As it happens, Business banking happens to be one of the most important factors when it comes to running a business.
However, if you are a small-scale business or a freelancer, or don’t use your money very frequently, then it is troublesome finding the most convenient bank for yourself.
With that being said, this Azlo Bank review is bound to bring you some facts which will make you decide that Azlo Bank is the perfect choice for you!
Azlo has many features and has a lot of services to offer for small-scale business owners and freelancers.
This article is going to be covering all the pros and cons that there are for you to know about Azlo.
This will also allow you to figure out whether or not Azlo is the right choice for you.
- 1 What is Azlo Bank?
- 2 How Does Azlo Work?
- 3 Azlo Features:
- 3.0.1 Allows You to Send Invoices:
- 3.0.2 Allow you to Deposit Check Through Your Smartphone:
- 3.0.3 Allows you to Deposit Through E-mail:
- 3.0.4 Comes with Integration with Apps and Payment Processors:
- 3.0.5 Fee-Free Business Banking:
- 3.0.6 Offers All the Functionality on the Internet:
- 3.0.7 FDIC Insurance:
- 3.0.8 Azlo Visa Debit Card:
- 3.0.9 Azlo Fee-Free ATM’s:
- 3.0.10 Dedicated Business Banking App:
- 4 Who Is Azlo Best For?
- 5 Pros & Cons of Azlo Bank:
- 6 Conclusion!
What is Azlo Bank?
You have probably heard the name of Azlo Bank for the first time around, and that’s okay!
Just in case you were wondering what Azlo Bank actually is, this Azlo Bank review will help you find out all about Azlo Bank!
Azlo bank is a name of an online bank. This online bank specifically has shifted its focus to make the process of banking rather easy and simpler for online entrepreneurs.
Now, there are a lot of people that come under the title of the online entrepreneur.
That being said, Azlo bank was specifically made to help people like Freelancers and small-scale business owners.
Azlo bank is committed to changing the traditional business bank, and it goes an extra mile to do that.
However, Azlo Bank is only available online, and it can be accessed from online United States of American and the neighboring country, Mexico.
The name of the genius behind Azlo bank is Cameron Peake.
Not only is Cameron Peake the CEO of Azlo bank, but he also happens to be a co-founder of Azlo Bank. Azlo bank is not as old as it might seem.
Azlo bank surfaced only a few years back when it was officially announced in 2017.
Being launched in 2017, Azlo Bank also happens to be a part of BBVA USA, an FDIC member.
The CEO, Cameron Peake, has this ideology where he says that in the big banks within the banking industry, the small-scale business owners and freelancers or entrepreneurs are not treated as well as they treat the other clients or in a lot of cases, they are not even taken on as a customer.
As we have already mentioned, Azlo Bank has been released to do something different from the start.
Azlo bank breaks the rule of prioritizing the bigger customers over the smaller customers, and they are inclined to treat all of their clients equally.
To give you an example of how things are going to be different at Azlo bank, Azlo bank has no caps for minimum balances and does not have any additional monthly fees either.
This happens to be one of the most important things for a small-scale business owner who is just starting right now!
What makes Azlo bank beneficial for such people is due to the fact that in the initial stages of the business, it is tough for these businesses to make solid profits in the initial stages.
Until a business starts generating revenue, it will be difficult for one to manage the expenses.
The Azlo bank CEO thinks that money is always better put forward in business rather than paying extra money in fees.
How Does Azlo Work?
Now that you know all about Azlo bank, it’s time that we ascended towards the next topic in this Azlo Bank Review.
But, before we proceed any further, let us clarify that we are not saying that Azlo bank is only a good choice for freelancers.
With that being said, let us see the working process of Azlo Bank. Azlo Bank works a little differently than traditional banks.
However, Azlo Bank is only as good for satisfying a specified amount of banking needs for your business.
Azlo bank allows users to deposit checks in their bank accounts and accept deposits rather than directly.
Just because Azlo bank is an online bank does not mean that it will lack the functionality offered by the other banks.
WIth Azlo Bank, you will be able to withdraw cash from ATMs, just like the traditional banks.
Other than withdrawing money and having the ability to send and receive direct deposit checks, Azlo also allows you to send out the invoices to the clients of the person holding the account with Azlo Bank.
Other than that, if none of the above sounds like you and you want an account to save money, even in that case, Azlo bank happens to be the best option for you!
There are many reasons we love Azlo, but our favorite thing about Azlo bank is the fact that Azlo bank allows its signed-up users to access it from any of the 50 States of the United States of America.
Keeping that in mind, Whether you are a freelancer, a photographer, an owner of a business, You have the option to take Azlo as your banking option.
However, it would help if you were located in Either the USA or Mexico for Azlo bank to work.
As mentioned above already, Azlo bank will not work for you if you are located out of the mentioned reasons.
Having mentioned all the things, Azlo bank is not available to all the users.
There are some professions and some people to which the use of Azlo bank is limited.
For example, your business happens to be a limited partnership or your business is a limited liability partnership, you cannot work with Azlo bank.
Except for that, if you are involved in gambling, or you run a business of gambling, then it does not work for you either.
Other than that, Azlo bank is not also available to people that belong to the business of Cryptocurrency or sell products that contain cannabis and other related products.
Other than that, you are good and ready to sign up with Azlo!
There are a lot of features about Azlo, which make Azlo one of the best options when it comes to looking for a bank for a small-scale business or freelancers.
With that being said, here are some features of Azlo Bank which make it one of the best options on the market.
Who Is Azlo Best For?
Pros & Cons of Azlo Bank:
This Azlo Bank Review is focused on mentioning all the information of Azlo Bank, and Pros and Cons happen to be a part of that information!
That being said, here are some pros and cons of Azlo Bank:
Here goes our Azlo Bank Review. Baking is one of the most serious and one of the most important aspects of the business as you are going to be trading and receiving all of your money through it.
You only have to stick with the best options that there are to ensure that you get the best services.
To help the headhunt for the best bank for you, we have written this Azlo bank review.
This Azlo Bank review consists of all the listings that will help you identify what Azlo bank actually is and what benefits you can gain, and where it lacks.
This read is also going to tell you about all the basics of Azlo and the method of its operation as well.
We have tried to be as detailed as possible to explain the whole application and the processes.