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Were you using FRB for private banking or commercial banking? Private/Relationship banking might be lackluster with JPM depending on your account size. Idk if
by alephnerd 2y ago
Were you using FRB for private banking or commercial banking?
Private/Relationship banking might be lackluster with JPM depending on your account size.
Idk if I'd trust a non-FDIC insured bank and any bank that isn't Basel 1/2 compliant so most Neobanks seem too risky. They anyhow prefer to use state chartered banks which tend to be significantly more brittle than nationally chartered banks.
- gumby 2y agoI had both. I switched my personal to the Sanford credit union (I don’t keep a lot of cash in my account anyway). I’m not sure what to do about my startup’s account though. Chase doesn’t seem to understand startups anyway — you’re a small business or a big business. For the company’s money I want someone who gives a shit.
- alephnerd 2y agoMakes sense. For your startup, check out HSBC as well then - a lot of SVB and FRB staff specialized in tech commercial banking switched there as well. Also maybe try and find where your former SVB banker with whom you had a relationship went - they could help with the transition and give you the care needed.