Recommendations for business bank account
researching business banking for a new startup. Google next to useless due to every single hit including 'reviews' going to commercial sites.
Anyone have experience they can share on this topic? Looking for the obvious -- low fees, no spammy sales pitches, good online, just the basics without a bunch of bs.
2 comments
[ 4.9 ms ] story [ 16.3 ms ] threadWamu used to have free business checking(now that they are chase they probably still do, but not positive), good small amounts <$100k
citi is great for >$100k, super easy set up and have great simplified online system. Good if you have a large wad that you are going to just spend down (a vc round). citi is a real business bank, and they don't bat an eye at 6 or 7 figure wires.
bofa has a really complex online system, that is a gigantic pain in the ass, but can do full treasury, automatic check deposit, more... given this, its really odd that bofa _feels_ like a consumer bank. For example, shut down the credit cards on our business account because of unusually high spending, meaning they were just shocked by $100's k going through a cc to begin with! and when we called to reactivate them, they did that thing with consumers where they are like "did you spend $7.77 and on online retailer recently?" ha!