Switching a business bank account

Reporter: Geoff Williams

Publication: American Express OPEN Forum


Deadline: Jun 30, 2017 9:00 pm

I’m writing an article for American Express OPEN Forum about switching banks when you’re an established business. It’s one thing to do it when you’re an individual changing a personal account, but when you have a business (i.e., if you have customers paying you monthly because you’re a subscription-based business), I would think some businesses might find it to be a nightmarish experience. Happy to hear from bankers, too. I’m basically looking for hidden costs business owners should be aware of and tips for making the switch smoothly. And if anyone has any interesting anecdotes of business bank account switches that went particularly well or terribly, happy to hear those stories, too.

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