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Mega Contributor
Creditaddict
Posts: 18,807
Registered: ‎10-23-2007

New Business... Which Bank Checking and Credit Card

Navy, Chase, or Wells Fargo...

 

Who should we use for Checking and Credit Card, and/or Line of Credit Overdraft.

 

 

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007

Re: New Business... Which Bank Checking and Credit Card

If you go Navy Biz, keep us updated. They are always trying to get me to switch.

Mega Contributor
Creditaddict
Posts: 18,807
Registered: ‎10-23-2007

Re: New Business... Which Bank Checking and Credit Card

After a call by my partner to Wells (He has been a Customer since he was 15-16 and has Checking, Savings, Credit Card, and Line of Credit and they are offering him "Platinum Checking" and linking to all his personal accounts for FREE!

 

As much as I dislike Wells in the past this is pretty good (actually better then Navy which I had to fight my hands just to type!) but his biggest point is I will only need a credit card, I will not need cash, will not need to go to bank, and will not be doing the books (that's all him) so "My" issues with them shoudn't matter!

 

So think it's Wells!

 

Now to the credit card!!

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
New Contributor
Project17
Posts: 137
Registered: ‎11-21-2012

Re: New Business... Which Bank Checking and Credit Card

Local credit union always!
Mega Contributor
Creditaddict
Posts: 18,807
Registered: ‎10-23-2007

Re: New Business... Which Bank Checking and Credit Card


Project17 wrote:
Local credit union always!

We don't really have any that we are a member of, qualify for, or want to be with!

I'll stay with Navy for that!

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
Moderator
webhopper
Posts: 7,230
Registered: ‎09-16-2011

Re: New Business... Which Bank Checking and Credit Card


llecs wrote:

If you go Navy Biz, keep us updated. They are always trying to get me to switch.


I have Navy Biz shareSavings and Checking.  

Moving funds from personal accoutns are easy and credited the same day using Member to Member transfer.

 

I have not applied for any Navy credit products yet.  I am waiting until 2014, as I expect to have much better business profit this year.


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



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Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007

Re: New Business... Which Bank Checking and Credit Card


webhopper wrote:

llecs wrote:

If you go Navy Biz, keep us updated. They are always trying to get me to switch.


I have Navy Biz shareSavings and Checking.  

Moving funds from personal accoutns are easy and credited the same day using Member to Member transfer.

 

I have not applied for any Navy credit products yet.  I am waiting until 2014, as I expect to have much better business profit this year.


Oh, that's cool. My only holdback is that most all of our employees aren't eligible unfortunately. But I also know bringing in our income would give us quite a bit of leeway with NFCU in terms of credit products (though we hardly use biz credit anymore).

Moderator
webhopper
Posts: 7,230
Registered: ‎09-16-2011

Re: New Business... Which Bank Checking and Credit Card

Do employees have to be eligible in order to be authorized signers and / or authorized credit card users?  I haven't gotten that far into it, as I don't have employees.  

 

I thought only the business owners had to be eligible.

 

Also, according to the pamphlet I received about ordering checks, you can order blank checks that work with your QuickBooks accounts...  if you use quickbooks. They had the option of ordering different types of checks, including payroll checks

 

 


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Moderator
webhopper
Posts: 7,230
Registered: ‎09-16-2011

Re: New Business... Which Bank Checking and Credit Card

FYI,

 

There is an Authorized User disclosure, where a member can grant a person to access and use the checking account and bill pay service.

 

https://myaccounts.navyfcu.org/cgi-bin/ifsewwwc?ShowTemplate&template=NFCU652A.html

 

It seems as though they are not requiring the authorized use to actually BE a member


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Mega Contributor
Creditaddict
Posts: 18,807
Registered: ‎10-23-2007

Re: New Business... Which Bank Checking and Credit Card

2 points per $1 after only $4k spending sounds good too! no max!

 

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:

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