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  1. #1

    Need a new bank to fund with and pull ach payments etc…

    Thanks in advance,

    I’m looking into switching banks and wanted to know if anyone could recommend a bank to use or point me in the right direction. Currently I have to have a reserve account where we keep 3 times the amount we pull daily. Example : if we want ti pull 3k daily we need to have 9k in the reserve account.

    We set up all deals through the banks website, which we would need the same features and need the ability to set up recurring ach pulls, sending wires, and low fees would be ideal.

    If anyone can help,

    Jim

  2. #2
    Senior Member Reputation points: 81655
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,854

    Why are you switching? - All settlement bank accounts will require a adequate reserve.

    You are having an excessive ACH Rejects?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  3. #3
    optimum

  4. #4
    Member Reputation points: 38
    Join Date
    Jul 2021
    Location
    New York City
    Posts
    47

    Quote Originally Posted by dollarbillz View Post
    optimum
    Optimum has a reserve requirement
    [SIZE=2][SIZE=1]Daniel Nathan

  5. #5
    Bank of Princeton
    Ben Blumenfeld | Head Iso Manager
    Direct Lender
    ben@acreadvance.com
    Acre Advance
    (732) 284-2054

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