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  • Banks for Startups in US

    Posted by Arjita on February 9, 2022 at 9:58 PM

    Hi Founders,

    As you start thinking about revenue and payments, you also need to start thinking about bank accounts. There are a few options:

    1. Mercury: https://mercury.com/

    The best thing about this bank is that it is most trusted by some of the most successful startups in silicon valley like Udemy and Mighty. They also have no minimum balance and multiple payment/ATM options.

    2. Amalgamated Bank: https://www.amalgamatedbank.com/

    If social impact is your focus then amalgamated bank is really good. All their investments go to sustainable and socially responsible endeavours. They do have a minimum balance fee.

    3. Silicon Valley Bank, Chase and BOA: Stable banks and have minimum balance fee. They are geared towards businesses and are HUGE so customer service and customization is limited.

    Let me know if you have any follow up questions here!

    Cheers!

    Arjita replied 3 months, 1 week ago 1 Member · 0 Replies
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