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HoneyBook Balance Checking Account: Eligibility, features, and how to apply

No fees. Instant payments. Tax savings. Apply for a HoneyBook Balance Checking Account and streamline your business finances today.

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Easily manage your business finances and access your funds faster—all in one place—with a HoneyBook Balance Checking Account. Apply today to unlock tools that help you track income and expenses, save automatically for taxes, and receive client payments instantly with no additional cost.

Account benefits

  • No monthly fees or maintenance charges

  • No impact on your credit score when you apply

  • No hidden costs

Your HoneyBook Balance Checking Account is 100% secure, with bank-grade encryption and fraud monitoring.

📣 Note

HoneyBook Balance is currently only available to select members who have businesses based in the U.S., with access expanding on a rolling basis. If you don’t see the option to apply yet, sit tight—you may receive an invitation soon.


Why open a HoneyBook Balance Checking Account?

A HoneyBook Balance Checking Account is designed specifically for independent business owners and freelancers. Here's what you get when you're approved:

✅ Instant access to your money

  • No-cost instant deposits on nearly all client payments—get paid within minutes

  • Access your funds within 24 hours after receiving payment

✅ Complete financial visibility

  • All your client payments in one place through your HoneyBook Balance Checking Account

  • Smart insights into business and project expenses to help you price your services effectively

  • Real-time cash flow tracking so you always know where your money’s going

✅ Simplified expense management

  • Physical and virtual HoneyBook Balance Visa® debit cards for business purchases

  • Automatic expense categorization every time you use your Balance card

  • Tax savings automation—set aside a percentage of each payment for taxes, with no surprises come tax season


Complete your application

Before you begin

Applying for a HoneyBook Balance Business Checking account should take about 10 minutes if you have your identification documents ready to go. The application will tell you exactly which documents are required to open this business financial account. Learn more about the documents you’ll need to apply for HoneyBook Balance.

  1. From the navigation menu, select Finance > Balance

  2. Select Apply Now

  3. Select your business entity type (find out what one you are)

  4. Continue with the relevant section below

From here, what info you’ll provide changes depending on your entity type. Find the section below that’s relevant to you.

Apply as a sole proprietor

If you operate using your SSN, or you're a sole proprietor with an EIN but don't have an LLC, partnership, or corporation, follow the steps below.

  1. Enter info about yourself

    1. This will include info about yourself and your home address

    2. Check out how HoneyBook protects your data above

  2. After you’ve checked the boxes, select Next: Submit

  3. Upload any documents you were asked to submit

From here, your application can take up to one business day to process, and you’ll receive an email letting you know when that’s done. If you’re approved, your HoneyBook Balance Checking Account will immediately be available, and you’ll be able to check out the HoneyBook Balance dashboard. To help you get acquainted with your new account, select the button below.

Apply as a partnership, LLC, or corporation

If you aren’t a sole proprietor, you’ll provide some additional details about your business.

  1. Enter info about your business (like its legal name and address) > select Next: Owner Info

    1. If you don’t own more than 75% of your business, you’ll need to supply some info about the beneficial owners

    2. Check out how HoneyBook protects your data above

  2. Enter info about yourself

    1. This will include info about yourself and your home address

  3. After you’ve checked the boxes, select Next: Submit

  4. Upload any documents you were asked to submit

From here, your application can take up to one business day to process, and you’ll receive an email letting you know when that’s done. If you’re approved, your HoneyBook Balance Checking Account will immediately be available, and you’ll be able to check out the HoneyBook Balance dashboard. To help you get acquainted with your new account, select the button below.


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!

HoneyBook is a software company, not a bank. Banking services are provided by Lincoln Savings Bank, Member FDIC. HoneyBook Visa Debit cards are issued by Lincoln Savings Bank, Member FDIC. HoneyBook is not FDIC insured. FDIC insurance only covers the failure of an insured bank.