can quite predatorial.

     

    Having said that, if you are building your credit they are a good alternative. 

     

    About your checking account, I imagine that you will need a checking account for your business. For example, if you open a paypal account, you will need a bank account that you can link, to receive and make online payments.

    How are you making online payments right now?