Your Bank Closed Your Business Account (Do This in the First 48 Hours)
Your bank closed your business account and the letter does not say why. A 48-hour checklist, the diagnosis (your risk profile against the bank's risk appetite) and what a business needs to do to get back in.
Transcript excerpt
Your bank just closed your business account, but the letter won't tell you why. Most founders now overreact and they think that they're blacklisted from the entire banking system, but that's almost never the full story. In most of the legitimate cases we handle, the real cause is actually a mismatch between your risk profile and the institution's risk appetite, and this mismatch can actually be diagnosed and fixed. However, how you react and what you do in the next 48 hours actually decides if this is just a bad week or if this becomes a broken business. So, the checklist comes first, then the diagnosis, and then what a business like yours needs to do in order to get back in.
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