A Dappr Financial Account is designed to feel familiar to anyone who has run a traditional business checking account, yet it is tightly integrated with the rest of the Dappr platform so your formation data, accounting records, and sales payouts all live in one place. This article explains how to open an account, fund and use it day to day, manage Cash Cards, and—if you ever need to—close the account.

Because Dappr ties our financial account features to business formation, your company must already be formed on Dappr and all required owners must have completed identity verification. For an LLC, that means every member and manager; for a C‑Corp, any shareholder who owns 25 percent or more. Each of these people receives an invitation to create a personal Dappr login, and the onboarding checklist will not let the company proceed until every required party has verified their identity. Once that is done, the company appoints a legal representative—the person who will submit the account application, agree to the terms, and receive the first credit card.

The application lives in your dashboard, and it appears automatically when the prerequisites above are satisfied. The legal representative simply signs in, looks at the Onboarding checklist on the home page, and clicks Get started. The flow is short because Dappr already holds your formation documents: you confirm the business details on file, invite any initial cardholders or additional authorized users, and submit.

Process in brief

During onboarding each person must upload a government‑issued photo ID—driver’s license, state ID, or passport. Non‑U.S. residents usually need a passport, though certain European national IDs are accepted. The legal representative must also provide two documents, such as a utility bill or lease, that show the same physical address recorded inside Dappr. If our automated checks cannot fully verify an ID or address, we may request an alternative document, but in most cases one upload per requirement is enough.

Most applications clear review within 24 hours, but can take up to 5 business days. If any owner lives in a country that requires enhanced due diligence, the process can stretch to as much as ten business days. You can check the real‑time status at any moment by visiting Financial Account → Application status. Dappr also emails milestone updates—submission received, additional documents requested, approval granted, and so on—so you do not need to refresh the page constantly.

The moment the account is approved, Fifth Third Bank (Member FDIC) issues an account number and routing number. The legal representative’s virtual Cash Card appears in the dashboard within minutes unless the card application is denied, and a physical card automatically ships via USPS standard mail. International shipping is possible in many countries, though additional fees may apply and delivery times are longer.

Invited employees or co‑owners receive an email with a link to complete their own card application. Dappr’s risk systems review card applications automatically, so most are approved instantly, but approval of the company’s bank account does not guarantee approval for every individual cardholder or even that the company will receive card‑issuing privileges at all.

New businesses often need to fund the account with the founders’ initial capital. The easiest method is an ACH direct debit: link each owner’s personal bank and pull the contribution directly. As soon as the account is open, it can also receive ACH credits or wire transfers from any external source. Mobile check deposit is available in the Dappr iOS and Android apps, though new accounts start with conservative limits, which rise automatically as the account builds positive history. You may request a one‑time higher limit for a larger check, and we will evaluate the request individually.

Every Cash Card—virtual or physical—draws funds immediately from the account even though the card is technically a Visa Commercial Credit Card. The legal representative and any authorized user with the appropriate permission can add cardholders at any time from Financial Account → Cardholders. Each cardholder may generate unlimited virtual cards and a single physical card. Cardholders control their own spending limits and can temporarily freeze or unfreeze cards when needed, while the legal representative retains the power to cancel another person’s card altogether.

Dappr generates a PDF statement during the first ten calendar days of every month; you can download it under Financial Account → Statements. Day‑to‑day usage is fee‑free, but if the average daily balance stays below $1,000 for a full year, the account begins to incur a $10 monthly low‑balance fee. An account showing a zero balance and no activity for ninety consecutive days is considered inactive and may be closed. If there is no money left to cover an assessed fee, Dappr can charge your primary payment method or send you an invoice.

To close an account, empty the balance and tell Support you intend to close. We immediately suspend the account—nothing can post, and Cash Cards stop working—and we keep it in that state for ninety days to allow any late‑arriving transactions to clear. After the ninety‑day window, the account is closed permanently with no fee. If you change your mind before the period ends, Support can re‑activate the account at its discretion.

If you notice a suspicious or unauthorized Cash Card transaction, cancel the affected card from the dashboard right away. You can then open the transaction detail page and press Dispute transaction or start a chat with Support. Not every payment type is disputable—ACH and wires you initiated yourself, for example, fall outside the card dispute process.