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If you're in the US, you can just walk into a bank of your choice and open a account. Stripe doesn't care what you do with your SVB account. Just replace it wit
by arihant 8y ago
If you're in the US, you can just walk into a bank of your choice and open a account. Stripe doesn't care what you do with your SVB account. Just replace it with your new account number in Stripe payment settings and you're done. This is not an endorsement, but I've been hearing good things about First Republic Bank.
If you're not in the US, let me first point out that Azlo doesn't even support international transfers. They do not have login system for multiple founders. I'm very sure they don't work with ITIN and require SSN to open an account. Also, only one debit card. No checkbooks.
It appears that you somehow expect every step of the process to be smooth as butter. But nothing about running a startup will be like that. Transferring subscriptions from one Stripe account to another should be the least of your problems when porting an existing business with transactions to a c-corp. Talk to a lawyer and an accountant to understand what you got yourself into. Since you're trying to migrate transactions before the incorporation into the company account, you should talk to them earliest you can.
- trapexit 8y agoFirst Republic's customer service is top notch. My accounts can't possibly generate much revenue for them, but they still treat me like royalty whenever I call/email them or walk into the office. The only thing I have to complain about is that (as of a year ago) they don't offer an overdraft line of credit for small business accounts.
- BostonEnginerd 8y agoTheir student loan refinancing products are pretty fantastic. I highly recommend anyone with a large student loan to look them up!