Bank Account

Decision

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

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