Difference between revisions of "Bank Account"

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(taking a stab at questions from Roj)
(noting decision and linking to ledger)
 
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==Decision==
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Jon and Adam opened a free business checking account at SunTrust on July 16, 2009. Jon will maintain this [http://spreadsheets.google.com/ccc?key=tZ8BX2cpPkHS4Rb8hIhyKDg public ledger] until a treasurer is duly appointed.
 +
 +
==Discussion==
 
Suntrust looks good to me: lots of locations and free transactions. If you find a bank that you think offers a better value, add it to this page. -[[User:Jonlesser|Jonlesser]] 06:06, 3 July 2009 (UTC)
 
Suntrust looks good to me: lots of locations and free transactions. If you find a bank that you think offers a better value, add it to this page. -[[User:Jonlesser|Jonlesser]] 06:06, 3 July 2009 (UTC)
  
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* I think the value is a function of convenient location (to Baltimore) and low fees. I don't really care if the bank has branches in other places. We can always changes banks down the road if we find we really need to.-[[User:Jonlesser|Jonlesser]] 06:43, 3 July 2009 (UTC)
 
* I think the value is a function of convenient location (to Baltimore) and low fees. I don't really care if the bank has branches in other places. We can always changes banks down the road if we find we really need to.-[[User:Jonlesser|Jonlesser]] 06:43, 3 July 2009 (UTC)
  
−
==== Attributes:====
+
{| class="sortable" border="1"
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* '''Website:'''
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|+Sortable table
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* '''Check card:''' ''(Like an ATM card, but with a MC or Visa logo and can be used where MC or Visa are accepted, with some exceptions)''
+
|-
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* '''Baltimore locations:'''
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! Bank !! Account Type !! Check Card !! Monthly Fee !! Min Balance !! Free Transactions !! Free Cash processing? !! Online Banking !! Online Billpayment || Locations !! Notes
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* '''Monthly maintenance fee:'''
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|-
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* '''Minimum Balance:'''
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| SunTrust || [https://www.suntrust.com/portal/server.pt/community/free_business_checking/936 Free Business Checking] || Yes || $0 || $0 || 150 || $5000 || Yes || Yes || [http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=SunTrust&sll=39.312519,-76.613846&sspn=0.079158,0.181789&ie=UTF8&ll=39.314246,-76.613846&spn=0.079156,0.181789&z=13 map] [https://www.suntrust.com/portal/server.pt?space=Redirect&CommunityID=1597&ui_OrigAddress=&ui_OrigCity=&ui_OrigState=Select%20a%20State&ui_OrigZip=21218&ui_Criteria=Branch_Instore list]  
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* '''Free transactions per month:'''
+
|-
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* '''Free cash processing:'''
+
| Wachovia || [https://www.wachovia.com/foundation/v/index.jsp?vgnextoid=216229dc160aa110VgnVCM1000004b0d1872RCRD Free Business Checking] || Yes  || $0 || $0 || 150 || $5000 || Yes || Yes || [http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=wachovia&sll=39.305214,-76.608696&sspn=0.075314,0.181789&ie=UTF8&cd=1&ll=39.30973,-76.608696&spn=0.078629,0.181789&z=13 map] [http://wachovia.via.infonow.net/atmbranch/AdvancedSearchAction.do?country=USA&searchCustom__adv=false&searchCustom__locationTypeBranch__IsPresent=TRUE&searchCustom__branchWeekendHoursIsPresent=TRUE&searchCustom__branchExtendedHoursIsPresent=TRUE&searchCustom__branchSafeDepositBoxesIsPresent=TRUE&street1=&city=&stateProvince=&postalCode=21218&searchCustom__locationTypeBranch=BRANCH&mapAndList=listOnly&SEARCH=Search&country=USA list]
−
* '''Online banking:'''
+
|-
−
* '''Online bill paying:'''
+
| Bank of America || [http://www.bankofamerica.com/small_business/business_checking/index.cfm?template=business_checking Business Checking] || Yes  || $0 if Balance over $4000 otherwise $14 || $0 || 100 checks and 20 deposits then 40 cents per check and $1 per deposit || ? || Yes || Yes || [http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=Bank+of+America&sll=39.314246,-76.613846&sspn=0.079156,0.181789&ie=UTF8&ll=39.314246,-76.613846&spn=0.082476,0.181789&z=13 map]
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* '''Other:'''
+
|-
−
 
