We needed to set up a checking account-that was a fact. We wouldn’t be able to purchase all the items on our to-do list for Love Odyssey charters until we had a dedicated account and also a credit card. So yesterday Bryce and I marched off to the bank with the assumption that this would take only a few minutes. After all, he had two business accounts at this bank and I had one; we both had business credit cards and a very good credit history.
Well, the lady at the bank made us feel like we were asking for the keys to the state treasury. How much money do we each make annually? How much do we anticipate making the first year of business? Why are we starting this business? on-and-on-and-on….
Then let’s get to the type of business account. The simpliest small business checking account will be free if we use our debit card each month but cost us $13/month if we dare to forget to use it. Now I know everyone in the civilized world uses a debit card, but I’m an old-fashioned girl and I like the physical act of writing out a check (gives me time to decide whether I really need to spend the money). It seems to me that I am being punished if I want to write only checks–at the tune of $13 a month or $156 a year (hey, that’s not chicken feed!).
Now I also want a credit card for Love Odyssey charters. Well, the lady yesterday could not even delve into that. No, that was saved for another more experienced bank torturer who called me today to waste another hour of my time. We went over the same questions that yesterday’s lady asked and I had to give the same information. Interesting! After I went over all this he said he had all my answers on his computer from yesterday. Maybe the bank really trains police and detectives–make sure your answers don’t change. Anyway, after an eternity of questioning and a good ten minutes on hold while he talked to his supervisor, I was told that he would decrease the credit card limit on my other business and also on my personal credit card so he could grant me another new card for Love Odyssey. Oh, how generous! What a nice way of thanking me for doing business with his bank for twenty years and have a sterling credit history! Helen (01/05/10)