When trying to onboard with strike they kept asking me for the business bank account. I said I didn’t have a bank account for the business - I was the bank. They asked where the funds for the business were coming from. I said personal savings. I guess these answers were unsatisfactory.
That or they didn’t like my business. Which I described to them (we don’t have revenue yet and are in R&D phase). I guess it’s their prerogative but I’m framing the rejection letter and putting it on my office wall as motivation.
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If I had been able to use strikes billpay I would have been able to build the business without ever touching a dollar. Which would have been cool. Now I have to find a new way.
Terrible! But where does this fractional reserve thing come from? Was that the other service provider / bank?