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What is a good US bank for large amounts of money and transactions?

Discussion in 'Business & Tax Advice' started by Mjordan, Sep 23, 2010.

  1. Mjordan

    Mjordan Power Member

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    Well I currently have my checking account with Regions, but my IM stuff is starting to take off and I'm moving quite a bit of money lately.

    So i'm in need of a new bank account with a different bank, and possibly multiple accounts in the future. I've heard of banks where once you have a main account, you can basically go online and create another account within a matter of minutes.

    Does anybody know what bank this is? Or just have any good advice in general for what bank I should go with?
     
    Last edited: Sep 23, 2010
  2. jmason616

    jmason616 Regular Member

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    Chase is a great bank that I have used forever.
     
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  3. Mjordan

    Mjordan Power Member

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    Ok so if I get an account with them, how hard would it be to open multiple other checking accounts with them?
     
  4. Mjordan

    Mjordan Power Member

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    Ok actually I don't have a chase bank anywhere near me, I couldn't locate anything with their branch finder on their website. So guess that's out of the question.
     
  5. No1here

    No1here Regular Member

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    Honestly, I would say that they are all equally good. The best thing to do is to check out different banks and see what perks and incentives individual banks are giving in order to lure in new clients.

    Over all though, most of the banks offer very similiar banking experiences. The only thing to watch for is if they have a minimum you have to keep in your checking account and and basically other major fees etc.

    These are all pretty standard across most banks these days here in the States but it's still good to ask.

    Also, your money is FDIC insured up to $200,000 USD so even if a bank should "go out of business" you are secure either way.

    Personally I'm rather happy with BB&T but I'm sure I'd be equally happy with just about any other bank.

    Hope this helps.
     
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  6. semar

    semar Junior Member

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    any bank is good with big amounts of cash,,lol
     
  7. MisterTwister

    MisterTwister Regular Member

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    Sorry but I disagree with the ideaof having several accounts with one bank. I have three limited companies in the UK and I use 3 different banks for each.

    My reason for this is that if one business or account runs into difficulty or you have a falling out with your bank for any reason you don't have all your eggs in one basket. Also if your multiple revenue streams require different accounts then letting the banks know you bank with their competitors can sometimes get you preferential treatment as they are looking to win your business.
     
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  8. reptile

    reptile Registered Member

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    easy. takes minutes.
     
  9. reptile

    reptile Registered Member

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    I mean. Chase is easy. Takes minutes to set up a new account.
     
  10. ExtraWinner

    ExtraWinner BANNED BANNED

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    HSBC - the best corporate bank in the world. High banking secrecy, offices in most of the countries and consultancy you can ask ANYTHING, even how to avoid taxes with them...
     
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  11. Mjordan

    Mjordan Power Member

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    I did some more research and thought, and I now 100% agree with what you've said.


    Thanks for the answer man. I decided to look at the sites of many of the banks around here, and they really all do offer just about the same things. I've already applied to three of them and can access my accounts. So easy lol. Thanks guys.
     
  12. navycliper1

    navycliper1 Regular Member

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    I'll suggest you go with Chase or BOA, yes BOA
     
  13. aldragon

    aldragon Power Member

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    I stick to Wells Fargo ;)
     
  14. dgaunn4114

    dgaunn4114 Junior Member

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    I bank with Citizens Bank, it's in the Northern US, and they just spent $100 million making their website state of the art. I use it myself and it's beautiful. You can also switch funds and create accounts immediately.
     
  15. MiLiTARYiV

    MiLiTARYiV Senior Member

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    mjordan,
    It all depends what is a large sum to you., If your just talking about a few grand $2k here and there, then any bank will do...

    If you need multiple accounts for cpa then best to use diff banks
     
  16. confined

    confined Regular Member

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    chase sucks big donkey balls. Their new check ocr thing fails multiple times.

    One time I deposited 2 checks and the atm crashed. I actually saw it booting into DOS.

    I never got my checks back.. I went inside to complain and since I didn't bring my stubs i had to guess the amount. I was off by a few dollars.

    They said they would credit my account after they found the checks.. it never happened.

    When I tried telling them what happened nobody seemed to know what the heck i was talking about. They pretty much just kept the money, the checks went through. Avoid.
     
  17. [̲̅$̲̅(2̲̅)̲̅$̲̅]

    [̲̅$̲̅(2̲̅)̲̅$̲̅] Registered Member

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    chase sucks. +1 for HSBC. Whatever anyone does, DO NOT USE BANK OF AMERICA. if you do you'll be sorry.. and I'll just leave it at that
     
    Last edited: Oct 14, 2010
  18. scubasteve

    scubasteve Junior Member

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    I've been using bank of america for about 10 years now, and never one single issue.
     
  19. BorisTipsIt

    BorisTipsIt Regular Member

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    B of A is in trouble b/c holding tons of bad mortgages. Try Union Bank. Something without a lot of mortgage holdings. Agree with previous post in that I usually split them up between banks.
     
    Last edited: Oct 14, 2010
  20. dsnking

    dsnking BANNED BANNED

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    hmm..will HSBC bank block or investigate one account if the person deposited more than 10K at one goal? from many different affiliate programs?