The bank application is how your company applies for its Every business checking account, and Every takes you to it after you sign up. For a company that already exists, it has five steps: Company Details, Owner Details, Ownership Structure, Upload documents and Confirm & submit.
Before you begin
Company Admins and Bookkeepers can fill in the bank application, and you’re a Company Admin once you sign up. You stay in the application until you submit it. Every saves your answers as you go, so you can leave and finish later. If your company isn’t incorporated yet, under Have you incorporated yet?, choose No instead. Every incorporates the company, then opens its bank account (see Incorporate your company).Start the application
Company Details asks about your company and how you’ll use the account.1
Confirm that your company exists
Under Have you incorporated yet?, choose Yes (Yes, I already have a company).
2
Optional: choose the products you want
Under What products are you interested in?, select the ones you want. If you select HR, Payroll, and Benefits, also choose your company size.
3
Enter your company information
Under Company information, choose your company’s type, state of incorporation, incorporation date and industry, and enter its legal name, FEIN, website, description and phone number. Fill in DBA name (optional) if your business operates under another name.
4
Answer the compliance questions
Under Compliance information, say what the account is for, where your funds come from, your expected monthly volume, the countries you operate in, whether a regulator oversees your business, what you do in the U.S. and where you and your owners live.
5
Enter your legal business address
Under Legal business address, enter a physical U.S. address. The field says: “Virtual addresses are not accepted. If no one is located in the United States, you may use your Registered Agent’s address.” A PO box isn’t accepted either.
6
Continue
Select Next.
Add your owners
Owner Details is about you. Ownership Structure lists the people who own 25% or more of the company.Enter your details
1
Answer the ownership question
Under Are you a 25% or greater owner of this company?, choose Yes or No. If you choose Yes, enter your Ownership percentage.
2
Enter your personal details
Choose your Job title and Nationality, and enter your Date of birth. You must be at least 16.
3
Enter your home address
Under Owner address, enter a physical address that you can verify with a utility bill or lease.
4
Enter your SSN or passport number
In ID verification type, choose SSN (U.S only) or Passport Number (if Foreign Person), then enter the number. For a passport, also choose the Passport country of issuance.
5
Verify your identity
In the ID Verification card, select Get started and follow the steps with your passport, driver’s license or other government-issued photo ID.
6
Continue
Select Next. It stays unavailable until your identity is verified.
Add the other owners
On Ownership Structure, you’re listed already if you said you own 25% or more. Add each other person who owns 25% or more of the company. Don’t add yourself, and don’t add investors.1
Open the owner form
Select Add new → Add owner.
2
Enter the owner's details
Enter their legal name, date of birth, home address, work email address and phone number, and choose their nationality and job title. Then enter their Ownership percentage, which must be at least 25%.
3
Enter their SSN or passport number
In ID verification type, choose SSN or passport and enter the number. With a passport, also choose their Annual income and Source of income.
4
Add their photo ID
Under ID Verification, choose the Document type and its issue and expiration dates. Then upload the Front of the document. For anything but a passport, also upload the Back of the document.
5
Save the owner
Select Add owner, then repeat for each other owner.
6
Continue
Select Next.
When you submit, Every gives each owner you add the Company Admin and Employee roles in your company, unless their Job title is I’m not an employee.
Upload documents
Upload documents asks for two documents, each a .jpeg, .png or .pdf file.1
Upload your formation document
Under Company formation document, in Choose document, choose a document that proves your company was formally established, such as your Certificate of Incorporation, Articles of Organization or LLC Operating Agreement. Then upload it in Upload document.
2
Upload your EIN document
Under IRS letter or tax return, choose a document that includes your EIN, such as your IRS Federal EIN Letter (IRS Form CP 575 or IRS 147c), and upload it.
3
Continue
Select Next.
Review and submit
The last step, Confirm & submit, is titled Review & submit on the screen.1
Check your details
On Review & submit, check your Company name, Owners, FEIN and Address under Open Every account.
2
Accept the terms
Under Terms & conditions, select all eight checkboxes. They include the deposit account and debit card agreements. One says: “Every is not a bank. Banking services provided by Thread Bank, Member FDIC.”
3
Submit
Select Confirm & submit.
What happens next
After you submit, a confirmation screen says your application “is Pending Review, which takes 3-4 business days,” and that Every will email you when it’s approved or if it needs more documents. Select Done to go to Home. You can’t change a submitted application. Company Admins can follow the review on Home, under Things to do:
When your application is approved, Every opens your checking account and your company finishes onboarding. Company Admins and Bookkeepers then see Banking in the sidebar, with your new account (see Checking account). To add money later, Company Admins go to Banking → Checking account (Overview when the Banking menu has no Credit card item) and select Move money → Add funds (see Move money).
