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> quite as easy to withdraw money back then, usually you'd have to at least make a phone call, or head over to your physical branch. Now you could just open the
by yardie 4y ago
> quite as easy to withdraw money back then, usually you'd have to at least make a phone call, or head over to your physical branch. Now you could just open the website/app and do it there, immediately.
The main reason some of the other startup banks such as Ramp or BREX exist is because SVB was kind of a dinosaur when it came to cash management. Their online cash management apps were very basic and rudimentary. And they were a lot slower than these new online banks at responding to customer requests.
So now you're saying that bank (a very conservative investment bank from what I've been told) was moving too fast?