Thank you SO much PNC! After 25 years of service you they have advised me that they have killed their free business checking and are now charging an unreasonable fee and are demanding a huge deposit to maintain checking without this fee!!! I am heading down to their lousy bank Saturday and cancelling ALL my accounts and switching them to my local bank, First Keystone, who still cares about its customers! I encourage anyone else affected to do the same - let the bank know by the loss of our dollars how much we hate them! Share this with all your friends and spread the word across the world if you think this is unreasonable!
I am an artist and writer and bring in less than $10, 000 per year in these activities. I do it more for enjoyment than for profit, but do sell some of my work. As such, I require a business license, sales tax license AND a business account. It is not my intention to become rich at this, just to be able to sell my works to interested parties. Even the monthly fee would extract too large of a percentage of my profits to make it worthwhile, and I certainly would not want to lock up $1, 500 with the bank to avoid a couple of hundred dollars in fees. As for the validity of my business, there are tens of thousands of people in my same situation with a combined net worth greater than the net worth of Wal-Mart (per Entrepreneur Magazine, 2012, can't remember the month.) There are artists, crafts people, musicians, summer carnival vendors, part time caterers and the list just goes on. Best to think before you post such a rash response. My greatest complaint is that these huge businesses, banks included, are always jack-booting the little fellow who is struggling to survive and make a few bucks. They say we are a nuisance to them. I say, why not charge the huge companies that eat up all their server space and take endless hours to support and cut the little guy a break!