Avoid Bank Failures - How to Pick a Bank for Your Business | SVB | FDIC

In the last few weeks, we have seen major banks fail, including Silicon Valley Bank and Signature Bank -- and you may have wondered, how do you protect your business from bank failures?

In this video I review what you need to considerer when picking a bank for your business, including your needs, the different options available, and strategies for managing the risk. I also share an option for those of you located outside of the United States.

00:00 Intro
01:18 Four Options
05:21 What do you need?
08:31 Bank of America (big bank)
12:47 Bank of the West (regional)
15:25 Mercury (online)
19:39 Navy Federal Credit Union (credit union)
21:21 Why the Banks Failed
27:36 Strategies to Manage Risk

Want more info about this topic? Have a question?
Leave a comment below!
Join the Discord community:   / discord  
Sign up for the Patreon:   / elizabethpw  

—

Did you find this helpful? Please support the channel!

Free ways to support the channel:
Like this video — it helps with the algorithm!
Post a comment below letting me know!
Share the video with someone who may find it helpful
Join the Discord community:   / discord  

Money ways to support the channel:
Post a “Super Thanks” comment (hit the $ button below the video)
Tip via Ko-Fi: https://ko-fi.com/elizabethpw
Tip via PayPal: http://paypal.me/elizabethpw
Sign up for the Patreon:   / elizabethpw  

—

Legal Disclosure: I am licensed to practice in the state of California and before the United States Patent and Trademark Office. Information contained in this video is not legal advice – please seek advice of counsel. This video and description may contain attorney advertising.

Disclosure: My videos may contain reviews, recommendations, testimonials, or endorsements of other businesses, individuals, events, materials (such as books), products, services, or websites. At this time I do not receive any monetary compensation or affiliate revenue for such content. I occasionally receive free access to a service, product, or program in order to provide a review; if so, I will clearly disclose this in the video.

I am not currently accepting new law firm clients.

EPW Small Business Law PC http://www.elizabethpottsweinstein.com

Comment policy: I reserve the right to delete comments and block anyone from the channel due to threats, hostility, or spam.

#businessbanking