Do not use these with your S Corp. Switch away from them if you currently are and plan to join Collective.

Apple Credit Card

American Express Business Checking


Mountain America Credit Union

University Federal Credit Union (


Chase Amazon Credit Card

Fidelity Investments (

Lending Club Banking


Many of our members often find the smoothest connection with major banks.

Wells Fargo

Bank of America


These are Xero Direct Feed Banks.

Bank of America

Wells Fargo


City National Bank

Capital One

Discover Card

American Express

Also Works With Xero

Please see this google sheet with a complete list of banks that connect to Xero.

Business Checking

You must open a checking account with the EIN of the LLC we are helping you with. And this bank must connect to the accounting software bank feed page. We can't work with your bank by manually uploading transactions each month. As soon as possible, start running all your business income and expenses through this checking account. Do not use your business checking account for personal transactions other than transferring money to your personal checking account. Stop using personal checking accounts for business transactions ASAP.

After opening your account, please:

  • Connect your bank account to the accounting software bank feed page.

  • Update your bank account in Gusto (article)

  • Let us know! - We will update the integration between your Collective Dashboard and Gusto (payroll software) and QBO/Xero (accounting software)

Business Credit Card

You don't have to open a business credit card. Many Collective members use the debit card with the credit card symbol that is provided along with their checking account.

If you want to open a business credit card, it's ok to open it with your SSN. This is because many credit card companies will treat your EIN as too young and possibly not provide you with a credit card. Try and open it with your EIN, and if no luck, then it's ok to use your SSN. Do not use your business credit card for personal transactions. Stop using personal credit cards for business transactions ASAP. Even if your personal card has great rewards, you can't use it for both business and personal transactions. You can if you want convert a pre-existing personal credit card to a business-only card by no longer using it for personal transactions.

Did this answer your question?