Setting up your bank account for fund releases will look slightly different depending on whether the legal entity associated with your bank account is an individual or as an entity with an EIN.
Please note, if you elect to set up Stripe Connect with a credit/debit card rather than a bank account, your Stripe Connect payouts will be limited to amounts of under $3,000 USD at a time, and you will be required to either break fund release requests of $3,000 or more into smaller requests or add a bank account to your Stripe Connect account.
In all cases
- Log into www.fracturedatlas.org and click Fiscal Sponsorship.
- Once you are on your Fiscal Sponsorship Dashboard, click Fund Releases, and then click Connect Bank Account
- On the fund releases page click the Connect button.
- You'll then need to supply a mobile number and the email address connected to your bank account.
If the legal entity associated with your bank account is an individual
- Fill in the bank account holder's first and last name
- On the following page you'll enter your bank account information.
- Once the bank account information has been supplied you'll need to enter verification information. As an individual you'll need to supply the account holder's birth date and last for of SSN.
Note: if you see orange text in the Management and Ownership Section, you will need to provide more information in order to verify your account and receive fund releases. Click the orange text or the pencil icon to make this edit. - After you've added that information you'll need to provide ID verification.
- Once all the verification details have been supplied you can hit the submit button.
If you are having trouble authenticating your legal entity and/or bank account, you can find helpful resources and contact Stripe for support by clicking here, or you can email Stripe for support directly at support@stripe.com.
If the legal entity associated with your bank account has an EIN
- You'll supply the company name and DBA (if applicable)
- Then add your bank account
- Once the bank account information has been supplied you'll need to enter verification information.
Note: if you see orange text in the Company Name Section, you will need to provide more information in order to verify your account and receive fund releases. Click the orange text or the pencil icon to make this edit. - As a company you'll need to supply the EIN associated with the account. In some cases you may use your Social Security Number for business tax purposes you can supply it instead
- Once all the information has been supplied and verified you can submit your information.
If you are having trouble authenticating your legal entity and/or bank account, you can find helpful resources and contact Stripe for support by clicking here, or you can email Stripe for support directly at support@stripe.com.
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