Your Fidelity account should be
classified as a checking account for Automated Clearing House (ACH) purposes.
Not exact matches
In looking at your post on Mango, I see you have it categorized
as a rewards
checking account... I see how you might
classify it that way, but there's no real «
checking» component to these.
Most
checking accounts couples open
classify them
as «joint tenants with rights of survivorship.»
Also, is money that is transferred from our personal
checking account classified as owners equity in the S Corp?
This includes separate
checking / savings
accounts opened before the marriage, stock owned before the marriage; individual inheritances, and any property
classified as separate under a prenuptial agreement of the parties.
You may even be subjecting yourself to unrelated business income tax (UBIT) if you engage in activities that would
classify your checkbook control
as a business such
as having a manger, a business
checking account, its own tax identification number, or buying and selling property that is not directly in your IRA.