I already have a bank account, why do I need to do Bank selection?

When you start with Formations, we ask you for your bank preference so we can help you open a business bank account and connect it to Formations. It's a critical part of the configuration process. Use this article to learn how the process works

Formations partner with a few banks to offer a more smooth and streamlined process. These include Chase, Bank of America, Relay Bank, and Wells Fargo. Additionally, Formations supports all other business bank accounts but will require some changes in the process.

Using one of the banks recommended by Formations helps in setting up your business account faster. These are our partnered banks that integrate seamlessly with our software and faster compared to the other banks available, thereby eliminating hours of manual work you’ll otherwise have to do throughout the year.