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In the last few weeks, we have seen major banks fail, including Silicon Valley Bank and Signature Bank -- and you may have wondered, how do you protect your business from bank failures? In this video I review what you need to considerer when picking a bank for your business, including your needs, the different options available, and strategies for managing the risk. I also share an option for those of you located outside of the United States. 00:00 Intro 01:18 Four Options 05:21 What do you need? 08:31 Bank of America (big bank) 12:47 Bank of the West (regional) 15:25 Mercury (online) 19:39 Navy Federal Credit Union (credit union) 21:21 Why the Banks Failed 27:36 Strategies to Manage Risk Want more info about this topic? Have a question? - Leave a comment below! - Join the Discord community: / discord - Sign up for the Patreon: / elizabethpw — Did you find this helpful? Please support the channel! Free ways to support the channel: - Like this video — it helps with the algorithm! - Post a comment below letting me know! - Share the video with someone who may find it helpful - Join the Discord community: / discord Money ways to support the channel: - Post a “Super Thanks” comment (hit the $ button below the video) - Tip via Ko-Fi: https://ko-fi.com/elizabethpw - Tip via PayPal: http://paypal.me/elizabethpw - Sign up for the Patreon: / elizabethpw — Legal Disclosure: I am licensed to practice in the state of California and before the United States Patent and Trademark Office. Information contained in this video is not legal advice – please seek advice of counsel. This video and description may contain attorney advertising. Disclosure: My videos may contain reviews, recommendations, testimonials, or endorsements of other businesses, individuals, events, materials (such as books), products, services, or websites. At this time I do not receive any monetary compensation or affiliate revenue for such content. I occasionally receive free access to a service, product, or program in order to provide a review; if so, I will clearly disclose this in the video. I am not currently accepting new law firm clients. EPW Small Business Law PC http://www.elizabethpottsweinstein.com Comment policy: I reserve the right to delete comments and block anyone from the channel due to threats, hostility, or spam. #businessbanking