Accepting payments through HoneyBook is as easy as adding your bank account; then, those hard-earned funds can be deposited directly into your account in a matter of days!
In this video, we'll review:
Where to add your bank information in HoneyBook
What it means to be an "individual"
What information you need to set up your bank account
You'll connect an individual bank account if:
You own & run a business
You were NOT issued an EIN (Employer Identification Number)
You use your SSN when filing your business taxes
Prefer a written walkthrough? We got you. Check it out here.
Not sure of your business entity type?
Individual: You own & run a business, but do not have an EIN (Employer Identification Number). You use your social security number when filing your taxes.
Sole Proprietor: You own & run a business and were issued an EIN. If you have filled out an SS-4 Form to register your business with the IRS, you have a government issued EIN. Alternatively, if your organization is a registered nonprofit, please select this entity type when connecting your bank account to HoneyBook.
LLC-Partnership-Corp.: You pay taxes as an LLC, partnership, or corporation. If you have filled out an SS-4 Form to register your business with the IRS, you have a government issued EIN.
PLEASE NOTE: Be very careful to select the correct bank account type otherwise deposits to your bank account will not process. If you are still uncertain which account type to select, contact us!
Want to learn more?
Still have questions? Feel free to send us a message by clicking the Question Mark icon on any HoneyBook page. Our team is always happy to help!