| littleredengine07 | 10-25-2015 11:28 AM |
Re: Banks and chexsystems
I think the biggest issue why they ask these question is because KYC/AML. As long as you don't look like your some sketchy or shady character. They will open up the business bank for you. Just keep your conversation to minimal. Banks don't need to know your business.
Banks feel at rest when you do ACH and some banks count PP deposits as direct deposit.
Just acting the part is half the battle. Make sure you know what your talking about. I believe this is biggest issue with people opening banks. They talk to much, end up putting a foot in there mouth. Then when the banker asked questions about the business they have no clue about there business. Just go in there with confidence. Most business owners don't have time to chit chat because they running a business. So a business banker should understand.
Its like anything the more they know about you. The more they can ask you questions and point out your weaknesses.
Also attach savings accounts each bank account. They are free. Wells Fargo tends to be worst out of the big banks. They ask too many questions. Chase and Citibank tend to be very efficient. Bank of America is in the middle. Well Fargo too many questions. If you want to use WF. make sure to be ready to be spammed every time you go in with questions of opening up a personal bank account.
Chase is my favorite out of the big 4. Quote:
Originally Posted by nodeal
(Post 716449)
I've had some minor issues in the past when trying to open with a bank in branch when my registered address is not nearby. They might look at you a little funny or ask a few extra questions, but as mentioned, at the end of the day the bigger banks will still more than likely open the accounts for you. The smaller community and local banks might give you a problem though.
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