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Updated over 4 years ago on . Most recent reply

User Stats

603
Posts
130
Votes
Adam Craig
  • Investor
  • Cleveland, OH
130
Votes |
603
Posts

Should I switch my deposits to a small bank?

Adam Craig
  • Investor
  • Cleveland, OH
Posted

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?

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