Maybe it is common in the US, and is done routinely when starting a business and business account. But if not I would be surprised if many seedround / series A

Maybe it is common in the US, and is done routinely when starting a business and business account. But if not I would be surprised if many seedround / series A startups with a couple of million in the bank do this. In the UK I have not heard of an equivalent scheme, but then again I am not dealing with accounts.