+
| M&T || [https://www.mtb.com/business/checking/Pages/FreeBusinessChecking.aspx M&T Free Business Checking] || Yes || $0 || $0 || 75 || ? || Yes || no? || [http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=M+and+T+Bank&sll=39.303686,-76.608782&sspn=0.075315,0.181789&ie=UTF8&radius=4.87&rq=1&ll=39.303686,-76.608782&spn=0.075315,0.181789&z=13 map] [http://mandtbank.spatialpoint.com/PrxResults.aspx?&LOC=39.3307529958317%3a-76.6031670135776&CT=39.3307529958317%3a-76.6031670135776%3a5.34379225324107%3a4.0078441899308&DSN=MapPoint.NA&GAD2=&GAD3=21218+%28postal+code%29%2c+Maryland%2c+United+States&IC=39.3307529958317%3a-76.6031670135776%3a32%3a21218+%28postal+code%29%2c+Maryland%2c+United+States&GAD4=USA&locType=A%2cB&FC=&site=&DBR=10 list]
−
 
+
|-
−
== SunTrust ==
+
| 1st Mariner || [http://www.1stmarinerbank.com/Business/Business-Checking/Business-Checking-Comparison-Chart.aspx#Business_50 Business 50 Checking] || Yes || $0 || $0 || 50 || ? || No || No || [http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=1st+Mariner+Bank&sll=39.302026,-76.608696&sspn=0.078638,0.181789&ie=UTF8&z=13 map] [http://www.1stmarinerbank.com/About-Us/ATM-Locator.aspx?Zip=21218 list]
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* '''Account Name:''' [https://www.suntrust.com/portal/server.pt/community/free_business_checking/936 Free Business Checking]
+
|-
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* '''Check card:''' yes
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| 1st Mariner || [http://www.1stmarinerbank.com/Business/Business-Checking/Business-Checking-Comparison-Chart.aspx#Business_200 Business 200 Checking] || Yes || $0 if balance over $3500 otherwise $20 || $3500 || 200 || ? || Yes || No || [http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=1st+Mariner+Bank&sll=39.302026,-76.608696&sspn=0.078638,0.181789&ie=UTF8&z=13 map] [http://www.1stmarinerbank.com/About-Us/ATM-Locator.aspx?Zip=21218 list]
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* '''Baltimore locations:''' [http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=SunTrust&sll=39.312519,-76.613846&sspn=0.079158,0.181789&ie=UTF8&ll=39.314246,-76.613846&spn=0.079156,0.181789&z=13 map] [https://www.suntrust.com/portal/server.pt?space=Redirect&CommunityID=1597&ui_OrigAddress=&ui_OrigCity=&ui_OrigState=Select%20a%20State&ui_OrigZip=21218&ui_Criteria=Branch_Instore list]
+
|-
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* '''Monthly maintenance fee:''' $0
+
| [http://www.carrolltonbank.com/ Carrollton Bank]
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* '''Minimum Balance:''' $0
+
|-
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* '''Free transactions per month:''' 150
+
| [http://www.theharborbank.com/ Harbor Bank]
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* '''Free cash processing:''' $5000
+
|-
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* '''Online banking:''' yes
+
| [http://www.pnc.com/ PNC Bank]
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* '''Online bill paying:''' yes
+
|-
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* '''Other:'''
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| [http://www.bankatmercantile.com/ Mercantile]
−
 
