Solved: Re: Do I choose individual or Business for Checkin...

BubbasTackle

I have a single member LLC with an EIN. I can not tell which one I should Choose.

I clicked the individual option after hitting the back arrow from the business one, and now it say to make adjustments to my details. Like percentage of the business I own and all that, it won't let me back out of it now.
Someone please tell me what to do.

BubbasTackle

So... the customer support lady told me this, after I went through with a personal before finding out I needed business.

"My research shows that during onboarding, the system asks if the account is for personal or business use; however, the account is ultimately established as a business account."

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TheRealChipA

@BubbasTackle If the business has a checking account, then you should have chosen "Business." If it didn't, and you were using your own personal checking account to deposit business funds, you should have chosen "Individual." That "type of account" is for the CHECKING ACCOUNT, not for the business type.

Anyway, if you are stuck in a loop since it seems you chose the wrong type of checking account, you most likely have no choice but to get on the phone with customer support.

Chip A.
Square Expert & Innovator and member of the Square Champions group. (But NOT a Square employee, just a seller like you)

Was my post helpful? Take a moment to mark it as a solution. Marked solutions help other sellers find possible resolutions to similar problems. Also, if you find your solution elsewhere (say, through Support), it is helpful to come back to your post and tell us about it, then mark that as a Solution. Solutions are what this Community is all about!

BubbasTackle

@TheRealChipA I don't have a Business bank account yet, that's why i wanted to make one through square. Thanks for your reply, If customer is open I'll call, it's the day before easter so they may not be.

Papaya

Hi @BubbasTackle

Thanks for your post.

Please contact us directly if you are still having issues. Our Square Loans line is open between 8am-5pm PT Monday-Friday if you want to give us a call.

Sky
Square Loans Team
Sign in and click Mark as Best Answer if my reply answers your question.

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BubbasTackle

Thanks, I have already reached out to customer support and have been talking with a lady. Mainly just me asking questions, super helpful lady.

BubbasTackle

So, i had went through with a personal before getting an answer and then found out i should have clicked business, but.... the lady that has been helping me told me

"My research shows that during onboarding, the system asks if the account is for personal or business use; however, the account is ultimately established as a business account."

So there's that...

BubbasTackle

So... the customer support lady told me this, after I went through with a personal before finding out I needed business.

"My research shows that during onboarding, the system asks if the account is for personal or business use; however, the account is ultimately established as a business account."

Do I choose individual or Business for Checking account?