One bank to avoid

parrot head

parrot head

n/a
Dec 22, 2008
730
16
0
Minneapolis Minnesota
Guaranty Bank.

This place obviously has no clue about how businesses operate. I opened a business checking account here about 3 months ago for my LLC. First, it took almost 2 months to receive my debit card, what a joke right? I almost closed it then... BUT Now yesterday they just decide to close my account. Reason they gave me cuz I am not listed on my business articles as the organizer! Really seriously? So I paid someone to setup my llc for me, who doesn't these days? And after 3 fucking months! I literally stood their laughing my ass off at the teller.. i know it wasn't her dealing, but come on?

Anyways the bank is a joke. Stay away.

Now can anyone recommend me a bank that understands these basic business principles?

kthxbai
 


yeah- this guy

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Oh wait- that's who you already used
 
You should get an account with the barbarians from the capital one adds. They know a lot about banking.
 
papajohn56 said:
if they manage your account best, who cares; wait nevermind there was a thread on reddit telling people to do that.
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What? You sure seem to read Reddit a lot. Anyway, other than having a shit ton of locations, I can't see one reason to go with a bank once it expands more than 25-50 miles from your location. First, they are going to know who you are, so service is going to be more personable. Second, if they don't have a massive amount of customers, they can't pull the same shit large banks do. I've never once been charged a fee for anything at my bank. On the few occasions that I did have an overdraft fee, I just called up and they removed it without question. Try getting that at Bank of America.
 
subigo said:
What? You sure seem to read Reddit a lot. Anyway, other than having a shit ton of locations, I can't see one reason to go with a bank once it expands more then 25-50 miles from your location. First, they are going to know who you are, so service is going to be more personable. Second, if they don't have a massive amount of customers, they can't pull the same shit large banks do. I've never once been charged a fee for anything at my bank. On the few occasions that I did have an overdraft fee, I just called up and they removed it without question. Try getting that at Bank of America.
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I've been with Wachovia. I had 2 overdrafts over the course of like, 6 years, and both of them were refunded, no questions asked. I go where I get the best rates, ATM refunds, access to my money, and other benefits. I like having access to a branch outside of my area if necessary. I'm not happy with the stupid shit that was pulled, but on my end, it didn't really affect my account.
 
subigo said:
What? You sure seem to read Reddit a lot. Anyway, other than having a shit ton of locations, I can't see one reason to go with a bank once it expands more than 25-50 miles from your location. First, they are going to know who you are, so service is going to be more personable. Second, if they don't have a massive amount of customers, they can't pull the same shit large banks do. I've never once been charged a fee for anything at my bank. On the few occasions that I did have an overdraft fee, I just called up and they removed it without question. Try getting that at Bank of America.
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Are you talking about personal or biz banking?
 
it's common to need a resolution from your llc members (even if that is just you) to establish the account, but they should have told you that when you opened it.. it's just a simple letter you type up and sign.
 
Meh. I do Bank of America, Chase, and 2 local banks with like 3 branches. Never had any serious problems
 
I don't like small banks. I would be afraid that one Friday night the FDIC would come in and close it down. And if you have over $100k (or 250k I think it is now) in the account you may lose anything above that amount. That would COMPLETELY suck.

If you go with a giant bank, the chances of that happening are almost 0. But I probably still wouldn't keep too far over the limit in them.

I have accounts at Bank of America and I've never had any problems besides them freezing my cards for "irregular activity". The only fees I have gotten is like 2 $1.50 international charge fees. I know someone that complained about overdraft fees at BoA and they refunded the fees. My only other complaint is that you should be able to do more online and the way they handle cd renewal is really stupid and if you want to do anything with an ira you usually have to go into a branch and wait forever.
 
r3p1v said:
I don't like small banks. I would be afraid that one Friday night the FDIC would come in and close it down. And if you have over $100k (or 250k I think it is now) in the account you may lose anything above that amount. That would COMPLETELY suck.

If you go with a giant bank, the chances of that happening are almost 0. But I probably still wouldn't keep too far over the limit in them.
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I hope you're joking. If a bank fails, ANY bank, you are only insured for $250k. And umm... the FDIC doesn't have the authority to close down anything, lol.

http://www.fdic.gov/bank/individual/failed/banklist.html
 
subigo said:
I hope you're joking. If a bank fails, ANY bank, you are only insured for $250k.
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That's what I said wasn't it?


subigo said:
And umm... the FDIC doesn't have the authority to close down anything, lol.
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Don't they go and close down what they think are "failed banks" every Friday night. Aren't almost all of those small regional/local banks?
 
r3p1v said:
That's what I said wasn't it?




Don't they go and close down what they think are "failed banks" every Friday night. Aren't almost all of those small regional/local banks?
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Our Government under the great B. Obama would never go out and over reach their authority and take over a bank.

That's like saying that they would make banks take bail out money even if they didn't want it. lol@you
 
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