What Banks Are You Using for HoldCo & Related Entities?

searcher profile

July 06, 2025

by a searcher from Vanderbilt University in Denver, CO, USA

Hi all, Seeking advice from others with OpCo, PropCo, HoldCo entity structures. A partner and I are a month into operating our first acquisition, and we're still establishing the financial stack across our entities. We currently use Mercury as our bank for the OpCo, but we're evaluating alternatives for the rest of the structure. Here’s our setup: - Operating Company: already on Mercury, though disappointed that our treasury holdings won't get any interest unless we use another institutions for reserves. Considering using Ramp for this since they're our Bill Pay solution. - HoldCo: wholly owns the OpCo only - PropCo: owns the commercial property and receives rent payments - Two Personal LLCs: each partner has their own, and each LLC owns part of the RE entity None of these non-OpCo entities need complex features, as transaction are very limited with them... but we still want separate bank accounts for them. We’re primarily looking for: - High-yield deposit options for relatively low balances (<100k in most cases) - Virtual-first access and clean UX - Support for multiple entities under a single login, if possible, though I know that's possibly a stretch - Low/no fees - ACH and occasional wire support Would love to hear from other HoldCo owners: - What banks/platforms do you use for your HoldCos, RE entities, or personal LLCs? - How important is yield to your setup? - Any unexpected wins or headaches to be aware of? Thanks in advance!
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commentor profile
Reply by a searcher
from Georgetown University in Helena, MT, USA
I use MEOW (meow.com) for my banking at the Holdco Level. Meow is a fintech company, not a bank. But they partner with banks that provide up to $200M in FDIC coverage through their sweep networks. I really like their UX. Zero Fees. Sitting at 3.26% APY now. I have yet to find a business checking account that can match their interest rate and zero fees. Some of their business checking features are minimal. For example, they have a very low check deposit max of $25,000 and funds aren't fully available till the 6th day. But if you're not depositing checks, not a deal breaker.
commentor profile
Reply by a searcher
in Denver, CO, USA
The best answer is likely to just stick with Mercury and hope they bring down their minimum balance levels for treasury features. It offers – and is best in class at – everything else you described. The hassle of moving elsewhere or spreading across more platforms isnt worth the headache for minimal annual interest in early years when treasury/savings balance is volatile. (Your entity structure is v. similar to mine, btw)
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