I run creative services for clients on a seasonal basis on a NET90. It’s not a consistent income stream, but the payout is decent and I want to keep the financial record separate from my personal finances. I was working with a particular bank that shut down the account because it had more than three months of inactivity and a low balance once the season ended.
Is there any US bank that is tolerant with this kind of business transaction?
Net 90? How do you stay in business? This seems highly unusual and high risk financially.
Why not deposit and final payment due when project is completed?