Changing Banks - National vs Local

[Matt Hoiles]

I've recently moved from NYC to Nashville and have just realized Chase Bank doesn't have any TN locations.

I'm now considering which bank I should go with... Bank of America is close to home, but wondering whether it's worth starting a relationship with a local bank.  We just purchased a multi-family with Bank of Tennessee, but unsure whether we want to tie all our banking up with a smaller, local bank.

What do you guys think?  The positives / negatives of moving our banking to a national, and local bank.

[Luka Milicevic]

My personal account is with Bank of 'Merica. I prefer using a large bank for my personal stuff.

I also have one business account with them and with Franklin Synergy.

Your local bank will definitely prefer you have a depository account with them but it won't be the cause of you not getting a loan.