Re:Brex wants to replace startup bank accounts with Brex Cash
by pjc50 on Thursday October 03, 2019 @05:54AM
(#21145246)
Normal for consumer banks, yes. Business banking is rougher. The RBS treatment of small businesses was notorious: https://www.theguardian.com/business/2018/feb/12/confidentia...
Re:Brex wants to replace startup bank accounts with Brex Cash
by NeedMoreTea on Thursday October 03, 2019 @06:42AM
(#21145502)
Predatory lending and fraud isn't really a feature of business banking. Predatory and fraudulent lending isn't restricted to business - though perhaps may be more lucrative. Banks do rather have the deserved reputation of lending an umbrella to ask for it back should it rain.
The bullets the GP lists were standard features of the high street business accounts I've had. Didn't care about reward points, but I don't seek those on personal accounts either. :)
What you describe is basically a normal (northern) European bank from the sound of it.
The only difference is the interest rate, in my own bank I get lower rate until I hit a certain threshold, but it's the same account and there are no limitations on withdrawals etc. If you offer 1.6% from the first dollar than that is slightly better.