Thank you for allowing us to serve you
What to expect
Thank you for allowing us to serve you
We regret to inform you that due to developing macroeconomic conditions, Nearside is closing its doors and service of the Nearside business bank account provided by Piermont Bank; Member FDIC will be discontinued.
We started Nearside to help small business owners like you succeed and thank you for entrusting us with your business. We understand this will likely affect your operations and want to ensure this transition is as smooth as possible.
What to expect
If you have more that $1.00 in your account:
On December 23, 2022, your Nearside bank account will be closed and all transfers using your bank account will be declined after that date.
Please transfer funds out of your Nearside bank account to an external account right away. Your funds will not be available for transfer after December 23, 2022.
If there is an existing balance at the time your account is closed, your funds will be mailed by physical check in early January, 2023. If you’ve changed your business address recently, please make sure to update your shipping address.
After your account is closed on December 23, 2022, you will continue to have access to your Nearside dashboard to view your transaction history and statements.
You will continue to have access to your Nearside bank account and funds until December 23, 2022.
If you have between $1.00 and $0.00 in your account:
Effective November 23, 2022 your Nearside bank account will be closed and all transfers using your bank account will be declined. Your remaining balance will be escheated to the state where your business resides starting November 28, 2022.
If you wish to have your funds sent to you, please contact us by November 25, 2022 and we will make arrangements to provide you your funds.
You will still continue to have access to your Nearside dashboard to view your transaction history and statements.
If you have $0.00 in your account:
On November 23, 2022, your Nearside bank account will be closed and all transfers using your bank account will be declined after that date.
If you have a negative balance:
On November 23, 2022, your Nearside bank account will be closed and your negative account balance will be waived.
Thank you again for allowing us to serve you. Helping small businesses and entrepreneurs like you has brought us nothing but joy and fulfillment. If you have any questions, please contact us.
Nearside is a financial technology company and is not a bank. Banking services provided by Piermont Bank; Member FDIC. The Nearside Visa® Debit Card is issued by Piermont Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.