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A comment on Urgent: Sign the petition now. Parent comment

Re:Urgent: Sign the petition now by kelnos on Saturday March 11, 2023 @07:25PM (#35114664)
If you can, then do that. "Bank with too-big-to-fail bank" is a rational choice that you could make while doing a risk assessment.

Unfortunately, many small companies and first-time founders can't get a business account at one of the big banks. Hence: SVB. I don't think this means we should automatically bail them out, though.

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Re:Urgent: Sign the petition now by trogdor on Sunday March 12, 2023 @01:59PM (#35123664)
>Unfortunately, many small companies and first-time founders can't get a business account at one of the big banks.

Why? I opened my first business account at Bank of America moments after I created the legal entity.

Opening a business bank account is straightforward. Unless there is a KYC issue, you can do it all online in minutes.

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