+
|-
−
== Wachovia ==
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| [http://www.bbt.com/ BB&T]
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* '''Account Name:''' [https://www.wachovia.com/foundation/v/index.jsp?vgnextoid=216229dc160aa110VgnVCM1000004b0d1872RCRD Free Business Checking]
+
|-
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* '''Check card:''' yes
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| [http://www.chevychasebank.com/ Chevy Chase]
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* '''Baltimore locations:''' [http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=wachovia&sll=39.305214,-76.608696&sspn=0.075314,0.181789&ie=UTF8&cd=1&ll=39.30973,-76.608696&spn=0.078629,0.181789&z=13 map] [http://wachovia.via.infonow.net/atmbranch/AdvancedSearchAction.do?country=USA&searchCustom__adv=false&searchCustom__locationTypeBranch__IsPresent=TRUE&searchCustom__branchWeekendHoursIsPresent=TRUE&searchCustom__branchExtendedHoursIsPresent=TRUE&searchCustom__branchSafeDepositBoxesIsPresent=TRUE&street1=&city=&stateProvince=&postalCode=21218&searchCustom__locationTypeBranch=BRANCH&mapAndList=listOnly&SEARCH=Search&country=USA list]
+
|-
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* '''Monthly maintenance fee:''' $0
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| [http://www.susquehanna.net/ Susquehanna]
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* '''Minimum Balance:''' $0
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|}
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* '''Free transactions per month:''' 150
 
−
* '''Free cash processing:''' $5000
 
−
* '''Online banking:''' yes
 
−
* '''Online bill paying:''' yes
 
−
* '''Other:'''
 
−
 
 
−
== Bank of America ==
 
−
* '''Account Name:''' [http://www.bankofamerica.com/small_business/business_checking/index.cfm?template=business_checking Business Checking]
 
−
* '''Check card:''' yes
 
−
* '''Baltimore locations:''' [http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=Bank+of+America&sll=39.314246,-76.613846&sspn=0.079156,0.181789&ie=UTF8&ll=39.314246,-76.613846&spn=0.082476,0.181789&z=13 map]
 
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* '''Monthly maintenance fee:''' $14 unless $4,000 minimum daily balance
 
−
* '''Minimum Balance:''' $0
 
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* '''Free transactions per month:''' 100 checks paid and 20 deposits per month
 
−
* '''Free cash processing:''' ?
 
−
* '''Online banking:''' yes
 
−
* '''Online bill paying:''' yes
 
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* '''Other:'''
 
−
** Each check paid after the first 100 is 40¢
 
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** Each deposit after the first 20 $1.00
 
−
 
 
−
 
 
−
== M and T ==
 
−
* '''Account Name:''' [https://www.mtb.com/business/checking/Pages/FreeBusinessChecking.aspx M&T Free Business Checking]
 
−
* '''Check card:''' yes
 
−
* '''Baltimore locations:''' [http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=M+and+T+Bank&sll=39.303686,-76.608782&sspn=0.075315,0.181789&ie=UTF8&radius=4.87&rq=1&ll=39.303686,-76.608782&spn=0.075315,0.181789&z=13 map] [http://mandtbank.spatialpoint.com/PrxResults.aspx?&LOC=39.3307529958317%3a-76.6031670135776&CT=39.3307529958317%3a-76.6031670135776%3a5.34379225324107%3a4.0078441899308&DSN=MapPoint.NA&GAD2=&GAD3=21218+%28postal+code%29%2c+Maryland%2c+United+States&IC=39.3307529958317%3a-76.6031670135776%3a32%3a21218+%28postal+code%29%2c+Maryland%2c+United+States&GAD4=USA&locType=A%2cB&FC=&site=&DBR=10 list]
 
−
* '''Monthly maintenance fee:''' $0
 
−
* '''Minimum Balance:''' $0
 
−
* '''Free transactions per month:''' 75
 
−
* '''Free cash processing:''' ?
 
−
* '''Online banking:''' yes
 
−
* '''Online bill paying:''' no?
 
−
* '''Other:'''
 
−
 
 
−
== 1st Mariner ==
 
−
* '''Account Name:''' [http://www.1stmarinerbank.com/Business/Business-Checking/Business-Checking-Comparison-Chart.aspx#Business_50 M&T Business 50 Checking]
 
−
* '''Check card:''' yes
 
−
* '''Baltimore locations:''' [http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=1st+Mariner+Bank&sll=39.302026,-76.608696&sspn=0.078638,0.181789&ie=UTF8&z=13 map] [http://www.1stmarinerbank.com/About-Us/ATM-Locator.aspx?Zip=21218 list]
 
−
* '''Monthly maintenance fee:''' $0
 
−
* '''Minimum Balance:''' $0
 
−
* '''Free transactions per month:''' 50
 
−
* '''Free cash processing:''' ?
 
