Welcome Product Hunters! Get your first month free of Lance Pro with promo code: HUNTED

Let's get you sorted.

What is Lance?

Lance is the first smart business banking account for the self-employed. Lance automatically allocates personal income, tax withholding, business expenses and profit for individual businesses. With basic bookkeeping, entry level accounting and taxes done, self-employed workers now have everything they need to grow financially-compliant and stable businesses.

Is Lance secure and FDIC-insured?

Of course! Your deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 through  Blue Ridge Bank; Member FDIC.

Do I have to be a freelancer to use Lance?

Lance is optimized for the self-employed. If you're a freelancer, a side-hustler, or anyone who uses a 1099 form, Lance is your best option for a business bank account.

Will you really pay my taxes?

Yes! We pay your quarterly IRS payments. To file your annual tax statement, however, you will need an accountant. (We don't have that superpower yet.)

Frequently asked questions

Can I open my account if I'm not in the US?

Right now, you have to be a US citizen to open a Lance account. If you're from outside the US, we look forward to supporting you soon!

How do you protect my data?

Your data security and privacy is our top priority. Here are some things we do to ensure your account safety:
• We require HTTPS on all pages, and use HSTS to ensure browsers only ever connect to us over a secure connection.
• We employ a top-notch third party to perform penetration testing every year to check for vulnerabilities.
• We store passwords hashed with the bcrypt algorithm.
• We never store or log your plaintext password.
• We use time-based One Time Passwords (OTP) for two-factor authentication.
• We encrypt our database, including passwords and all uploaded images.
• We employ additional encryption for sensitive data, like social security numbers.
• We never store your debit card number.

Can I give my accountant access to my Lance account?

Not yet. But you can download and email Lance's financial statements and data to your accountant as often as you wish. It's free.

What constitutes as "income" for my Lance account?

Whether you're an Etsy shop owner, an Amazon seller, a content writer, wedding photographer, or fitness instructor -- anything you get paid for on a freelance basis counts as income.

So, can I route all my Venmo, Cashapp and Paypal payments to Lance?

You can and should. That's the best way to account for all your tax liabilities.

How do you determine how much I need to pay in taxes?

We've developed an algorithm that does exactly that, so you'll never have to worry about over- or under-saving for your taxes.

Are my expenses deducted automatically?

Yes! Just make sure to use your Lance debit card for all your business expenses.

Who decides my salary?

You do! When you open an account, you get to determine what percentage of your income your salary will be, and how often you’d like to receive it (bi-weekly or monthly). We'll work with you to fine tune the best percentage.

I earned less than usual this month. How does this reflect in my salary?

It doesn't. We try to keep your salary as stable as possible, for your own mental well being.

Still have questions?

Check out our help center for answers to your most pressing questions, like, what’s the meaning of life? And how do I get a voided check?

Lance Help Center



All our basic account features for free, with absolutely no hidden fees. No credit card required.


FDIC-insured banking account
Unlimited Payments, deposits & transfers
Instantly active virtual debit card
Free ATM deposits & withdrawals
World-class support
ACH limits: $2,500 / day | $10,000 / month
Card spending Limits: $2,500 / day
Up-to 1.5% cashback on every purchase


Unlimited accounting reports
Digital receipt capturing
Auto-tracking expenses
Manual salary transfers
Automatic salary transfers
Pre-filled Schedule C


Dynamic tax calculation
Automatic tax withholding
Free tax payments
Welcome Product Hunters! Get your first month free of Lance Pro with promo code: HUNTED