General Question

mikey7183's avatar

Do you know any banks that do not charge monthly fees for not meeting minimum balance requirements for a small business account? Or a recommendation of a good small business bank, period?

Asked by mikey7183 (338points) June 18th, 2008
Observing members: 0 Composing members: 0

10 Answers

hearkat's avatar

Sovereign Bank had Free Business Checking a few years back… I’m not sure if they still do. Have you done a web search for “free business checking”?

iriemuffin's avatar

Try credit unions. Washington Mutual has free business checking also.

Knotmyday's avatar

My pick would be WAMU as well. My sister gives it a glowing business recommendation; they also (off point) hold my mortgage. No problems at all.

richardhenry's avatar

If you’re in the UK, HSBC are amazingly helpful.

babygalll's avatar

What ever you do DO NOT go through Bank of America!

srmorgan's avatar

If you would indicate, either in the question or in your profile, in what state you are located,, you might get a better and more specific answer.

I have worked with several banks in my current place of residence and in an adjacent state but to just throw out a bank name from maybe, Delaware, when you are in Idaho is just a waste of everyone’s time.


mikey7183's avatar

SRmorgan – I am in New York state (New York City to be exact)

winblowzxp's avatar

I agree, go with a credit union…they’re more apt to give you interest on your account. It’s not much, my business account with Navy Federal went from .5% down to .35%, and that’s kind of crappy, but it’s better than BOA.

dynamicduo's avatar

Here in Canada we have a major banking company, CIBC, who partnered up with one of the biggest grocery and wares chains, Loblaws, to create PC Financial banking services. Their whole goal is to not charge fees, and they do this well. They carry this motto through to their PC Mobile pay-as-you-go cellphone service as well. I’ve been using them for years now and I love them!

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