Applying for a Real Wallet Business Checking Account(Business/LLC)

Signing up for a Business Checking Account with Real Wallet takes just a few minutes!

Go to the Wallet tab in reZEN and Click ‘Get My Debit Card’

1. Add Account
   • Select what kind of account type is needed for you.
     • Sole Proprietor
     • LLC, Corporation or Partnership

See: Difference between LLC/Individual/Sole Proprietor

2. Business Information
   • Legal Business Name
   • Doing Business As
   • EIN
   • Business Vertical
   • Phone Number
3. Business Additional Information
   • Year of Incorporation
   • State of Incorporation
   • Entity Type
4. Officer Information
   • Provide the required information
5. Phone Verification
   • An SMS One Time Passcode will be sent to the phone number provided
6. Name your Account
   • Input a unique name for your account

What’s Next?

If your application is approved you will redirected back to the Wallet page and you will see your new card and account information.

• Your debit card will arrive within 7–10 business days at the address you provided. Once received, you can activate and start using it. Learn more: Activating Your Real Wallet Debit Card

Awaiting Review? Pending Approval? Needing to provide extra documents? Learn more here: Understanding the Application Process for Real Wallet Business Checking Account(s)

Need to Send Money Before Your Card Arrives?

You can start transferring funds even before your card shows up:

• Open reZEN
• Click Wallet
• Click Send Money in the upper-right corner
• Follow the prompts

    See also: Transferring Money from Your Real Checking Account(s)

Applying as an Individual?

If you're applying on behalf of a business with an EIN, check out:

Individual Application Process: Applying for a Real Wallet Business Checking Account(Individual/Sole Proprietor)

Single-Member vs. Multiple-Member Businesses

Understanding your business type helps determine if you need to provide Beneficial Owner Information during the application.

Single-Member Business

• Only one owner (e.g., Sole Proprietor or Single-Member LLC)
• No additional beneficial owners required
• You’ll just enter your own information

Multiple-Member Business

• Two or more owners (e.g., Partnerships, Corporations, Multi-Member LLCs)
• Required to list all beneficial owners (those with 25%+ ownership)
• You’ll need to provide each owner's name, DOB and SSN

Not sure which one you are? Check your business formation documents or consult a legal advisor.

If further assistance is needed, please reach out to wallet@therealbrokerage.com.

The Real Brokerage is a real estate technology company and is not an FDIC-insured bank. Banking services provided by Thread Bank, Member FDIC. FDIC Insurance available for funds on deposit through Thread Bank, Member FDIC. FDIC deposit insurance covers the failure of an insured bank. The Real Wallet Visa debit card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply.

Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when Thread Bank places them at program banks in its deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact customerservice@thread.bank with questions on the sweep program. Pass-through insurance coverage is subject to conditions.