The author shares a cautionary tale about their experience with Chase Bank freezing $180,000 of their money without warning, causing chaos for their business. They highlight the importance of diversifying banking partners and choosing financial institutions that support small businesses. The author also reflects on the lack of customer loyalty in modern banking and shares valuable lessons for entrepreneurs, such as not relying on big banks, diversifying accounts, and being prepared for unexpected challenges. They ultimately found solace in Mercury Bank, which provided the support and services Chase did not. Through this ordeal, the author emphasizes the need to choose a banking partner that truly supports your business journey.
https://jxnl.co/writing/2024/09/21/chase-bank-small-business-nightmare/