Interesting way to manage many bank accounts with automation

[Johnny boy]

We will be opening up our 4th location this next spring. It got me thinking...there's going to be a lot of bank accounts, a lot of vehicles, a lot of taxes, a lot of everything.

I got an ad for this thing called Sequence and it just launched today.

Automate Your Finances, Gain Control

Sequence' is the first-of-its-kind financial router, which unlocks the power of financial automation. Tie all your accounts together, visualize your money flow, set smart routing rules, and control it all from one single, powerful platform.

www.getsequence.io

You can map out all of your accounts, loans, income, and create automations between them.

You can create rules for distributing percentages of income, schedule transfers, and see it all visually in one place.

How I would use it would be to have many different locations, all with their own checking, savings, payroll and tax accounts, and automatically move money to them by percentage each month. Then setup automatic distributions so I am receiving a percentage of that revenue to my one main business that owns them all. And I get paid from that one account automatically. I can then send my income into savings, checking, tax, etc. And I think it would help make everything easy to use and visualize.

I haven't heard much of them online but it appears they are partnered with Thread bank and it is FDIC insured and they use plaid to connect your accounts. When I connected my account it said on plaid that it masks the account numbers so Sequence doesn't see them, also the founder Tom Reuveni was a cofounder of Lance, another fintech startup, so it seems legit to me despite being brand new.

Make sure to do due diligence before putting money anywhere or connecting accounts in any way though.

 

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