Thursday, 2 August 2018

Your Private Banker?

I've Been Banned!

I went in to my bank last week and was asked to leave!

Okay okay hear me out... it's not as bad as you think! There's a story behind it.

Every time I go into my banks (I use 2 banks for my business) I practically say "Hi!" or exchange pleasantries with everyone I meet. (I let them know that I work them because of the amount of service charge that they deduct from my account every month.)

So on this particular morning I went to a meeting with my account officer for a new business savings account and chatted with a few people as the bank was not exactly full.

That prompted one of the senior managers to come out of his office and declare that they were going to ban me from coming into the bank! He said that I would have to only use their online banking because every time I come in there, the productivity of the bank goes down!

What? I was horrified!

He laughed and continued to ask me something about if I was watching the cricket. As if...

I tell you this story to let you know that it's very important to have a great relationship with your bankers... especially if you're a small business owner!

Having good relationships with your bank will:

enable them to understand you and your business well
allow your business to apply for unsecured overdrafts if you're servicing your account well
allow some leniency with respect to certain aspects of your account

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