Greys & Things

I am the owner of a home-based business.  I have been in business since 1995.  Things were going great until about two year.  I was an independent contractor and the company I did work for decided to move the work to India.  I adjusted to the loss of business, but then last year, more of my business dropped off.  I have used the same bank for probably ten years or more.  I have my business account, personal checking and personal savings there.  They require their business accounts, even the small people like me, to have $1,000 in their accounts at all time or they charge a service charge.  It really wasn’t a problem until about two years ago. 

I shopped my account around and a found a bank who would not require a minimum balance and who also gave me a debit card as well as on-line banking.  My old bank did not offer these things on my business account.  I went to my bank today and asked if they had any other type of account that I could get into even if it meant paying for transactions.  I was told a flat no.  I promptly closed my account and opened the new account elsewhere.  I should have done this two years ago.  I feel so good.  I ended up getting the account without a monthly fee and gained the debit card and online banking.    I guess I’m a fool for remaining loyal to my old bank because they definitely don’t care about me.