What is the process for opening a bank account?

Clerky can help you get started with banking after you've incorporated your startup and completed the post-incorporation setup. You can find more information about how long these prerequisite steps take in How long does it take to form a company on Clerky?. Be aware that most banking platforms also require your startup to have obtained an EIN as a prerequisite to opening an account. However, if you applied for an EIN through Clerky, you can apply for a bank account with Mercury or Rho while you're waiting for the IRS to issue the EIN.

When you're ready, go to the Banking page for your team.

How long it takes to complete the account opening process depends on the banking platform you pick and on your specific circumstances. It's often as fast as a few business days. With nearly all banking platforms, after you get a bank account, your wire instructions will be automatically uploaded to Clerky. You'll then be able to auto-fill that information when using our Fundraising products so that your investors will know where to wire funds.