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Ask HN: What US bank post-SVB would you recommend?

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Re: Ask HN: What US bank post-SVB would you recommend?

#11
post #5
post #3

C. Hoare & Co. https://www.hoaresbank.co.uk/ is the one if you need stability and quality, no question. If you are worried about bank runs you can divide your deposits into $250,000 chunks and divide it between banks. (or whatever the insured amount in your country is)

Except this insurance never applies to business accounts.

[deleted]

Re: Ask HN: What US bank post-SVB would you recommend?

#13
post #5
post #3

C. Hoare & Co. https://www.hoaresbank.co.uk/ is the one if you need stability and quality, no question. If you are worried about bank runs you can divide your deposits into $250,000 chunks and divide it between banks. (or whatever the insured amount in your country is)

Except this insurance never applies to business accounts.

FDIC insurance covers business accounts up to $250k per institution. The FSCS scheme in the UK covers business accounts up to £85k per institution. Where are you getting this idea from?

Re: Ask HN: What US bank post-SVB would you recommend?

#14

Ironically, SVB, or whatever its new name will be. Like how the safest airline to fly is the one who just had an accident.

Will it be as easy to open an account for foreign entrepreneurs as before? I'm not foreign, just heard that's why some people used SVB because the others won't even open an account for them.

Re: Ask HN: What US bank post-SVB would you recommend?

#19
post #3

C. Hoare & Co. https://www.hoaresbank.co.uk/ is the one if you need stability and quality, no question. If you are worried about bank runs you can divide your deposits into $250,000 chunks and divide it between banks. (or whatever the insured amount in your country is)

I clicked on your link, and some dude in a super fancy suit just barged into my house and took the money out of my wallet. That firm exudes the sickly sweet aroma of the hanger-on class.
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