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What is the best bank to use for a new startup?

8 points by ghostmatt ↗ HN
Should I set up a bank account with a regular bank i.e(chase) or are there banks that cater to startups specifically and what are the benefits vs a regular bank ?

10 comments

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brudgers
What is the business's organizational type?
giantg2
I use a Citizens small business account for my LLC. It works for me, but I don't know if it would scale well.

I hadn't heard of Mercury before this thread. That looks pretty good.

kureikain
The benefits with a regular bank is I can reach the support easily. I can literally walk into a local office and had thing sorted out. You cannot do that easily with online only bank. Another is I know the bank isn't going anyway. Look at a few old post on hacker news about online-only bank that are being acquired and migrated to another bank.

Also, a bank like Chase can give you upto $20,000 credit card for a new a start-up. I feel like they really setup to help you bootstrap.

atsaloli
It is not a bank but Brex (a YC company) caters to startups and has great rewards programs. May be worth a look. www.brex.com
the__alchemist
I went with Bank Novo, arbitrarily. It's fine.
happyrock
Me too. Not especially feature-rich, but no complaints.
admissionsguy
All I want from a “bank” is an account number, a card, and that they get out of my way. So I use Wise.