Who Should I or Shouldn't I Do My Business Banking With In FL?

[Ben Smith]

Hello,

I just wanted to throw this out there...

Does anyone have any insight on banks, national or local, with whom I should or should not use for my business account? I have spoken with Wells and 5/3 but I'm kind of being a pansy about making a decision. 

I've never had my own business before so I'm not sure if there are certain things to look out for/look for as far as services go. I've used Wells for my personal accounts forever. I can say that I haven't been totally Thrilled with their service on that level. I just can't really see why NOT to go with someone else if their programs/products "shine".

Thank you for any input.

Ben

[Waverly Rennie]

Hi @Ben Smith- I am newly/semi- based in Dunedin and am trying to figure out banks there. I ended up using BOA (my bank for the last eon) for my biz account, just a simple checking account. If I don't have an average balance of $15k for the month they charge me $35 service fee for that month. I am also new -ish at running a business so I am learning a lot too. One bank I definitely DON'T like is SunTrust because you can't rename transactions- so it just says check 302 or check 193, whereas in BOA I can rename the check to say Fred the plumber etc. On the other hand I realized that although I have changed the name on the online statement, the mailed statement still says check 302, so I am doing screen grabs or printing into a PDF my online statements so i can remember what the checks were, and also doing screen grabs of the cancelled checks when I think it might be a good idea. Anyway, I am not sure I am doing it all the best possible way but live and learn, right? and that's why we are on these forums- learning so much from everyone's experience.

Good luck with your yellow letters!