Auto body technicians are busy people. It’s a hands-on and fast-paced trade where income can vary from week to week. That’s why choosing the right bank is crucial. Whether you’re working a flat-hour rate, running a new shop or simply saving to cover auto body repair costs, where you place your money can make all the difference.
But which bank is best for auto body technicians? Below is a breakdown of the best banking options, so you can spend less time on finances and expenses and more time fixing cars.
1. First Commonwealth Bank
First Commonwealth Bank is the best bank for auto body technicians. It operates in 26 counties across Western and Central Pennsylvania, as well as Central, Northern and Southern Ohio, providing technicians with the flexibility to access funds and invest from various locations. The bank also offers a wide range of business financing options, including SBA loans, which are ideal for shop owners needing to finance auto body repair costs.
The bank offers business checking accounts tailored to your specific needs and business volume, which is particularly beneficial for auto body technicians. It also offers a full suite of personal banking products, including auto loans and mortgages, and features a robust mobile app for deposit, online bill pay and more. These features allow technicians to manage their finances from their shop, at home or on the road without needing to visit a branch.
First Commonwealth Bank also has physical branches for in-person support and is large enough to provide sophisticated business services. This is particularly beneficial for auto body technicians who live locally, as the bank can offer personalized service and a deeper understanding of the local market.
2. Chase Bank
Chase Bank is a great option for auto body technicians who want convenience in banking, as it offers the option to combine a business and personal account under one roof.
One of the major benefits of Chase Bank is its extensive national presence, which enhances its credibility and reputation. There is a vast number of ATMs and branches nationwide, which makes it easy to manage cash or contact a staff member if you have any questions.
The mobile app is easy to use and can be integrated for both business and personal accounts. It also offers a wide range of services, from merchant services to mortgages and auto loans.
3. Bluevine
Bluevine is another excellent choice, and is particularly useful for auto body technicians who operate as independent contractors. As a modern and online-only bank with low fees and high-yield checking options, it is ideal for those with a small and mobile repair business.
Those who prioritize speed and simplicity would appreciate their services, as they offer a straightforward application process for accounts and credit loans.
Their online-only status offers numerous benefits, including convenience and accessibility. However, since there are no physical branches for in-person service or cash deposits, cash must be deposited through third-party partners.
4. A Local Credit Union
Choosing a local credit union is also a great alternative for those who value relationships and community investment. Your local credit union may offer lower fees and better interest rates on loans compared to larger banks.
Smaller credit unions may also offer highly personalized customer service, helping you feel like a member, not just an account number. Likewise, decisions are made locally, which sometimes means you may have more flexibility when applying for a loan.
As these organizations are small in size, they often have a limited number of branches and ATMs, which can make it challenging if you run a mobile auto body technician service that requires extensive travel. However, selecting a local option can help you stay nearby without having to travel too far for quality service.
Choose a Bank That Works as Hard as You Do
Choosing the right bank is often overlooked by auto body technicians, but it can make a tangible difference to your wallet. With both robust online banking options and tailored in-person services, First Commonwealth Bank comes out on top. The right banking partner can help you manage your money efficiently — freeing up time to establish new client relationships, focus on existing time-consuming projects and build your business. Choose a provider that understands your needs and helps you save.