−
* '''Online banking:''' no!
 
−
* '''Online bill paying:''' no!
 
−
* '''Other:'''
 
−
 
 
−
* '''Account Name:''' [http://www.1stmarinerbank.com/Business/Business-Checking/Business-Checking-Comparison-Chart.aspx#Business_200 M&T Business 200 Checking]
 
−
* '''Check card:''' yes
 
−
* '''Baltimore locations:''' [http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=1st+Mariner+Bank&sll=39.302026,-76.608696&sspn=0.078638,0.181789&ie=UTF8&z=13 map] [http://www.1stmarinerbank.com/About-Us/ATM-Locator.aspx?Zip=21218 list]
 
−
* '''Monthly maintenance fee:''' $20 if minimum balance is no maintained
 
−
* '''Minimum Balance:''' $3500
 
−
* '''Free transactions per month:''' 200
 
−
* '''Free cash processing:''' ?
 
−
* '''Online banking:''' yes
 
−
* '''Online bill paying:''' no!
 
−
* '''Other:'''
 
−
 
 
−
== Carrollton Bank ==
 
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[http://www.carrolltonbank.com/ Carrollton Bank]
 
−
 
 
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== Harbor Bank ==
 
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[http://www.theharborbank.com/ Harbor Bank]
 
−
 
 
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== PNC ==
 
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[http://www.pnc.com/ PNC Bank]
 
−
 
 
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== Mercantile ==
 
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[http://www.bankatmercantile.com/ Mercantile]
 
−
 
 
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== BB&T ==
 
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[http://www.bbt.com/ BB&T]
 
−
 
 
−
== Chevy Chase ==
 
−
[https://www.chevychasebank.com/ Chevy Chase]
 
−
 
 
−
== Susquehanna ==
 
−
[http://www.susquehanna.net/ Susquehanna]
 

Latest revision as of 21:24, 16 July 2009

Decision[edit | edit source]

Jon and Adam opened a free business checking account at SunTrust on July 16, 2009. Jon will maintain this public ledger until a treasurer is duly appointed.

Discussion[edit | edit source]

Suntrust looks good to me: lots of locations and free transactions. If you find a bank that you think offers a better value, add it to this page. -Jonlesser 06:06, 3 July 2009 (UTC)

Is number locations a relevant criterion? Is proximity to a proposed location more important?

  • I think having some centrally located branches would be nice. BofA and SunTrust (others?) are walkable from, say the Load of Fun building. -Jonlesser 06:43, 3 July 2009 (UTC)

What else do you need from a banking relationship besides a checking account?

  • I think all we need is checking. Especially at this stage. -Jonlesser 06:43, 3 July 2009 (UTC)

Is there any value in a local institution versus a national operation?

  • I think the value is a function of convenient location (to Baltimore) and low fees. I don't really care if the bank has branches in other places. We can always changes banks down the road if we find we really need to.-Jonlesser 06:43, 3 July 2009 (UTC)
Sortable table
Bank Account Type Check Card Monthly Fee Min Balance Free Transactions Free Cash processing? Online Banking Online Billpayment Locations Notes
SunTrust Free Business Checking Yes $0 $0 150 $5000 Yes Yes map list
Wachovia Free Business Checking Yes $0 $0 150 $5000 Yes Yes map list
Bank of America Business Checking Yes $0 if Balance over $4000 otherwise $14 $0 100 checks and 20 deposits then 40 cents per check and $1 per deposit ? Yes Yes map
M&T M&T Free Business Checking Yes $0 $0 75 ? Yes no? map list
1st Mariner Business 50 Checking Yes $0 $0 50 ? No No map list
1st Mariner Business 200 Checking Yes $0 if balance over $3500 otherwise $20 $3500 200 ? Yes No map list
Carrollton Bank
Harbor Bank
PNC Bank
Mercantile
BB&T
Chevy Chase
Susquehanna
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