I had to fight with Citibank for about 3 months to get them not to suspend my business account after I'd been a customer for 10 years due to the new "know your

I had to fight with Citibank for about 3 months to get them not to suspend my business account after I'd been a customer for 10 years due to the new "know your customer" bs. The "know your customer" regulations are about as anti-small business as they can be. Doesn't matter that you have an LLC in the State of NY that's been active for 17 years, we won't let you keep your account without a signed and notarized letter from your accountant or lawyer stating exactly what your business and income is from. Doesn't matter if you don't have a lawyer or accountant because you handle it yourself via thinks like Quickbooks, go pay one a couple grand to look through your books for the last 10 years and then sign the notarized letter. If you're having trouble with an HSBC or Citibank, try a smaller bank or a credit union. They'll generally have policies catering more to the local market. The local credit union had no such issues like above. A smaller bank like TD Bank just wanted to make sure you were registered with the state and do a premises visit (and visiting your apt/home was also acceptable for home-based businesses).