What Does Fundo Look at in Your Bank Account During Underwriting?

Reviewed by: Fundo Underwriting Team
Last reviewed: September 2026

Fundo looks at the full pattern in your bank account. It does not judge one balance or one deposit. During underwriting, Fundo may review average monthly revenue, deposits, cash flow, balances, returned transactions, current financial obligations, and overall bank activity. Current starting rules are clear. Fundo looks for at least $1,500 in average monthly revenue, at least three months in business, and steady account activity.

Quick Read: What Fundo Checks

• Average monthly revenue: Fundo currently looks for at least $1,500 per month on average.
• Deposits: These help show how business income enters the account.
• Cash flow: This shows how money comes in and goes out.
• Balances: These add context after income comes in.
• Returned transactions: These add detail to recent bank activity.
• Current obligations: Bills and other payments can affect cash flow.
• Overall bank activity: Fundo looks at the wider pattern over time.

For a full view of Fundo’s current eligibility rules, read How Does Fundo Qualify Self-Employed Business Owners for Revenue-Based Financing?

Why Does Fundo Review Your Bank Account?

A bank account can show how a business runs each day.

Income matters. Yet one number is not enough.

A business may bring in good money. Still, it may have tight cash flow. Another may earn less but keep more cash on hand.

So, Fundo looks at both income and bank use.

That gives underwriting more context.

What Does Fundo Look at First?

The review starts with a few clear facts.

Fundo currently requires at least $1,500 in average monthly revenue.

The business must also have at least three months in business.

The account also needs steady activity.

Those are the starting points.

Then Fundo looks deeper.

1. Revenue Coming Into the Account

Fundo looks at average monthly revenue.

This helps show that the business has ongoing income.

One large deposit does not tell the whole story.

A barber may get card payments and cash deposits. He may also get app payouts and direct client payments.

A freelancer may get paid by several clients. Those payments may arrive on different days.

A driver may get paid by more than one app.

The pay sources can look different.

Still, they can all be part of the business picture.

2. The Pattern of Deposits

Fundo also reviews deposit activity.

This can show how often money comes in. It can also show a pattern.

The deposits do not need to be the same size.

Small business income is often uneven.

That is normal.

What matters is the pattern behind the income.

3. Cash Flow

Cash flow shows what happens after money comes in.

A business may pay rent and fuel. It may also pay for supplies, ads, or repairs.

Those costs matter.

So, Fundo reviews how money moves through the account.

That adds context to the income total.

4. Account Balances

Balances show how much cash is left as the business runs.

One low balance does not tell the whole story.

One high balance does not either.

Fundo looks at the wider pattern.

That is more useful than one day.

5. Returned Transactions

Returned transactions can add more detail. They help show recent bank activity.

They are one part of the review.

They do not tell the whole story by themselves.

The goal is to understand the real business picture.

6. Current Bills and Other Payments

A business may already have bills. It may have other payments due too.

Those costs can affect cash flow.

So, Fundo may review them as part of the wider bank picture.

Again, no single item decides the whole application.

The full mix matters.

A Simple Example

Carlos owns a small barber studio.

He has been open for more than a year.

His recent monthly revenue was $4,200, $4,850, and $4,500.

His account also shows card sales, client transfers, rent, supplies, and ads.

Fundo would not stop at the income total.

It could also review his deposits and cash flow. It could review balances, returned transactions, and other bank activity too.

That gives a clearer view of how the shop runs.

Does Your Bank Account Have to Look Perfect?

No.

Small businesses have busy weeks and slow weeks.

A client may pay late.

A repair may hit at a bad time.

One week may look very different from the next.

Fundo’s current rules call for steady account activity.

They do not require the same balance each day.

The larger pattern matters.

Can Fundo Review a Personal Checking Account?

Yes, in qualifying cases.

Many sole proprietors use a personal checking account for business income. Freelancers and 1099 workers may do the same.

Fundo can review a qualifying personal account.

The business activity must be clear enough to review.

That can help people who work for themselves.

How Does Fundo Get the Bank Data?

Fundo uses secure bank verification.

An approved service such as Plaid may be used. It can connect the account.

This lets Fundo review bank data. The applicant agrees to share that data.

That may include income and deposits. It may also include balances, transactions, and cash flow.

Fundo’s published process says bank login details are not stored. That applies to its Plaid connection.

Does Bank Activity Alone Decide Approval?

No.

Bank activity is one part of the review.

Meeting the $1,500 average monthly revenue rule does not guarantee approval.

The same is true for the three-month rule.

Those are starting points.

Final approval still depends on Fundo’s full underwriting review.

What Should You Know Before You Apply?

Keep it simple.

Know your real monthly revenue.

Know where your deposits come from.

Know your normal business costs.

Also, check the details on your application. They should match the bank activity that can be reviewed.

Clear facts help Fundo see how the business runs.

Common Questions About Fundo’s Bank Review

Does Fundo only look at the ending balance?

No. Fundo looks at more than one balance. It may review revenue, deposits, and cash flow. It may also review balances, returned transactions, bills, and other bank activity.

What is Fundo’s minimum monthly revenue?

Fundo currently requires at least $1,500 in average monthly revenue.

How long must the business be open?

Fundo currently requires at least three months in business with steady account activity.

Does Fundo use Plaid?

Yes. Plaid is one bank verification service Fundo may use during the application process.

Can sole proprietors and 1099 workers apply?

Yes. Eligible sole proprietors, freelancers, and 1099 contractors may apply. Independent contractors, gig workers, and other small business owners may apply too.

Does meeting the bank rules guarantee approval?

No. Meeting the starting rules means the business may be considered. Final approval is still subject to underwriting.

So, What Matters Most?

Your bank account is more than a balance.

It can show how the business earns, spends, and manages money.

Fundo’s current starting rules are clear. It looks for at least $1,500 in average monthly revenue. The business needs at least three months in business. The account also needs steady activity.

From there, Fundo looks at the wider bank picture.

For people who work for themselves, that matters.

Their income may come from many clients, jobs, or apps.

The account helps show how the business really works.

Ready to see if your business may qualify for Fundo’s Revenue-Based Financing?

Apply with Fundo today!