Banks are just too unpredictable. It makes it hard to run a cash-flow business when your bank acts irrationally.
I’ve deposited 6 checks from a client over the last few months – all cleared within a few days. Last Friday I deposited a check that is "on hold" for ten days. Same company, same account. Never a problem with the checks before.
The bank has no clue why the check is on hold, and the client has proven to me the funds are available.
Cash flow is an important consideration for any company – and you need a bank you can count on for predictability.
The partners you choose when you start a business are just as important as the product you sell. If the product isn’t working, you change it.
And if the bank isn’t working for you then it is time to change banks.