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240 Comments
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Mark
Mark (@guest_2111632)
August 3, 2025 18:27

Is a transfer from Novo to BankX typically seen as a direct deposit by BankX ?

dylan
dylan (@guest_2110446)
August 1, 2025 12:50

any CC funding?

John
John (@guest_2106735)
July 26, 2025 21:31

Website now cannot proceed for sole proprietorship with SSN! It allows you to enter at the beginning BUT will block you from submitting at the end of the application submission page showing “you entered EIN as the same as your SSN”. Enter EIN is required!

QQ
QQ (@guest_2109634)
July 31, 2025 15:04

Even used a EIN and still denied my application

Ninjachachi
Ninjachachi (@guest_2106615)
July 26, 2025 14:34

Despite having a valid EIN my application was denied. Just reached out to support to figure out why.

iamjimmy
iamjimmy (@guest_2105976)
July 25, 2025 09:49

Any clue to open a business checking account for someone who has no valid business and just works for an employer for regular income? Also does this need a person to be a US citizen or are Legal permanent residents eligible? Thanks in advance.

zerosum
zerosum (@guest_2106427)
July 26, 2025 03:44

Sole proprietor, easiest in states where you can establish a business without any additional paperwork. But this specific bank also requires an EIN even for sole prop, which you apply for on the IRS website. Others typically don’t in my experience. You’d just use your personal SSN.

Terry
Terry (@guest_2105798)
July 24, 2025 21:19

Reminds me of the good ol days when they shut me down last year.

Matt
Matt (@guest_2106192)
July 25, 2025 17:01

Why did they shut you down?

Terry
Terry (@guest_2107478)
July 28, 2025 15:14

Tried linking my account to a fintech that pays rewards on spend.

Jimmy
Jimmy (@guest_2105497)
July 24, 2025 13:16

FYI your $5K is at risk for 90+ days in the hands of a fintech. This is not risk free.

SteveT
SteveT (@guest_2105640)
July 24, 2025 16:25

Banking services are provided by an FDIC insured bank, so you are protected.

mjm
mjm (@guest_2106112)
July 25, 2025 14:23

in my opinion the risk isn’t your funds disappearing completely. It’s everything else. compliance/risk mixups locking your funds/closing accounts/refusing to pay you. I trust most new business to be slightly worse, because they are less likely to be experienced to encounter when THEY screw up.

THAT BEING SAID, big, established businesses screw this up all the time too. So it’s hard to really, really know the risk. Someone should scrape CFPB data

sg77
sg77 (@guest_2106183)
July 25, 2025 16:42

See Yotta/Synapse, etc

Jimmy
Jimmy (@guest_2106480)
July 26, 2025 09:57

SteveT The first part of your statement is true, the second part is false. As sg77 pointed out, see Yotta/ Synapse, etc. before spreading misinformation. DoC has even done write-ups warning of the risks.

B
B (@guest_2106543)
July 26, 2025 12:02

DOC: Are Fintech Banks FDIC Insured? (read comments, too)

john m
john m (@guest_2105470)
July 24, 2025 12:45

Must go through NerdWallet link. Not DoC?

JR
JR (@guest_2105465)
July 24, 2025 12:40

If I had an account previously under an SSN, and opened one with an EIN now, would I be eligible for the bonus? Unsure with the churnign language if the above would be considered different.

Matt D.
Matt D. (@guest_2105461)
July 24, 2025 12:36

Looks like you need an EIN if applying under sole proprietorship

Michael
Michael (@guest_2105477)
July 24, 2025 12:57

Do you need a true EIN or could you just enter your SSN into that field to complete the application?

Matt D.
Matt D. (@guest_2105488)
July 24, 2025 13:08

EIN

Summer
Summer (@guest_2105519)
July 24, 2025 13:45

EIN is free and you can get it in 5 minutes, btw

zerosum
zerosum (@guest_2106425)
July 26, 2025 03:41

Do you think they’ll report the bonus to the IRS under the EIN as business income as opposed to the SSN?

SP
SP (@guest_2110360)
August 1, 2025 11:32

So one cannot open this account as Sole Prop with SSN?

SP
SP (@guest_2110362)
August 1, 2025 11:33

Do you need specific paper work for getting the EIN or just you can apply with your home business and get one online?

Billy Bob
Billy Bob (@guest_2105736)
July 24, 2025 18:55

I just punched SSN into that field and it worked. I opened mine months ago. This account covers a lot of DD requirements.

S
S (@guest_2105913)
July 25, 2025 03:49

Wish I’d done that. Got an ein and was rejected probably because the ein is new

zerosum
zerosum (@guest_2106424)
July 26, 2025 03:32

Weird, for me it says “Please include a valid EIN number that is unique from your SSN to complete this application”. It won’t let me proceed

John
John (@guest_2106736)
July 26, 2025 21:33

Same as zerosum mentioned. Cannot submit with SSN used as EIN. Has to get an EIN. It blocked you at the end.