Please note the banking migration does not impact all Forma customers. Forma will be in contact with you should the banking migration need your attention.
If you accept Forma's new banking partner, Thread Bank, as part of the migration, there isn’t anything you need to do. Forma will automatically transfer the balances to the new Thread account.
Please note that you may see language stating the following, though Forma doesn't need you to transfer funds out of your deposit account: “We encourage you to transfer funds out of your deposit account to an external account prior to the date of closure. Your funds will not be available for transfer after.”
If you miss the deadline to agree (November 22), you will receive a physical check for your remaining balance sent to the address Forma has on file. Please update your mailing address to ensure it stays up to date.