We request your bank data once a month on the 15th to ensure that there haven’t been any drastic changes within your business financials. The bank data can be provided to us via; fax, email, uploading to your Bluevine Dashboard, or establishing a bank connection. Although documents can be emailed or faxed the most secure way to provide us with any documentation is through your Bluevine Dashboard. Please take a look at this article on how to upload documents on your Bluevine Dashboard.
Bank statements can be manually uploaded on the Bluevine Dashboard, see here for How to Manually Upload Bank Statements. In order for your draws or credit line increase to be reviewed, we must have your most recent bank data.
The bank connection is not compatible with all banks, but if your bank is compatible we strongly recommend that you establish a bank connection. A bank connection is preferred, because the draws may be instantly approved, and credit lines proactively increased. The bank connection provides us with your most recent bank data, which allows our system to instantly approve your draws, and possibly increase your credit line. With the bank connection being established, you don’t need to manually upload your bank statement around the 15th. Please feel free to take a look at our Bank Connection Overview article. With that being said, the bank connection isn’t perfect, and at times will need to be reconnected. This will not impact our ability to debit your account. Please see this article on Bank Connection Troubleshooting, if you are experiencing technical issues. Additionally, if your bank isn’t supported by our bank connection feature, please feel free to send an email to firstname.lastname@example.org and we will work with our third-party provider to try to add your institution.