Relay
New York, NY, USA
Relay, a fintech firm, provides a comprehensive online banking solution tailored for small businesses in the U.S. Its platform champions financial clarity and control, offering features such as meticulous organization of up to 20 checking accounts, and a wide range of payment options from ACH to wire transfers. The company prides itself on transparency, with no hidden fees or minimum account balances. Customers can enjoy savings with an Annual Percentage Yield (APY) of up to 2.68% and cash back rewards of up to 1.5% on credit card spending. High deposit insurance of up to $3M, provided through Thread Bank, Member FDIC, plus Visa Zero Liability Protection, underscores Relay's commitment to security.
Editor's Summary
What people are saying: #Transparent #UserFriendly #Secure
The Analysis
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Relay has been a game-changer for my small business, making banking effortless and tailored to my needs.
The user-friendly platform and exceptional customer support from Relay have truly transformed how I manage my finances.
Rankings updated quarterly. Learn about our methodology.
Novo
Miami, FL, USA
Novo is a trailblazer in the realm of online banking for small businesses, providing a suite of digital solutions tailored to meet the financial needs of modern entrepreneurs. From a free checking account devoid of hidden charges to a user-friendly credit card, the company empowers business owners with financial tools that foster growth. Novo's platform also stands out with its AI-powered bookkeeping function and intuitive budgeting services. Its integrations with top business tools, along with exclusive discounts, further enhance its appeal. Moreover, Novo's commitment to security, with features like bank-level encryption and real-time fraud alerts, lends credibility to its services. The company is not a traditional bank but a fintech providing banking services through Middlesex Federal Savings, making it a compelling choice for small businesses seeking a modern approach to banking.
Editor's Summary
What people are saying: #Intuitive #Secure #Innovative
The Analysis
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Novo has been a breath of fresh air for my small business; their support is reliable, and I appreciate their timely responses and respect for my needs.
I've had a great experience with Novo so far-everything has been handled efficiently, and I truly value the professionalism they bring to the table.
Rankings updated quarterly. Learn about our methodology.
Bluevine
Redwood City, CA, USA
Bluevine is a leading financial technology firm in the US, providing a comprehensive suite of online banking services tailored to small businesses. The company offers a powerful business banking platform, highlighted by its business checking account which delivers high-yield interest, fee savings, and the convenience of never having to step into a bank. Bluevine's business loans, offering up to $500,000 in a lump sum or a line of credit up to $250,000, provide flexible financing options to fuel growth. Its innovatively integrated invoicing and payment system, including a Tap to Pay feature, simplifies the process of receiving payments, both domestically and internationally. With a decade of experience in the industry, Bluevine's reputation is further bolstered by an A+ rating from the Better Business Bureau, underpinning its commitment to customer satisfaction and security.
Editor's Summary
What people are saying: #Innovative #CustomerFocused #FinanciallyEmpowering
The Analysis
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My experience with BlueVine has been incredibly efficient; the process was completed in just minutes, and a representative reached out right away to ensure everything was finalized smoothly.
While there have been some frustrations with deposit verifications, I appreciate how quickly BlueVine's team responds to my inquiries and assists with the process.
Rankings updated quarterly. Learn about our methodology.
Plumas Bank
Quincy, CA, USA
Plumas Bank, an award-winning, locally managed community bank, stands out for its specialized services catering to small businesses. With 19 branches across Northeastern California and Northern Nevada, the bank also extends its accessibility through remote banking services, demonstrating its understanding of the evolving needs of modern businesses. As a preferred lender with the United States Small Business Administration, Plumas Bank offers quick loan decisions and flexible options, addressing the financial needs of small businesses efficiently. The bank's commitment to personalized service, evident in its provision of expert banking advice and a dedicated banking team, sets it apart in the competitive landscape of online banks for small businesses. Despite its local management, Plumas Bank has garnered recognition as one of the top performing community banks in the nation.
Editor's Summary
What people are saying: #CustomerFocused #EfficientServices #InnovativeFinancing
The Analysis
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I've been a loyal customer of Plumas Bank for over a decade, and their consistent support has made banking a breeze for my small business.
While I encountered some challenges with communication, the overall experience has been positive, and I appreciate the long-standing relationship I've built with Plumas Bank.
Rankings updated quarterly. Learn about our methodology.
Cambridge Savings Bank
Cambridge, MA, USA
Cambridge Savings Bank, a member of the FDIC, proposes a comprehensive suite of banking services tailored for small businesses. The firm offers a blend of traditional banking services like checking and savings accounts and more advanced features including mobile and online banking, providing a convenient banking experience suitable for modern small businesses. Their lending services, which include small business lending, provide financial support for business growth and development. Particularly notable is their Treasury Management service, a crucial tool for businesses to manage their financial operations more effectively. With additional services like fraud prevention and a financial education program, Cambridge Savings Bank demonstrates a commitment to not just financial transactions, but also to the overall financial well-being of its small business clients.
Editor's Summary
What people are saying: #Convenient #Comprehensive #Supportive
The Analysis
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Cambridge Savings Bank truly stands out with their personal approach to banking, making me feel valued compared to larger banks.
While I appreciated their commitment to personalized service, the lengthy approval process left me wanting more communication about my application status.
