David Meinert, owner of several Seattle businesses, including 5-Point  Cafe, Big Mario's Pizza and Onto Entertainment, recently switched his  business accounts from Bank of America and Chase to Seattle Bank. He  says many small-business owners he knows are following his lead -- they  have also been wanting to make a move but were just waiting for someone  to point them to a good local alternative. So if you're fed up with the  big guys and ready to transfer to a small bank or credit union, how do  you find the right one? Attorney, author and small-business advocate Barbara Weltman provides these tips for a smooth transition:
                       Get referrals. Not all small, local, regional,  community banks are created equal. Ask your circle of friends and  associates for referrals. "Just as you would for finding a good doctor,  lawyer or insurance agent, you have to ask around to find a good  banker," Weltman says.
Beyond your immediate circle, be sure to also ask around at  networking events. It helps that small banks are out there looking for  you, too. "I've met a number of small-business bankers at local  networking events," Weltman says. "They want new customers."
Research the fees. "Let's face it -- banks have to  make money, so you're going to have to pay one way or the other," says  Weltman. "Obviously, there are monthly costs you want to assess --  checking fees, check cashing fees, ATM fees, payroll deposit fees,  direct deposit for employee payroll checks, business credit cards. They  have a complete menu of banking services. You want to know exactly what  it's going to cost you." Also, if you're planning on joining a credit  union, ask whether they charge membership fees.
Ask about small-business programs. "A lot of banks want to attract small business with special features," Weltman says. Ask about low fee or no fee checking. 
Communicate and negotiate. "If the reason you're  moving is access to credit, it's better to have that talk upfront and to  come clean for the reason you're making the change and share some  financial information, to be sure it's really going to happen," says  Weltman. The good news: "Because the small banks and community banks are  more interpersonal, a lot of these features are more negotiable," she  adds. "Ask 'what can you do for me?'"
Visit in person. Though a lot can be done online,  Weltman says, "I'm old-fashioned. I think pressing the flesh makes a  difference." Also, remember that one of the major benefits of banking  with a small bank is the opportunity to have a personal relationship, so  seeing how you click with the banker should be an important  consideration.
   Be patient. As tempting as it may be to stage a  quick exodus from a big bank to send a message, making the switch may  not be as simple as closing a Netflix account. Weltman says the actual  changeover may take about three months or at least two checking  statements. "Make sure outstanding checks have cleared," she says."It  may take a while. It's not so much that it's complicated -- it's just a  matter of making sure everything has cleared before you close up the old  accounts." As a result, she warns you may have to pay duplicate fees  for any period of overlap.
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