As the world becomes more digitalized, the traditional brick-and-mortar banking model is slowly becoming a thing of the past. Digital banking is fast becoming the norm, and businesses are not left out of this trend. With digital banking, businesses can carry out transactions from the comfort of their offices, without ever having to set foot in a physical bank. This article aims to highlight the best digital banks for business.
1. Azlo
Azlo is an online banking platform designed specifically for freelancers and small businesses. It offers free business checking accounts with no monthly fees and no minimum balance requirements. Azlo also provides access to features such as mobile check deposit, invoicing, and bill payment. The platform is known for its simplicity, and its user-friendly mobile app makes it easy for business owners to manage their finances on the go.
2. Novo
Novo is a digital bank that caters to small business owners, entrepreneurs, and freelancers. It offers fee-free business checking accounts with no monthly fees, as well as integrations with business tools such as Shopify, Xero, and Slack. Novo also provides unlimited ATM fee reimbursements, and its mobile app offers features such as mobile check deposit and instant money transfers.
3. Chase
Chase is a well-known traditional bank that has embraced digital banking. It offers online business banking services that allow businesses to manage their finances from anywhere. Chase offers a range of business checking accounts, including a fee-free account for small businesses. It also provides access to a range of tools and services such as mobile check deposit, invoicing, and bill payment.
4. Capital One
Capital One is another traditional bank that has made a foray into digital banking. It offers a range of business checking accounts, including a fee-free account for small businesses. Capital One also provides access to a range of features such as mobile check deposit, invoicing, and bill payment. Its mobile app is user-friendly and allows business owners to manage their finances on the go.
5. Axos Bank
Axos Bank is an online-only bank that offers a range of business banking services. It offers a variety of business checking accounts, including a high-yield account that offers competitive interest rates. Axos Bank also provides access to features such as mobile check deposit, invoicing, and bill payment. Its mobile app is user-friendly and allows business owners to manage their finances on the go.
6. BlueVine
BlueVine is an online bank that offers a range of business banking services. It offers fee-free business checking accounts with no minimum balance requirements. BlueVine also provides access to features such as mobile check deposit, invoicing, and bill payment. Its mobile app is user-friendly and allows business owners to manage their finances on the go. BlueVine also offers lines of credit and invoice factoring services to help businesses manage their cash flow.
7. Bank of America
Bank of America is a traditional bank that has embraced digital banking. It offers online business banking services that allow businesses to manage their finances from anywhere. Bank of America offers a range of business checking accounts, including a fee-free account for small businesses. It also provides access to a range of tools and services such as mobile check deposit, invoicing, and bill payment.
8. PNC Bank
PNC Bank is a traditional bank that has embraced digital banking. It offers online business banking services that allow businesses to manage their finances from anywhere. PNC Bank offers a range of business checking accounts, including a fee-free account for small businesses. It also provides access to a range of tools and services such as mobile check deposit, invoicing, and bill payment.
9. US Bank
US Bank is a traditional bank that has embraced digital banking. It offers online business banking services that allow businesses to manage their finances from anywhere. US Bank offers a range of business checking accounts, including a fee-free account for small businesses. It also provides access to a range of tools and services such as mobile check deposit, invoicing, and bill payment.
10. BBVA
BBVA is a traditional bank that has embraced digital banking. It offers online business banking services that allow businesses to manage their finances from anywhere. BBVA offers a range of business checking accounts, including a fee-free account for small businesses. It also provides access to a range of tools and services such as mobile check deposit, invoicing, and bill payment.
Conclusion
Choosing the best digital bank for your business can be a daunting task. However, by considering factors such as the fees charged, the features offered, and the user-friendliness of the mobile app, you can make an informed decision. Azlo, Novo, Chase, Capital One, Axos Bank, BlueVine, Bank of America, PNC Bank, US Bank, and BBVA are all great options to consider. Choose the one that best suits your business needs.