Rankings updated quarterly. Learn about our methodology.
OneUnited Bank
Boston, MA, USA
OneUnited Bank, a multi-year award-winning Community Development Financial Institution (CDFI) with 50 years of service under its belt, is transforming the banking landscape for small businesses. It stands out with its unique application of Artificial Intelligence (AI) to provide personalized financial insights, enabling businesses to make sound decisions and build wealth. The bank's robust digital banking platform offers a wide array of services from mobile banking and money management to credit building and loans, all tailored to meet the unique needs of small enterprises. With an emphasis on fostering generational wealth and closing the wealth gap, OneUnited offers a refreshing blend of technology and purpose-driven banking. Importantly, it boasts a highly rated mobile app and a customer support team based in America, underscoring its commitment to customer service excellence.
Editor's Summary
What people are saying: #Innovative #WealthBuilding #CustomerFocused
The Analysis
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OneUnited Bank has truly impressed me with their exceptional customer service; they take the time to understand my needs and always provide thoughtful answers.
I love banking with OneUnited! The staff is amazing, and I really hope they bring back the community events that made banking with them even more special.
Rankings updated quarterly. Learn about our methodology.
Stockman Bank
Miles City, MT, USA
Stockman Bank, a Montana-based financial institution, provides an array of services tailored to small businesses, including banking, wealth management, and insurance. The bank offers a robust online banking platform, equipped with a detailed system for managing money and ensuring financial control. One of its key strengths is its commitment to safeguarding customer financial information through comprehensive fraud protection tools and resources. However, it's important to note that its wealth management and insurance products are not FDIC insured and may lose value. Also, Stockman Bank emphasizes its Montana roots in a bid to differentiate itself, offering credit cards with local flavor and encouraging customers to share photos that could be featured on its website or marketing materials.
Editor's Summary
What people are saying: #Secure #LocalFocus #BusinessFriendly
The Analysis
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Navigating the policies at Stockman Bank can be quite confusing, particularly with their restrictive legends on checks, which feels inconsistent.
If I could rate Stockman Bank lower than one star, I definitely would; my experience has been far from satisfactory.
Rankings updated quarterly. Learn about our methodology.
Amalgamated Bank
New York, NY, USA
Amalgamated Bank stands out as a pioneering online banking option for small businesses in the US. The bank offers a comprehensive suite of banking services, including checking, savings, investment advisory services, and social impact lending. What sets Amalgamated apart is its commitment to socially responsible banking, offering products like a Fossil Fuel Free Portfolio and promoting sustainable finance. Its Small Business Banking Solutions, which include mobile banking, treasury management, and fraud prevention, are tailored to support the unique needs of growing businesses. Furthermore, the bank's user-friendly mobile app provides seamless access to account management and transactions, reinforcing its commitment to providing convenient, modern banking solutions.
Editor's Summary
What people are saying: #EcoFriendly #Innovative #Convenient
The Analysis
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I've been a loyal customer for 15 years and truly appreciate Amalgamated Bank's mission. However, I wish their services were more accessible, especially with the recent closures in Manhattan.
I love the values that Amalgamated Bank stands for, but navigating their reduced locations has been a bit challenging for me as a longtime customer.
Rankings updated quarterly. Learn about our methodology.
JD Bank
Jennings, LA, USA
JD Bank stands as a comprehensive banking solution for small businesses in the US. The bank offers a wide range of banking services, including checking and savings accounts, online banking, and various loan options. What sets JD Bank apart is its user-friendly online banking services, making it a commendable choice for small businesses seeking efficient digital banking solutions. The bank also offers specific products such as a business lending program and commercial loan officers to aid small businesses in their financial growth. With additional offerings like ACH Origination and Merchant Services, JD Bank caters to the diverse needs of small businesses, making it a versatile player in the online banking space.
Editor's Summary
What people are saying: #UserFriendly #Versatile #BusinessGrowthFocused
The Analysis
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I've been disappointed with the customer service at the Lake Arthur branch; it really doesn't live up to the expectations of a local bank.
After years of my mother banking here, I expected better support during my visit, but unfortunately, it fell short.
Rankings updated quarterly. Learn about our methodology.
INTRUST Bank
Wichita, KS, USA
INTRUST Bank, a US-based financial institution, offers a diverse range of services, focusing on customer convenience and financial security. Their banking solutions cater to both personal and business needs, with a special emphasis on small businesses. INTRUST's business banking platform includes free small business checking, commercial loans, and treasury management services, making it a one-stop banking resource for small businesses. The bank's online and mobile banking tools provide customers with 24/7 access to their accounts, a feature that aligns well with the modern, on-the-go business owner. Equally noteworthy is their commitment to customer education, offering resources to help identify and avoid scams, and guidance on financial planning.
Editor's Summary
What people are saying: #UserFriendly #Secure #Resourceful
The Analysis
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My experience with INTRUST Bank was disappointing; they assured me my payment would go through, but it ended up being rejected, leading me to seek a more reliable banking option.
After dealing with other banks in Wichita, I found INTRUST Bank to be the most frustrating, especially after losing funds due to their mishandling.
Rankings updated quarterly. Learn about our methodology.