Ask HN: what US bank do you usually use for your startup?

6 pointsrush-tea13y ago4 comments

Just curious, when you start your startup, what US bank do you use? which one is more friendly, provide better service and competitive fees for small startup?

Thanks.

4 comments

4 comments · 4 top-level

damoncali13y ago

Use a regional bank. Most have no fees for business checking accounts. I use Frost Bank - http://frostbank.com . They have iPhone deposits, decent online banking and I haven't paid them a dime in 8 years.

rush-teaOP13y ago

I asked the bank rep about if they open up their backend API for payout processing. Most came back to me with '??'. lol. what exactly should I ask them?

Do banks have their API open for us to do payout?

oh yeah, from my investigation, I found that wells fargo has the best fee, 0 fee if i have checking and savings acc and do monthly transfer between them.

callmeed13y ago

I like Chase. Their online/mobile tools are great.

dynabros13y ago

citi is decent. their backend looks like it was developed in the 70's, but it works

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