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SVB was a horrible antiquated banking experience. It was heavily recommended for my last startup so I signed up without shopping around. It was literally the wo
by OkGoDoIt 6y ago
SVB was a horrible antiquated banking experience. It was heavily recommended for my last startup so I signed up without shopping around. It was literally the worst online banking experience I’ve ever used, straight out of the 90’s. And there were fees for every little thing. Maybe they’ve improved in the last 5 years, but I will never try them again.
- aledalgrande 6y agoWhat did you transition to? It's true that everyone recommends them.
- OkGoDoIt 6y agoThe business didn’t last very long so we never got around to switching banks. But whenever I do my next startup I will shop around more. I would love to hear any recommendations people might have to share.
- aledalgrande 6y agoQuestion is, would you use their UI/services a lot if you also had a Stripe account connected to it?
- manigandham 6y agoSending wires, depositing checks, transferring between accounts, bill pay, etc. They all require the terrible mobile app or online UI. Banks are all the same until you're a big company, better to go with one with modern tools.
- manigandham 6y agoStay away from SVB. Mercury or Azlo are much better start-up focused banks. https://mercury.com/ https://mercury.com/ https://www.azlo.com/ https://www.azlo.com/
- aledalgrande 6y agoAre they kinda like Brex? PS: funny both banks use the same color for their branding
- manigandham 6y agoAzlo and Mercury are more traditional banking. They're fintech companies offering banking services while backed by regulated banks on the backend (a common setup to avoid the years long regulatory hurdle of starting a new bank). Brex started with corporate credit cards and now also has the "Cash" banking product but its not quite the same. It's more like a corporate paypal account that looks and feels like a bank account. It's also another good choice.
- mixmastamyk 6y agoMy online banking experience in the latter 90s was quite good, at least at Charles Schwab. No US bank has approached ANZ in New Zealand for modern conveniences however.