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Organizations choosing a bank

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AmyFrancine | 18:45 Sun 23rd Jul 2006 | Business & Finance
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What are some considerations firms or organizations consider when choosing a bank?
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Easy access.Some savings accounts give instant access to your account and they also have online options as well as telephone banking.
Hi AmyF

Value for money mostly. I presume what your question means is ... for example...why does powergen (FIRM / ORG) bank with HSBC (BANK).

Value for money tops the list - but then again there are considerations like lending criteria - risk control - portfolio management - exposure - and mostly if the business manager knows the CFO of the contracting firm. BIG companies tend NOT to move credit and finances around (re: ford; GM Motors) but if they are lured well - YES they do shop around as well.

Hope this helps

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