[londont]

Hi there, co-founder of Gusto here. Running payroll from your personal account won't work. It has to be a business account. Please see below a msg I wrote earlier in the thread about some advice on how to get that done on time --

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To clarify — If you have not yet updated your bank account on file to another (see article), you will have to wire funds to Gusto in order to make payroll on time. Log in to the app, run payroll, and you’ll get a prompt with more details and the specific cut-off, but it’s usually 10am PST in the morning of payroll.

In terms, of getting a new bank set up, I’ve seen people open bank accounts same-day with Mercury (online) or Chase (walking into a branch). Wiring funds from SVB to one of these banks should take <24hr to complete.

But yes, you CAN initiate a wire transfer from SVB if you prefer to do that. Note that some SVB customers are seeing issues with the portal right now (probably given high traffic).

Hope this helps.

Oh, also we created this resource hub to help SVB customers with tips like the above: https://gusto.com/company-news/silicon-valley-bank-closure-r...

[dougSF70]

You are adding a layer of complexity on what is the safest bank in America for the foreseeable future.

[dougSF70]

Ok, I just got an email from the new CEO. The king is dead, long live the king.

Silicon Valley Bank, N.A. rising from the ashes of SVB...can gusto update now please.