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

New Business... Which Bank Checking and Credit Card

Creditaddict — Fri, 22 Mar 2013 16:03:03 GMT

Navy, Chase, or Wells Fargo...

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

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

llecs — Fri, 22 Mar 2013 16:36:57 GMT

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

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

Creditaddict — Fri, 22 Mar 2013 16:42:03 GMT

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!!

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

Anonymous — Sat, 30 Mar 2013 21:36:22 GMT

Local credit union always!

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

Creditaddict — Sun, 31 Mar 2013 01:01:35 GMT

@Anonymous 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!

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

webhopper — Wed, 03 Apr 2013 18:01:10 GMT

@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.

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

llecs — Wed, 03 Apr 2013 18:42:27 GMT

@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).

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

webhopper — Wed, 03 Apr 2013 19:49:08 GMT

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

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

webhopper — Wed, 03 Apr 2013 20:04:32 GMT

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

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

Creditaddict — Wed, 03 Apr 2013 22:07:43 GMT

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

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

webhopper — Thu, 04 Apr 2013 01:19:43 GMT

The visa extras points aren't worth much... 21000 pts for a $50 gift card...

Um no thanks.

The business rewards mastercard from nfcu has higher value points with a return rate of up to 1.7%

No minimum spend.