Glide offers business account opening on member flow and the staff dashboard. Learn more about the account opening flow, application notes, and supported customizations below.
Business Account Opening Flow
Below is a list each question asked within the business account opening process on member flow in order of how screens are presented to the member. The journey below starts after an applicant selects the business account membership type.
Share Selection
Your Application at a Glance
Restricted industries list
If any the of restricted industries are chosen, a message appears showing the FI is unable to service the business
Application information
Email
Plaid IDV
Occupation and Ownership Percentage
Business information
Name, Entity Type, DBA Name
If DBA name is selected, DBA document must be uploaded.
Tax ID/EIN
Website (optional), Industry
Business Phone
Business Primary and Mailing address
Documents
Transaction questions
Eligibility
Add Another Owner or Signer
Choose if the individual should be added to the account as an authorized signer.
Agreements
Review & Submit
Notes
Business owners do not get added to an account unless the applicant choose to add them as a signer.
Although ownership percentage is a required question, it can be set to 0%.
All business applications will go to the pending queue (auto decisioning is not supported).
Glide allows applicants to choose an industry from the NAICS list.
If an applicant invites additional owners/signers to the application, the application will appear in the "Waiting for member" state. When the all owners/signers complete their invite, the application will move to pending.
Default Documents
Corporation: Articles of Incorporation, EIN document optional
LLC: Articles of Organization, Operating Agreement, EIN document optional
LP/GP/LLP: Partnership Agreement, EIN document optional
Sole Prop: Fictitious name statement (optional), EIN document optional
Non-Profit: Organization Charter/ By-Laws, EIN document optional
For Sole Props and LLCs: document section is skipped if the following conditions are met:
Applicant's SSN matches business EIN
Applicant's last name is in business name
Default Transaction Questions
How many cash deposits do you plan to make per month?
Options: 1 to 5, 5 to 10, Over 10
What is the total dollar amount of cash deposits and withdrawals you plan to make per month?
Options: Under $10,000, $10,000 to $25,000, More than $25,000
How many wires or ACH transactions do you plan to make per month?
Options: None planned, 1 to 5, 5 to 10, Over 10
What is the total dollar amount of wire and ACH deposits you plan to make per month?
Options: Under $10,000, $10,000 to $25,000, More than $25,000
Supported Customizations
Adjust all verbiage within the flow
Add or remove subtexts on each screen
Ability to present different share types for business account opening
Ability to update restricted business list
Ability to present different eligibility options specifically for business accounts
Ability to turn on and off different entity types such as "Corporation" or "Non-Profit Organization"
Ability to add or remove questions to the transaction question page. This can be customized per entity type.
Ability to choose required or optional documents to upload. This can be customized per entity type.
Adjust agreements specifically for business account opening
Adjust emails specifically for business account opening