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)
|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|