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Forums » Accounting & Financial Management

closing of a business bank account

    • 3 posts
    June 5, 2012 4:31 AM EDT

    I have an LLC business which I founded formally 4 years ago and right after that opened a checking account with a major bank. I then opened two more checking accounts last year. The first one I opened with the major bank is charging me a fee and I am not happy with that. I want to close that account because I now have other account for my business anyway. My question is, if I close the account with the major bank, might there be a negative effect later? Because that account is the oldest account for my business. I had heard the older the account the better it is for you, but does it really matter?

    • 32 posts
    January 7, 2014 12:59 PM EST


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