Should I set up a bank account with a regular bank i.e(chase) or are there banks that cater to startups specifically and what are the benefits vs a regular bank ?
What is the best bank to use for a new startup?
1–10 of 11 posts
Re: What is the best bank to use for a new startup?
#2Mercury
Re: What is the best bank to use for a new startup?
#3Mercury is pretty good
Re: What is the best bank to use for a new startup?
#4What is the business's organizational type?
Re: What is the best bank to use for a new startup?
#5I use a Citizens small business account for my LLC. It works for me, but I don't know if it would scale well.
I hadn't heard of Mercury before this thread. That looks pretty good.
Re: What is the best bank to use for a new startup?
#6The benefits with a regular bank is I can reach the support easily. I can literally walk into a local office and had thing sorted out. You cannot do that easily with online only bank. Another is I know the bank isn't going anyway. Look at a few old post on hacker news about online-only bank that are being acquired and migrated to another bank.
Also, a bank like Chase can give you upto $20,000 credit card for a new a start-up. I feel like they really setup to help you bootstrap.
Re: What is the best bank to use for a new startup?
#7It is not a bank but Brex (a YC company) caters to startups and has great rewards programs. May be worth a look. www.brex.com
Re: What is the best bank to use for a new startup?
#8I went with Bank Novo, arbitrarily. It's fine.
Re: What is the best bank to use for a new startup?
#9All I want from a “bank” is an account number, a card, and that they get out of my way. So I use Wise.
Re: What is the best bank to use for a new startup?
#10I went with Bank Novo, arbitrarily. It's fine.
Me too. Not especially feature-rich, but no complaints.