Shawn, what I am going to do is pick a big bank for my side hustle because I will be a contractor/freelancer. With being a film producer I will choose a big bank like Chase only because Chase is a big bank that most likely my actors and film crew will be easy to cash their checks if they bank with Chase. Another reason why I will pick Chase Bank for my movie business is because some movies I will be making will be foreign Latino movies in Spanish, so if I make a movie in Mexico it will be convenient for me to exchange some of my American currency into Mexican currency because I am going to need some Mexican currency if I am going to be making Spanish movies in Mexico. Now with my small planner business I will pick a credit union since I will be the only one getting paid, but with that movie business that's a huge business and I think a huge bank like Chase will be a great option because Chase has Mexican currency and Puerto Rican currency, credit unions only have American currency. Chase also is a business that most likely would not get closed down. Small unknown online business bank accounts are most likely closed down.
This video deserves more likes and views. Thank you for the thorough benefits and limitations of each banking provider! I saved your video as I'm looking at new accounts currently, and subscribed to your channel. Love your content, keep inspiring the rest of us! P.S. PDF was clutch, much appreciated.
Amazing! I’ve been wasting money on monthly maintenance fees for YEARS! I have been scared to take the plunge worried about not having a brick and mortar to deposit cash or withdraw money. Going to give Relay a try. Thanks so much for taking time to make this video.
Signed up for Relay with your link for my franchise business. Hope you get some credits. :) Thanks for saving me from Chase's Ink cards, fee city. And almost went with Novo but they don't allow domestic wires from Schwab, so Relay wins.
Great breakdown of the Best Business Bank Accounts for 2024! Perfect for small businesses and side hustles looking for reliable financial solutions. Thanks for the helpful insights
Chase Bank is a business. Chase Bank has been around longer than these unknown online banks. If you pick a bank online for your business then be very careful because they can crash any day. See Chase has been around for a long time it's basically an establishment. Chase Bank is perfect for setting up my film studio. That way if any of my actors bank with Chase it will be easy for them to cash their checks because I am not doing direct deposit I will be paying my actors and film crew in paper check because I am old fashioned.
Hello, I just watched your video some good information. Thank you for making that content. I have a question though you said that you are not active in your Etsy account how did you buy that already existing from someone or cause I’m interested in something like that could you tell me where I could possibly look into something like that would appreciate that thank you.
I recently got Lili and I hate it lol they changed my routing number out of no where and they charge extra to do invoices or connect with stripe lol nooooooo
Do any of these ship your debit cards overseas? I do business domestically and abroad and travel. If I lose my card will they be able to ship it abroad as a replacement?
I was looking at relay, but when you said that they weren't FDIC insured, you were only going to show FDIC accounts. Can you elaborate what it means that the are insured by Thread?
I'm 51 sweetie so my memory isn't as good as it used to be...LOL. When doing these types of videos, I write a script and sometimes use a teleprompter. If not all of the individual details of each bank would be all mixed up together. 🙂
Hi! You can get it in the Entrepreneur Merch section of my shop. I'm wearing the color Maroon. Here's the link: shop.healthywealthyskinny.com/collections/small-business
Is any of this Banks or Credit Union all black owned Probably not at all Why? Are all our black people supporting them? What is your reasoning to help them?? Support Your Own Kind it’s called 50 plus ALL BLACK OWN CREDIT UNIONS and all BLACK OWNED BANKS
"now you bank with all of them for no good reason..." Is TOO REAL! I found my people! 😂
LOL
It's the found your people for me. I surely am getting ready to bank with all of them for a good reason.
@@breed1537😂
Thank you for your clear, concise comparison. I will definitely look further at each one.
Thanks for watching 🙂
Extremely well done. Your delivery and organization of the information is superb. Thanks for the help.
i just opened my LLC and looking for a business bank account for my real estate investing business, your comparison pdf helps a lot, thank you
So glad it was helpful!
are you living in the US ?
This video has been soooooo helpful especisally with the PDF. Thank you for going the extra mile.
Thank you so much!
Hey Shalest, great info. Thank you so much. The Novo link you have in the description is not functional.
@@blkbrian Hi! See if this link works:
Novo (Business Banking)
novo.pxf.io/shawnshalest
Shawn, what I am going to do is pick a big bank for my side hustle because I will be a contractor/freelancer. With being a film producer I will choose a big bank like Chase only because Chase is a big bank that most likely my actors and film crew will be easy to cash their checks if they bank with Chase. Another reason why I will pick Chase Bank for my movie business is because some movies I will be making will be foreign Latino movies in Spanish, so if I make a movie in Mexico it will be convenient for me to exchange some of my American currency into Mexican currency because I am going to need some Mexican currency if I am going to be making Spanish movies in Mexico.
Now with my small planner business I will pick a credit union since I will be the only one getting paid, but with that movie business that's a huge business and I think a huge bank like Chase will be a great option because Chase has Mexican currency and Puerto Rican currency, credit unions only have American currency. Chase also is a business that most likely would not get closed down. Small unknown online business bank accounts are most likely closed down.
Which bookkeeping is best for Depop? 😢 I'm searching around but couldn't find one. Thanks for the video btw❤ it was very helpful.
Thank you Miss Lady Just Got a DBA and EIN
This video deserves more likes and views. Thank you for the thorough benefits and limitations of each banking provider! I saved your video as I'm looking at new accounts currently, and subscribed to your channel. Love your content, keep inspiring the rest of us!
