General

Cheqly is a digital bank for startups. Some of the digital products and services that we provide are:

  • Business Account
  • Physical debit card, Virtual debit card and Digital wallets with
  • Apple, Google and Samsung compatibility
  • ACH payments
  • Domestic and International wire transfers
  • Digital tools and graphs

Cheqly doesn’t charge fees for opening a business account. There are no account minimums, monthly fees, or account opening fees. Get more details on our Pricing Page.

When you use your debit card, the card processor charges a fee to the merchant. Cheqly receives a percentage of this fee, known as interchange. Our partner bank also earns a small amount of interest on deposits, and Cheqly receives a percentage of this amount.

When you send or receive money in non-US currencies, Cheqly charges a small percentage, known as a conversion fee. Get more details on our Pricing Page.

We are proud to be a 100% digital neobank. There is no physical visit, no paperwork, branch lines and weeks waiting to open a business account with Cheqly

You are in full control of your business finances from a single platform. Make payments, add beneficiaries, view balances, add and manage users online wherever you are

Opening An Account

If your application is complete (i.e. all documents are duly and timely provided), it will only take 24 hours (business day) for your account to be approved.

You can start using your account as soon as you complete the application and your account is approved.

You’ll need the following:

  • U.S. company with a federal Employer Identification Number (EIN) or Federal Tax Identification Number (TIN)
  • Company Formation Documents (i.e., Business Registration Certificate, Articles of Association, Articles of Incorporation, Articles of Organization, etc.)
  • Company Formation Documents (i.e., Business Registration Certificate, Articles of Association, Articles of Incorporation, Articles of Organization, etc.) of a shareholder holding 25% or more shares of your company (if any)
  • Identification Documents (such as US or Foreign Passport/ US Government Issued Identification Document – State Issued Driver’s License/ Identification Card/ Permanent Resident Card/ US Visa) of each individual shareholder holding 25% or more shares of your company and beneficial owner (if any)

Do you need any help with obtaining TIN/EIN? We can help you get your TIN/EIN easily with IncParadise, our partner company, that can help you obtain this document, absolutely hassle free.

Application is done 100% online. No in-person meeting required. You can open your account from anywhere without needing to visit the US, provided your company is incorporated in the US. If you have questions, you can write to us at [email protected].

Cheqly’s account number comprises of two elements. Cheqly code 95100 + your 11-digits company account number 95100XXXXXXXXXXX

Security and Privacy

Your account’s security is Cheqly’s top priority. Some things we do to ensure your account’s safety include:

  • Requiring HTTPS on all pages, and use HSTS to ensure browsers only ever connect to us over a secure connection.
  • Employing a third party to perform penetration testing each year to check for vulnerabilities.
  • Storing passwords hashed with the bcrypt algorithm. We never store or log your plaintext password.
  • Using Time-based One Time Passwords for two-factor authentication. We never send authentication codes via insecure channels like SMS.
  • Encrypting our database and all uploaded images. We employ additional encryption for sensitive data, like social security numbers.
  • Never storing your debit card number. Only the last 4 digits are stored for the identification purpose.

Protecting and respecting your privacy rights is our duty. We do not sell any data (e.g. passport and/or ID, email addresses, etc.) to third parties. However, we may share it for regulatory purposes such as identity verification.
For more details, please read our Privacy Policy.

  • Write to us as at [email protected]
  • Chat with us
  • Submit Customer Support Form online
  • Call us at toll free number (800)334-2948 (If you are calling outside US, please put US phone code: +1 and then (800)334-2948)

Business Account

Companies incorporated in any of the states of the United States can apply for Cheqly’s business account.

As soon as the funds are received in your Cheqly account, the account will be credited.

Normally it will take:

  • 1-3 business days for domestic ACH transfer
  • 1-2 business days for domestic Wire transfer
  • Upto 5 business days for international Wire transfer

Refer to our Pricing List.

  • ACH transfer cut off time is 4:00 PM PST
  • Domestic Wire transfer cut off time is 3:00 PM CST
  • International Wire transfer cut off time is 12:00 PM CST

Debit Card

Write to us immediately at [email protected], call us at (800)334-2948 or submit Customer Support Form [Link] online available on our website

We don’t currently support cash deposits.

You can withdraw cash at any ATM within and outside the United States. The daily limit of cash withdrawals is $100 and monthly limit is $3,000. If you require higher limits, please contact us and we will help you.

Pricing

Cheqly doesn’t charge fees for opening a checking account. There are no account minimums, monthly fees, or account opening fees. Get more details on our Pricing Page.

When you use your debit card, the card processor charges a fee to the merchant. Cheqly receives a percentage of this fee, known as interchange. Our partner bank also earns a small amount of interest on deposits, and Cheqly receives a percentage of this amount.

When you send or receive money in non-US currencies, Cheqly charges a small percentage as conversion fee.

Please refer to the pricing list.

Contact Cheqly

*Operating hours for chat is from 9:30am to 4:40 pm Pacific Standard Time

We will respond to you within 1-2 business days from the time of submitting your query. The response time may be more due to a weekend or a public holiday.

Do you have questions about something else? Check out our Customer support or email us at [email protected].