So that’s why my bank no longer had the small business free checking account it had about a week ago.
Thanks a lot, Congress; if I could maintain the minimum daily balance now required, my business would be doing just fine.
Savings accounts were still free, so I closed my checking and kept my savings. I redirected my direct deposit to the savings account. The savings only allows 4 withdrawals a month, so every payday I transfer enough to paypal to pay all my bills. I only withdrawal cash once a month and use my credit card for everything else. Giving me 1 withdrawal should any emergencies pop up.
Yeah it can be a hassle, but like I said I'm a cheapskate. I wondering how long it will be before they catch on and put a stop to it.
Kind of like they helped us out with credit cards.