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Bank Experiences
Dec. 6th, 2010 01:04 pmDoes anyone have experience (good or bad) with either New Alliance or Webster banks?
I'm look for a new back to open my business accounts (operating and trust), and I am unwilling to do so with a national bank. Our personal accounts are with a national bank, and we've been talking about switching away for a while. I'm definitely not opening new accounts there.
I would prefer a fairly local bank, or at least a CT-focused bank. I like the sound of Liberty Bank, but the lack of a branch within 20 minutes of here makes it not appropriate for what I need. I think right now New Alliance is a little ahead in the running... Since they operate in MA, I should be able to open an MA IOLTA account there if I need to. Supposedly, Webster has specialized reporting for their IOLTA accounts online.
Argh. So many decisions.
* IOLTA is a acronym which stands for "interest on lawyer trust accounts." Basically, if an attorney is holding funds for you, the interest goes to a state fund used for various purposes (depending on the state).
I'm look for a new back to open my business accounts (operating and trust), and I am unwilling to do so with a national bank. Our personal accounts are with a national bank, and we've been talking about switching away for a while. I'm definitely not opening new accounts there.
I would prefer a fairly local bank, or at least a CT-focused bank. I like the sound of Liberty Bank, but the lack of a branch within 20 minutes of here makes it not appropriate for what I need. I think right now New Alliance is a little ahead in the running... Since they operate in MA, I should be able to open an MA IOLTA account there if I need to. Supposedly, Webster has specialized reporting for their IOLTA accounts online.
Argh. So many decisions.
* IOLTA is a acronym which stands for "interest on lawyer trust accounts." Basically, if an attorney is holding funds for you, the interest goes to a state fund used for various purposes (depending on the state).
