Azlo Rates & Fees:
Azlo does not charge any fees for their banking services. The company earns money from the interest on deposits into Azlo accounts.
Pros: No minimum balance required. Stripe payment integrations.
Cons: Azlo is entirely online, so you cannot make cash deposits.
Bottomline: An affordable online banking option that works well for small business owners who don't need a physical bank branch.
Azlo Features & Benefits:
Free payments and transfers.
You can transfer money to other accounts and make payments directly from your Azlo account without incurring any charges or fees.
No minimum balances.
With Azlo, you do not need to maintain a minimum balance in your bank account in order to avoid paying a monthly maintenance fee. Most banks charge business customers a fee if they do not keep a certain amount of money in their account each month.
Connect to Stripe.
You can connect your Azlo account directly to your Stripe account so that payments from customers via Stripe go directly into your bank account.
Azlo News & Activity:
News or Activity
June 28, 2018
June 22, 2018
Azlo Key Information:
San Francisco, CA
Is Azlo just for established businesses?
Azlo banking can be used by small businesses, freelancers, online retailers and more. Qualified applicants must be U.S. residents that are at least 18 years old and have a valid U.S. address.
Does Azlo have an invoicing tool?
Yes. You can create and send customer invoices directly from your Azlo bank account. This integration makes it easy for entrepreneurs and freelancers to bill their clients.
Are there any Azlo alternatives?
I just shut down my Azlo account for my business because of lack of multi-user support. I couldn't issue a debit card or login for my business partner. Also, I did not receive a functioning debit card at any point. They either were messing up shipping, or just sent cards through the slowest of mail. I'm not confident that they would send a card internationally.
Haven't had any issues so far with them. No fees or anything. Sometimes transferring money can take 1-2 days longer compared to a traditional bank. But they have some really cool features such as mail a check and invoicing. I like them.
I just applied a couple of days ago and my application wasn't accepted. I asked for a reason and they kept saying they can't divulge a reason which seems super bizarre to me as I have great credit, no bad legal history, and nothing about my financial history that's unsavory. Called customer service and asked to be escalated, but off to a rocky start...
So far, I LOVE Azlo! No fees, no possibility of overdrafts as the don't allow any debits to your account except through their bill pay system, or your debit card (talk about no surprises), and I have had zero issues with them.