What is the process for opening a bank account?

You can apply for a bank account through Clerky 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 banks 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 our partner Mercury while you’re waiting for the IRS to issue the EIN.

When you're ready to open an account, go to the Banking page for your team and our software will help you get started.

How long it takes to complete the account opening process depends on the partner bank, and on your specific circumstances. It's often as fast as a few business days. After the partner bank opens the 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.