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Ask HN: I’m a founder, which bank should I open my business account?
With the latest bank run frenzy and SVB/Signature debacles I think of opening at JPMC a business account. Where do other founders go while in pre-seed/seed?
- Havoc 4y agoYou really asking hn after how the last pick went?
- Am4TIfIsER0ppos 4y agoThe Mattress Bank.
- ffhhj 4y agoTheir Flame Retardant Linen is a great insurance package.
- throw03172019 4y agoBig bank
- _benj 4y agoBoring bank
- schappim 4y agoI heard they merged with Money Pit, are they any good?
- warrenm 4y agoCouple basic lines of thought when it comes to business banking: - Corporate MultiMega Bank - Whatever bank you already use for personal banking - Whatever bank offers the best business checking where you live
- janlin1999 4y agoIf you will have less than $250,000 in the account for the foreseeable future or don't mind splitting your money, you have a lot more options. We chose FirstIB for their free outgoing ACH. At the time, they also offered higher interest rates than the larger banks.
- more_corn 4y agoI’d have primary bank and secondary bank. SVB deposits were unavailable for a total of one, maybe two business days. I’d try not to keep more than $250k in each account. Had you banked at SVB with a backup and less than $250k you’d have experienced zero cash flow interruption.