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Ask HN: Best Bank for Startups?

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Re: Ask HN: Best Bank for Startups?

#51

Post by yangminded »

markvdb wrote: post #45

Related question: what bank would you go with for a super simple euro zone llc? The requirements are simple: - a proper EU based IBAN - SEPA bank transfer - SEPA direct debit - proper customer support - proper web experience - debit card - (preferably) limited credit card support - honest and transparent pricing There's obviously the company's home country banks, but I'm specifically wondering about banks offering EU…

A combination of a traditional bank that has certain duties towards business clients and a transfer service like Transferwise might be best.

An important part of certain banks like Sparkassen or state banks in Germany is the fact that they are legally bound to serve you. Private banks like N26 on the other hand can drop you at any point.

Re: Ask HN: Best Bank for Startups?

#53

Post by thekonqueror »

immad wrote: post #7

(I am the CEO of Mercury.com.) Lots of people switch over from SVB to us. Happy to answer any questions you have. We go out of our way to be transparent in pricing, have great customers service and "just work". We dont currently do LoCs though. Also feel free to email me (my username AT mercury.com)

Mercury has been great to us and has a vastly better UI compared to SVB.

One suggestion, there should be an option to deliver checks via UPS, FedEx at an additional cost. USPS can be hit-and-miss from time to time.

Re: Ask HN: Best Bank for Startups?

#54

Post by westoque »

immad wrote: post #24
westoque wrote: post #17

Earlier quoted context omitted.

same here. happy mercury customer. just disappointed the webapp wasn't build mobile friendly from the start. the UI is simple enough that it should've been working on mobile! should've used a responsive CSS framework vs using css modules. recreated the wheel for not a lot of value.

We now have an iOS app. I don't think CSS modules are the issue to making it responsive. We just decided to focus the design/engineering resources on making mobile apps instead of responsive web app. Ideally we would do both though, and hopefully we can in the future.

> I don't think CSS modules are the issue to making it responsive. We just decided to focus the design/engineering resources on making mobile apps instead of responsive web app.

i agree that CSS modules aren't the issue but it def makes it easier to be responsive when you use a CSS framework. i think it would've been nice to be responsive from the start. relatively less resource intensive if written using bootstrap and maximizes customer value by making it easier for users to browse it on mobile without installing an app.

Re: Ask HN: Best Bank for Startups?

#55

Post by allenleee »

immad wrote: post #7

(I am the CEO of Mercury.com.) Lots of people switch over from SVB to us. Happy to answer any questions you have. We go out of our way to be transparent in pricing, have great customers service and "just work". We dont currently do LoCs though. Also feel free to email me (my username AT mercury.com)

+1 Mercury > SVB

Re: Ask HN: Best Bank for Startups?

#56

Post by krn »

markvdb wrote: post #45

Related question: what bank would you go with for a super simple euro zone llc? The requirements are simple: - a proper EU based IBAN - SEPA bank transfer - SEPA direct debit - proper customer support - proper web experience - debit card - (preferably) limited credit card support - honest and transparent pricing There's obviously the company's home country banks, but I'm specifically wondering about banks offering EU…

> Revolut doesn't have a proper web client

I believe Revolut Business is primarily web based, unlike Revolut Personal:

https://www.revolut.com/business/business-account

There is also Paysera, which offers instant SEPA transfers for EU companies:

https://www.paysera.com/v2/en/paysera-account

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