Formations support all other business bank accounts but will require some changes in the process. Below you will find the instructions for how to open your new business bank account and connect it to Formations.
Other Bank (non-preferred)
Since Formations is currently not able to open an account on your behalf with other banks, you will need to manage the creation and connection on your own. Each bank has its own process for opening business accounts. In general, you will need to go to a branch, provide supporting documents, and sign their internal documentation. Once that is complete, we will need your direct deposit information and view-only access to the account.
You will need to download and print a copy of your Operating Agreement, EIN Letter, and Articles of Organization to provide to the bank when opening the account. You can access these documents in the Documents Hub in your Formations account at https://app.formationscorp.com/documents/. Please let us know if you have any issues accessing these documents and inform us when you have your new account set up.