Key takeaways

• Heard Banking is an online business banking service for Heard members
• Manage your banking, bookkeeping, and taxes all through one dashboard
• No minimum deposit, no overdraft fees, and up to 2.5% APY on savings

A business bank account for your private practice keeps your personal and business finances separated. You need that for accurate bookkeeping and financial reports, and in order to take advantage of tax deductions.

Once you have a business bank account set up, Heard handles the bookkeeping and accounting side of your practice’s financial admin. But even then, you may face challenges—like a bank that won’t automatically export data, or revenue and spending spread across multiple accounts.

That changes today with the launch of Heard Banking.

What is Heard Banking*?  

With Heard Banking, you get a business bank account integrated directly into the Heard platform. 

There’s no extra charge. And when you open a Heard bank account, it syncs seamlessly with your Heard bookkeeping system.

Every Heard bank account includes:

• Up to 10 business checking and savings accounts
• A Visa Debit card (physical and virtual) with spend control
• No minimums, no monthly fees, and no overdraft charges***
• Up to 2.5% Annual Percentage Yield (APY)** on both savings and checking accounts
• FDIC insurance for up to $3 million

Most importantly, your banking and accounting are united in a single platform—so financial admin costs you less time and effort and you maximize tax savings.

How Heard Banking works with Heard

Your Heard bank account saves you time and energy by bringing your business banking and your bookkeeping and accounting together in one platform:

• Synced transactions. Connect your Heard bank account to your bookkeeping system once, and they’re synced forever—no more manually importing transactions.
• Private practice categories. Every revenue and expense transaction is automatically categorized in Heard Banking based on a chart of accounts designed for private practices
• Up to 10 checking and savings accounts. Whether you’re saving for taxes or for a rainy day, multiple accounts make it easy to keep your funds organized and your budget on track. 
• Banking build for therapists. Earn APY on all your accounts, benefit from $0 minimum deposits, and—if you don’t have an EIN—use your SSN to register.
• All your practice finances in one place. Monitor all your bank accounts, bookkeeping ledgers, and financial reports through the Heard dashboard.

When you open your Heard bank account, all your practice’s financial admin—from day-to-day transactions to annual tax filing—comes together under one roof.

Is Heard a bank?

No—Heard is a financial technology company. The actual banking is handled by i3 Bank, Member FDIC. The banking technology is provided by Unit Finance, Inc.

Both i3 Bank and Unit Finance, Inc. provide the backends to numerous financial services. In the case of Heard Banking, they have customized them to meet the needs of Heard members and synchronize with Heard’s online accounting platform.

While it’s synchronized with your Heard account, your Heard Banking account exists separately from Heard. Once your account is open, you will always have control of it as a customer of i3 Bank. Your funds are insurance-eligible for up to $3 million through a network of FDIC-insured banks.

How to switch your banking to Heard

If switching bank accounts sounds like a drag, there’s a good reason: Most banks make it anything but simple. 

But Heard Banking is set up specifically for therapists and wellness practitioners who want to switch all their business banking to Heard. A smooth and straightforward transition comes standard.

And if you haven’t opened a business banking account yet, opening one with Heard is the natural next step. It allows you to separate your personal and business finances, making it easier to categorize transactions, track revenue and expenses, and take advantage of tax deductions.

When you opt in for Heard Banking, there’s no pressure to close your old bank account. In fact, many users prefer to keep their old account open while they transition to a new account.

Here are the steps to follow, in bite-sized chunks.

1. Open your Heard Banking account

It takes an average of 10 minutes to apply for your Heard Banking account. Once you’re finished, you immediately get access to your virtual Visa Debit card. Your physical card ships the same day.

2. Redirect your revenue.

Next step: Switch how you get paid to your new bank account. Update the info in your EHR or billing platform to include the account and routing numbers for your new Heard Banking account. Future payments will be automatically deposited.

3. Connect recurring payments to your new account

Software subscriptions, utilities bills, rent withdrawals—these and other automatic payments need to be redirected to your Heard Banking account. Create a checklist based on your existing bank statements and work through it methodically, updating your banking info for each subscription or service.

4. Make sure any new revenue sources or subscriptions are up to date

Make a note of direct deposit and withdrawal info for your new Heard Banking account. If you set up any new income streams or sign up for any new paid services, you’ll need that info on hand to make sure everything connects with Heard Banking.

5. Transfer your balance and wind down your old account

Once everything else is set up, transfer your savings and checking balances from your old bank account to Heard Banking. If changing direct deposit and routing info for some services is taking longer than expected, feel free to leave your old account open until the transition is complete.

Why switch to Heard Banking now?

If you apply for a Heard bank account before the end of July 7th, 2026, you’re eligible for a $150 welcome bonus****.

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You just need to complete five debit card purchases within 60 days with your new account. After that, you’ll automatically receive your $150 deposit. Open your account now. See full Account Opening Promotion Terms.

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You didn’t launch your private practice because you’re in love with spreadsheets. 

Heard’s mission from Day One has been to reduce the burden of financial admin for therapists and wellness practitioners. Heard Banking is the next step—and one you can take to make running your private practice easier.

Interested? Opening your account takes just 10 minutes. Get started now to benefit from the $150 welcome bonus.

Summary

• With Heard Banking, your private practice’s bookkeeping, accounting, and taxes are all handled under one roof—and accessible through a single dashboard
• All Heard members now have the choice of opting into Heard Banking at no extra charge with no minimum deposit
• Signing up for Heard Banking takes an average of 10 minutes, after which you receive a virtual Visa Debit card (a physical card is mailed to you the same day)
• In order to transition from your old bank account, switch the routing numbers in your EHR or billing platform and update any subscriptions or automatic payments
• Heard members who apply by July 7, 2026 may receive a $150 welcome bonus deposited directly in their accounts, subject to Account Opening Promotion Terms****

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*Heard is a financial technology company, not a bank. Banking services provided by i3 Bank, Member FDIC. Banking technology powered by Unit Finance, Inc.  Unit Finance Inc. is a technology company, not a bank. The Heard Visa Debit Card is issued by i3 Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. Deposits may be eligible for up to $3 million of FDIC insurance through a network of participating banks. Each participating bank is FDIC insured up to $250,000 per depositor, per bank. Accounts are eligible for pass-through deposit insurance only to the extent pass-through insurance is permitted by the rules and regulations of the FDIC, and if the requirements for pass-through insurance are satisfied.

**Annual Percentage Yield (APY) is variable and subject to change after account opening. Rate is compounded monthly and credited monthly.

***No account or domestic transaction fees. Some foreign transaction fees may apply in limited circumstances.

****The $150.00 bonus will be deposited directly to your Heard bank account, held at i3 Bank, when you (i) apply for a Heard bank account between June 9, 2026 at 12:00 am PT and July 7, 2026 at 11:59pm PT and (ii) complete five qualifying transactions within 60 days of account opening. “Qualifying transactions” means debit-card purchases initiated and posted through Heard; ACH debits, transfers between Heard accounts, and reversed or returned transactions are excluded. The bonus will be deposited on the last day of the month for any customers who meet all requirements by the 25th of the month. The account must remain open and in good standing to receive the bonus. This bonus may be reported as taxable income. Banking services are provided by i3 Bank, Member FDIC. This promotion is not an i3 Bank-funded interest promotion. Offer is subject to change or termination at any time. See full Account Opening Promotion Terms for complete details and restrictions.