4 ms·
Which bank(s) are the best options for a new startup corporate account, and why?
Pros, cons, etc.
Also, how would credit unions and e-commerce sites like PayPal compare?
Edit: For local banks, I'm in Pittsburgh and DC / Northern Virgnia. PNC and Bank of America come to mind.
- veyron 15y agoI think TD Bank is in your area. They are open on sunday!
- glimcat 15y agoIt's often more important to have a local branch with good service. PayPal is a sometimes handy as a payment option, but not fun to deal with any more than you have to.
- dfc 15y agoWhat do you want from the banking relationship? Its really hard to answer without knowing what you want. How frequent do you expect to interact with your bank?
- daniel_solano 15y agoMost of the good advice I have read or heard generally says to go with a local bank or a credit union. With the major banks, like Bank of America or Citi, you're just a number (unless you've lots of money). Working with a local institution is more personal. I am fond of credit unions, simply because they are member-owned and generally are fairly competitive for basic services. I don't know much about handling merchant services, as that's not the type of business I do. I think warehouse clubs like Costco and Sam's Club also offer those sorts of services of business members.