Business bank accounts

Stripe Atlas founders can open a business bank account with one of our partners after forming a company. Our banking partners determine supportability and might not be able to support all businesses. After you complete your company formation process, you can activate your US Stripe payments account and add your bank account through the Dashboard.

Mercury

Mercury works well for all startups. It lets startups open a 0 USD per month, FDIC-insured bank account from anywhere in the world. Mercury is best for high-growth tech startups. It offers startup-friendly features like free international USD wire transfers and access to venture debt, and allows customized banking options through the API. Atlas helps prefill fields for faster setup when you launch a Mercury application, and our users get 500 USD or more back when you deposit at least 10,000 USD within 60 days.

Set up a Mercury bank account

When you apply for a Mercury business bank account, Atlas uses your information to prefill as many of these required fields as possible:

• A description of your business and link to your website (if available).

• Filed formation (incorporation) documents from the state of Delaware. You can access these through the Dashboard.

• Articles of Incorporation and a record of an EIN filing with the IRS (Form CP575, Form 147c, filed or completed Form SS-4, or a screenshot of the EIN confirmation from the IRS’s website). You can access these documents through the Dashboard. Atlas passes them to Mercury automatically if you launch a Mercury application from the Dashboard.

• An international passport or US government ID for each founder or majority owner (more than 25%) of the company.

• A residential address (doesn’t have to be in the US) of each beneficial owner of the company.

• An email address for each beneficial owner of the company.

• A US Social Security number for each beneficial owner of the company (if applicable).

• A phone number for each beneficial owner of the company.

Atlas users can open a Mercury account after incorporation, before the IRS issues their EIN. After your EIN arrives, you must submit it to Mercury no later than 90 days after account opening. They may close your account if you don’t submit within that window.

Novo

Novo works well for US-based small businesses, solo entrepreneurs, and bootstrapped startups.

Trusted by over 200,000 businesses, Novo is a financial platform that offers fee-free, no minimum checking accounts. Novo partners with Stripe to provide payouts in hours via Novo Boost, free of charge. Novo also offers free invoicing, budgeting, expense categorization tools, and integration with your favorite business apps. Atlas users may receive exclusive perks, including $500 back when you spend $10k on your Novo card in the first 90 days.

All customer deposits are FDIC insured up to $250,000 through Middlesex Federal Savings F.A.; Member FDIC.

Visit Novo’s site to learn more about them and their features.

Set up a Novo bank account

In addition to your company information from your Atlas documents, you’ll need to provide:

• A US social security number for one of your company’s founders

• A business and residential address (these can be the same address)

• A business and personal phone number (these can be the same phone number)

• A valid government ID