Removing former owner from existing bank account
planned
Brad Lookabaugh
Challenges altering control/access of the company bank accounts due to confusion around beneficial owners. Bankers are often unsure how to handle making changes since Teamshares is the sole beneficial owner (> 25% owner).
Brad Lookabaugh
We are working on building a checking account product that will handle all beneficial ownership complexities, so Presidents will no longer have to jump through hoops at the existing bank. This is slated to be ready early Q4, at which point we will pilot the product by onboarding select companies. Please comment if you are interested in being part of the pilot.
Until then, you can attempt to switch banks if your existing bank is putting up blockers that hindering business operations.
Brad Lookabaugh
planned
Brad Lookabaugh
We are working on building a checking account product that will handle all beneficial ownership complexities, so Presidents will no longer have to jump through hoops at the existing bank. This is slated to be ready early Q4, at which point we will pilot the product by onboarding select companies. Please comment if you are interested in being part of the pilot.
Until then, you can attempt to switch banks if your existing bank is putting up blockers that hindering business operations.
Brad Lookabaugh
under review