All Azlo accounts were closed on 3/31/2021. For more information, visit our Azlo Closure FAQ.

Business banking alternatives to Azlo

Alternative Banks-blog-lg

As we announced on Thursday, Jan. 7, the strategic decision has been made to close Azlo. In the wake of this announcement, you may have wondered what banking alternatives are available to you. We want to help provide some options for you.

You may have been drawn to Azlo because of the free account and no minimum balance. Azlo was started on a mission to level the playing field for founders, freelancers, and small business owners. Keeping that in mind, we’ve compiled a list of banking offerings that are focused specifically on small business banking and follow our ethos of being digital-first and customer-centric.

We’ve listed some of the similar services and features that each of these companies offer and that may be a good fit for you. We’re not receiving compensation for this, and we haven’t reviewed these products in depth. (Here are a few comparison sites that offer more information for those who’d like to do more research: Fundera, NerdWallet, and Money Under 30.)

Below, are a few potential alternatives that we’ve identified that you may want to consider and some details that we’ve pulled from their respective sites:

  • QuickBooks Cash

Designed for: Small businesses, freelancers

QuickBooks Cash is a business bank account built right in QuickBooks. Although not all features are broadly available yet, it advertises:

  • No monthly fees or account minimums 
  • Pays interest on all balances
  • Instant Deposit, with no extra cost, for eligible users
  • Free ACH transfers (terms and conditions apply)
  • Envelopes – high-yield savings buckets for routine expenses and long-term goals
  • Entry-free bookkeeping powered by integration with QuickBooks 

Make sure to review all their account terms and conditions before you decide this is the right choice for you. Get started here.

  • Lili

Designed for: Freelancers

Lili offers a no-fee account for entrepreneurs and provides tools to track finances. The account has:

  • No monthly service fees
  • No fees at more than 38,000 ATMs
  • No minimum balance required
  • No foreign exchange rate adjustment
  • Financial insights and expense reports

Get started here


  • Mercury

Designed for: Startups

Mercury’s goal is to “help tech companies scale.” It has:

  • No minimum balances
  • No hidden fees
  • Physical and virtual debit cards
  • ACH, check deposit, and wire transfers
  • Integration with Stripe, Amazon, Shopify, and PayPal

In the next 90 days, Mercury is offering Azlo customers $500 when they deposit $250,000 or $50—up to $500—for every $1,000 spent on their card. 

Get started here


  • Novo

Designed for: Independents, freelancers and small businesses

Novo is a business bank account catering to freelancers, startup founders, and small business owners. Its features include:

  • No monthly or hidden fees
  • Envelope budgeting (Reserves), invoicing, and accounting integrations 
  • Unlimited ACH and checks
  • No minimum balance requirements
  • Refunds for ATM fees
  • Free transfers, mailed checks, and incoming wires

Get started here


  • NorthOne
Designed for: Small businesses, startups, freelancers, and those using Profit First

NorthOne offers on-the-go banking that makes handling business finances easier. NorthOne includes:

  • Mobile app
  • Profit First sub-accounts
  • 24/7 in-app support
  • Limited bookkeeper access
  • Invoicing
  • Cash withdrawals and deposit
  • Accounting integrations
  • Cashflow analytics

Get started here


  • Brex

Designed for: Startups, small businesses, those looking for rewards

Brex makes it easy to get your complete business account set up the right way, with credit cards, cash management, expenses, and accounting in one place. It offers:

  • Fee-free cash management account
  • Free to send checks, ACH, and wires—even internationally
  • No personal guarantee
  • Live support
  • Receipts match automatically
  • Rewards on all card spend
  • Built-in integrations with QuickBooks, Xero, and Gusto and more
  • Perks from our partners, like up to $100,000 AWS Activate credit 

Get started here.

  • nbkc

Designed for: Small businesses, freelancers, independents, and personal banking needs

nbkc is a full-service bank that offers integrated small business tools that help you collect customer payments and manage your cash flow.


  • No monthly account fees or minimum balance requirements
  • No fees for Mobile Deposit + Bill Pay
  • Integrated digital invoicing and accounting with Autobooks
  • Secure link for accepting customer payments
  • Business debit card with access to 34,000+ Free ATMs Nationwide
  • Up to $12/month reimbursement on all other ATMs
  • nbkc is FDIC insured

Get started here.



Hi there! This post exists to offer you (hopefully) useful information but it cannot take the place of personalized professional advice. Please consult a qualified expert if you have questions about your business. Also, Azlo doesn’t endorse any third-party sites that are linked here.

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