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Updated over 4 years ago,
Should I switch my deposits to a small bank?
I have banked with Chase for most of my left. 4 checking accounts, 3 credit cards, 1 line of credit all under one roof is nice.
I do have lines of credit with 3 other banks but I dont keep deposits with them.
In attempting to refinance my commercial office building, one of the bankers said they would have more lending flexibility if I had my accounts with them. I still dont understand how that is any different than providing my chase bank statements. Are they really going to look at me safer if my 100k+ cash reserves were with them instead of Chase?
So is it worth it to make the switch to a small bank in hopes they can help me now and in the future on commercial loans?