When you securely connect an external bank account to your Bluevine account, we get a read-only view into your online banking. We’ll only be able to see a line-by-line history of your most recent transaction data, which we use to determine if your business qualifies for our services.
Why do I need it?
We encourage you to connect your external bank account because it helps our underwriters make a quicker decision on your Line of Credit application. If you’ve submitted an application and established a bank connection, you’ll typically receive a faster response than if you chose to upload your bank statements manually. For existing customers, having a bank connection means you won’t have to upload statements each month.
What happens if my bank connection is disconnected?
If your external bank account gets disconnected, we’ll notify you via email and on your Bluevine dashboard. Your account may get disconnected for multiple reasons, but it doesn’t have any impact on pending debits and credits in your account. To re-establish your bank connection, we may ask you for additional security information for verification.
If your external bank is not listed, please feel free to give us a call at (888) 216-9619, select option 1, then select option 2. We’ll work with our bank connection provider to possibly add your institution to our bank connection feature.