If you are looking for a construction loan bypass this bank. They owe you no duty to protect you. Everything they do is for the use and benefit of the bank and not for the benefit or protection of the borrower. Check my blog at tarider1.blogspot.com
Lies, Lies and more Lies
I deposited a check for $58,000 from Burlington Coat Factory (even though it was a reputable company with a reputable bank/ JP Morgan Chase) they put a 10 day hold on that check...My biggest concern was that I was going to bounce payroll for my employees. I was assured by my bank manager they would release $4,000 of the 58,000.00 check.
Well on the Monday, the payroll company contacted me due to insufficient funds. I called the bank manager who assured me there would be no issue only to find out the funds would not be released until the Thursday..Moving forward I was told to only deposit cashiers checks for the quicker cash flow but the following week I came in with two cashiers checks from Ross (WELLS FARGO) and TJ Maxx (The Bank of New York Mellon) and they told me the CASHIERS CHECKS WOULD HAVE AT LEAST A TWO DAY HOLD AS WELL!!!!!
If your business needs cash flow THIS is not THE bank.....I immediately switched to Wells Fargo and all my Checks are released at midnight the following day...SO HAPPY!!!! And these are substantial checks....this has saved my business!
I've had accounts with the bigger banks such as Bank of America and Wells Fargo. I've realized that the bigger the bank gets the less customer service We get. I chose to go with a local community bank and I made the right choice of joining first citizens bank. They're very friendly and professional I really don't have any complains I like the accounts they offer and the fact that they're always eager to help me.