All Topics / Opinionated! / which account?

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  • Profile photo of jerichobishopjerichobishop
    Participant
    @jerichobishop
    Join Date: 2003
    Post Count: 8
    March 17, 2004 - 2:46 am

    what sort of bank account do you guys use for your company/trust structure?

    Profile photo of The DIY Dog WashThe DIY Dog Wash
    Member
    @the-diy-dog-wash
    Join Date: 2003
    Post Count: 696
    March 17, 2004 - 5:02 am

    Ours is a regular business account with NAB.

    Cheers
    Leigh K

    Profile photo of JetDollarsJetDollars
    Participant
    @jetdollars
    Join Date: 2003
    Post Count: 2,435
    March 17, 2004 - 5:28 am

    I was reading ‘Trust Magic’ the other day, trust bank account should be just the normal account but with company’s name ATF trust’s name.

    Kind regards

    Chan Dollars
    [Retire Young, Retire Rich] [strum]

    Profile photo of melbearmelbear
    Member
    @melbear
    Join Date: 2003
    Post Count: 2,429
    March 18, 2004 - 1:00 pm

    It depends on what you will be putting through the account. If you’ll have reasonable amounts of money sitting in there at most times, then have a cash management type one that gives good interest. If you get a friendly business banking person they should be able to tell you the fees/charges based on what your expectations are.

    Cheers
    Mel

Viewing 4 posts - 1 through 4 (of 4 total)

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