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11-30-2009, 07:54 PM
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#1
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Senior Member
Join Date: Apr 2009
Location: Raleigh NC
Posts: 362
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Best small business bank
WHo does not fee you to death but can grow with you? I am getting a new job but I have a part time EC business and just wondering who would be a good bank in the Triangle.
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11-30-2009, 08:04 PM
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#2
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ET Road Warrior
Join Date: Feb 2009
Location: Long Island, N.Y.
Posts: 27,297
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All banks suck 
Good example is opening up a savings account.. 1.5% interest WOW
__________________
There comes a time when people who volunteer their service need to step back and see if it is better for them to retire. A red flag is when they become "cranky" and lose all sense of reality by making decisions that really don't make any sense..
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11-30-2009, 08:06 PM
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#3
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Chief Electron Relocator
Join Date: Sep 2007
Location: Cornpatch USA
Posts: 31,274
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Try the Bank of Ken.
Send me all your money now. I'll take care of you! 
__________________
In winter, why do we try to keep the house as warm as it was in summer when we complained about the heat?
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11-30-2009, 08:12 PM
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#4
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That Guy
Join Date: Jan 2009
Location: NJ
Posts: 3,463
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Quote:
Originally Posted by Black4Truck
All banks suck
Good example is opening up a savings account.. 1.5% interest WOW |
So true, I see the advertisements for these rates and crack up....
Wow so if I have $50k in that account for 10 years I'll get a whopping $8k in interest......great thanks guys  .
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11-30-2009, 08:16 PM
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#5
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PGW Professional
Join Date: Jan 2007
Location: Rahway, NJ
Posts: 12,777
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Quote:
Originally Posted by 480sparky
Try the Bank of Ken.
Send me all your money now. I'll take care of you! |
Same here.
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12-01-2009, 08:34 AM
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#6
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Senior Member
Join Date: Jan 2009
Location: North Carolina
Posts: 753
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They all suck. Even the ones that say they are "small business friendly" could care less about a one or two man electrical outfit. Pick the one closest to your house so at least you save on gas money.
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12-01-2009, 09:33 PM
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#7
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Senior Member
Join Date: Jan 2007
Location: Denver Area
Posts: 316
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I've used a credit union for the last 17 years. Haven't been in a regular bank since I started using them. There's a different attitude, at least at the one I use.
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12-01-2009, 10:17 PM
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#8
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Senior Member
Join Date: Sep 2007
Location: Delmarva, USA
Posts: 2,064
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I deal with a regional bank, which sits right next door to a credit union.
The credit union always has long lines waiting over there, either inside for the tellers, or the drive-thru lanes. Really long lines during peak times, such as Friday afternoons. Small parking lot which is jammed, and not enough space for all their patrons.
At my bank OTOH, the lines are short (if any) and move much quicker than the mob scene next door.
So ask yourself: How much is your time worth? And, are you willing to spend lots of that valuable time waiting in line at one place, just to save a couple bucks at the end of the month?
FWIW, I do not pay any monthly service fees at my bank (free business checking), and wonder in amazement at those clowns clammering to get into that credit union.... 
__________________
-KB
Life is uncertain -- eat dessert first!
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12-02-2009, 06:23 AM
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#9
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Senior Member
Join Date: Jan 2009
Location: South Florida
Posts: 5,198
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Keep it in a separate bank than your personal account.
Are you setup as an LLC, Corporation or as a sole proprietor?
Don't get an account that pays interest. It will complicate things.
__________________
"When a your only tool is a hammer, every problem looks like a nail"
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12-02-2009, 04:22 PM
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#10
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Senior Member
Join Date: Jul 2008
Location: South west Ohio, USA
Posts: 341
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Somerville National Bank. Started in Somerville Ohio. Good bank, grown to 8 locations. Easy to deal with, nice loan officers, small town bank for small town people. Capable of million dollar loans....I like em....
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12-02-2009, 05:39 PM
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#11
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ET Road Warrior
Join Date: Feb 2009
Location: Long Island, N.Y.
Posts: 27,297
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Quote:
Originally Posted by JacksonburgFarmer
Somerville National Bank. Started in Somerville Ohio. Good bank, grown to 8 locations. Easy to deal with, nice loan officers, small town bank for small town people. Capable of million dollar loans....I like em....
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Chances are they will be bought out by a larger bank chain.. my bank has changed hands about (6) times so far.
A bank that is doing that good draws attention from the big boys in the game
__________________
There comes a time when people who volunteer their service need to step back and see if it is better for them to retire. A red flag is when they become "cranky" and lose all sense of reality by making decisions that really don't make any sense..
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12-02-2009, 07:05 PM
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#12
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Senior Member
Join Date: Feb 2007
Location: Eighty Four,Pa.15330
Posts: 5,528
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I like a Credit UNION!
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12-02-2009, 07:11 PM
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#13
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ET Road Warrior
Join Date: Feb 2009
Location: Long Island, N.Y.
Posts: 27,297
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Quote:
Originally Posted by bobelectric
I like a Credit UNION!
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I bet they close at 3pm and are closed Saturdays
__________________
There comes a time when people who volunteer their service need to step back and see if it is better for them to retire. A red flag is when they become "cranky" and lose all sense of reality by making decisions that really don't make any sense..
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12-02-2009, 08:06 PM
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#14
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REMOVED
Join Date: Jan 2008
Location: NJ
Posts: 2,438
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__________________
REMOVED
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12-05-2009, 05:54 AM
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#15
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Senior Member
Join Date: Feb 2007
Location: Eighty Four,Pa.15330
Posts: 5,528
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I do most banking on line,have the Mrs.drop off paper deposits.
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12-06-2009, 08:52 PM
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#16
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Member
Join Date: Sep 2009
Location: Bakersfield, CA
Posts: 93
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I bank at a local business bank in my city. I have a personal banker, everyone knows my name when I walk in, I've never been charged a fee since I opened my account and when I need a line of credit I go in and say "Hey Larry, can you set me up with a $10,000 line for this next job please?" His response is, sure Alan, be ready this afternoon." No applications, great service and no corporate headquarters 3000 miles away that doesn't know me.
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