Organizations choosing a bank

[AmyFrancine]

What are some considerations firms or organizations consider when choosing a bank?

[jaffacake]

Easy access.Some savings accounts give instant access to your account and they also have online options as well as telephone banking.

[PFA]

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