P.S. PDF was clutch, much appreciated.
Amazing! I’ve been wasting money on monthly maintenance fees for YEARS! I have been scared to take the plunge worried about not having a brick and mortar to deposit cash or withdraw money. Going to give Relay a try. Thanks so much for taking time to make this video.
Hi Shawn, what is your insight on the Novo Bank considering the 2-star rating from members who've banked in the last year?
Signed up for Relay with your link for my franchise business. Hope you get some credits. :) Thanks for saving me from Chase's Ink cards, fee city. And almost went with Novo but they don't allow domestic wires from Schwab, so Relay wins.
@@ixtc4233 Thanks for using my link! I’m glad you found the right fit.
Shawn :-)
I’ve been looking for business account for my LLc. I been with chase for about 5-6 years. I should get it itself? Or Relay?
What’s the best online business account for a commercial cleaning business that’s starting off with no money to start the bank account
this is a great video !!!!
Any of these offer secured credit card?
Thanks for the information. I’ll be looking into these! 🙂
Great breakdown of the Best Business Bank Accounts for 2024! Perfect for small businesses and side hustles looking for reliable financial solutions. Thanks for the helpful insights
Thank you so much 😊
Thank you for making this so simple to understand
You’re welcome. Thanks for watching.
Chase Bank is a business. Chase Bank has been around longer than these unknown online banks. If you pick a bank online for your business then be very careful because they can crash any day. See Chase has been around for a long time it's basically an establishment. Chase Bank is perfect for setting up my film studio.
That way if any of my actors bank with Chase it will be easy for them to cash their checks because I am not doing direct deposit I will be paying my actors and film crew in paper check because I am old fashioned.
Hello, I just watched your video some good information. Thank you for making that content. I have a question though you said that you are not active in your Etsy account how did you buy that already existing from someone or cause I’m interested in something like that could you tell me where I could possibly look into something like that would appreciate that thank you.
Hi, it's nice to meet you. I'd like to answer but I don't understand your question. Can you re-state it?
Shawn :-)
I tried to use my state ID to open an account with Relay, and they wouldn't accept it. Did that change?
Very well put, thank you for clarifying with good detail.
@@GearsToStreet Thanks for watching ❤️
First time watching one of your videos. Very informative. Thank you!
@@alannabluee4173 Thanks for watching!
I’m trying to decide between mercury and lili 😢 can you review mercury ? Especially for business credit
This is by far the best video I've seen on the internet. You were very, very detailed and provided valuable information. Thank you.
You should Go directly to the essential things.
Thank you for the feedback. What do you consider the essential things?
I recently got Lili and I hate it lol they changed my routing number out of no where and they charge extra to do invoices or connect with stripe lol nooooooo
Fantastic content thanks for making it easy!
Wait, for chase to be monthly fee free you need to have each of those requirements
I LOVE THIS VIDEO
Thank you!
Nice video ❤ please is it for US citizens only
Do any of these ship your debit cards overseas? I do business domestically and abroad and travel. If I lose my card will they be able to ship it abroad as a replacement?
Thank you
You're welcome
Can I open a not for profit organization account with Relay Bank...thanks for answering
Hello. Do they work with people with bad credit?
Hi, there is no credit check done in the signup process.
Great video
Awesome !
You caught that, too! Are they FDIC or not?
How do you withdraw money from these bank accounts?
You can withdraw money using the provided debit cards and ATMs. You can also use ACH to transfer money.
Can you use Zelle with any of these? At an MUA & Hairstylist I usually get paid through Zelle
I know that Relay and Novo do not support Zelle. Chase does.
I would advise squarespace or Paypal. I heard Zelle doesn't qualify for any tax write-offs. Real receipts are needed.
THANK YOU 😘🙏
I was looking at relay, but when you said that they weren't FDIC insured, you were only going to show FDIC accounts. Can you elaborate what it means that the are insured by Thread?
Hi! Your account with Relay is FDIC insured. Their banking services are provided by Thread Bank which is FDIC insured. So your account is safe.
You are smart smart, big brain bae
The video I needed ❤thank you
Who are yall using for bookkeeping?
quickbooks
shes reading it idk not looking for a promo video
I'm 51 sweetie so my memory isn't as good as it used to be...LOL. When doing these types of videos, I write a script and sometimes use a teleprompter. If not all of the individual details of each bank would be all mixed up together. 🙂
@@shawnshalest_hws51 😮is that a typo. You look fabulous.
@@ttaylor8969 Thank you! ☺️ Not a typo… lol
where can i get that hoodie?
Hi! You can get it in the Entrepreneur Merch section of my shop. I'm wearing the color Maroon. Here's the link: shop.healthywealthyskinny.com/collections/small-business
Thank you so much 💕💛💕
You are so welcome!
💯💯💯💰💰💰❤️❤️❤️
📚 📚📚📚📚📚
Grab your 2024 Best Business Bank Accounts Comparison PDF here:
www.workwithshawn.com/businessbanking
Is any of this Banks or Credit Union all black owned
Probably not at all
Why? Are all our black people supporting them?
What is your reasoning to help them??
Support Your Own Kind it’s called
50 plus ALL BLACK OWN CREDIT UNIONS and all BLACK OWNED BANKS
Worst video
Thank you! This was beyond helpful!!
Thank you!
Thank you