Having personal accounts with Bank of America for more than 10 years, when it was time to look for a business bank we did what one expects -- go with who you know.
2009: Met the local banker and they were thrilled to have us.
2017: Without warning. Locked out of account; could not even view because the account was CLOSED. All funds frozen. Local banker said sorry there was nothing they could do.
3-months later: we get a check MINUS their fees including late fees for failing to pay credit cards on time (remember we can access or see accounts -- nor can we move money between checking to pay the credit card account).
Called Metis wherin she said to shop around for a community bank. We are in Texas. That was not going well. Approached Wells Fargo who had just been hit with fines for fraudulent accounts and the local banker called corporate and reviewed our situation.
Net-Net: Still going strong with Wells Fargo after 4-years but we don't keep all funds in that single institution for fear of a repeat CANCEL.
October 2022: PayPal just advised us after a local Fetish Flea Market that ll our transaction will be held for up to 30 days. Here we go again...
I have no idea why the banking industry cares where money comes from, as long as it's legitimate. It seems like a bad business move on their part to shut out entire industries from their branches. Too bad I'm not a banker--it seems like an overripe niche to turn an easy profit...and all it would take is providing decent rates, a full menu of banking services, and good customer service. It's not like y'all are even asking for much.
In good company.
Having personal accounts with Bank of America for more than 10 years, when it was time to look for a business bank we did what one expects -- go with who you know.
2009: Met the local banker and they were thrilled to have us.
2017: Without warning. Locked out of account; could not even view because the account was CLOSED. All funds frozen. Local banker said sorry there was nothing they could do.
3-months later: we get a check MINUS their fees including late fees for failing to pay credit cards on time (remember we can access or see accounts -- nor can we move money between checking to pay the credit card account).
Called Metis wherin she said to shop around for a community bank. We are in Texas. That was not going well. Approached Wells Fargo who had just been hit with fines for fraudulent accounts and the local banker called corporate and reviewed our situation.
Net-Net: Still going strong with Wells Fargo after 4-years but we don't keep all funds in that single institution for fear of a repeat CANCEL.
October 2022: PayPal just advised us after a local Fetish Flea Market that ll our transaction will be held for up to 30 days. Here we go again...
Thank you Metis for the opportunity to share.
I have no idea why the banking industry cares where money comes from, as long as it's legitimate. It seems like a bad business move on their part to shut out entire industries from their branches. Too bad I'm not a banker--it seems like an overripe niche to turn an easy profit...and all it would take is providing decent rates, a full menu of banking services, and good customer service. It's not like y'all are even asking for much.