Every Income Source in Sequence is registered to a Beneficiary - this is the legal owner or entity of the checking account receiving funds.
Choosing the right one matters, especially if you're getting paid by clients or platforms that require an exact name match.
What is a Beneficiary?
It’s the name or entity on the receiving checking account (income source).
If the income is personal, choose your own name
If the income is business-related, choose your business name
Think of it like the "Pay to the Order Of" line on a check — it must match what the sender expects.
Why it matters
If someone sends money to a business name (like "Acme LLC")...
…but your Income Source is registered to your personal name...
…it could fail due to a name mismatch.
Setting the right Beneficiary keeps your deposits flowing smoothly.
Where to find it
You can see the Beneficiary of any Income Source by:
Clicking into the Income Source on your map
Viewing the account details, you'll see the routing number, account number, bank name and Beneficiary listed together
How to set the Beneficiary
This happens only when you create the Income Source.
Click the + button on the bottom panel → Income Source
In the Beneficiary dropdown, select:
Personal name if the income is for you
Business name if the funds should go to a business entity
If your business doesn't appear in the list, it means you haven't registered it yet.
Drop in link: Click here to learn how to register your business
Once you've got the right Beneficiary set, you're ready to start receiving deposits with no hiccups.