Part 6/11:
The jurisdiction of your company’s registration affects your banking options significantly. Some jurisdictions offer easier banking solutions than others, and making a poor choice during registration can come back to haunt you.
Lesson 12: Tightening Transaction Policies is a Red Flag
If your bank begins to restrict outbound transactions, this could signify deeper issues. Being proactive and moving your funds before restrictions intensify is advisable.
Lesson 13: Changes in Correspondent Bank Relationships
Should your bank inform you of a change in its correspondent banking relationships, evaluate the situation carefully. A downgrade in these partnerships can indicate banking stress and necessitates moving your funds.