Best No Fee Banks for All Your Business Purposes!

Jan 9, 2023 | Banking

Zil is a financial technology company, not a bank or an FDIC member. Zil offers banking services through partnership with FDIC member banks Silicon Valley Bank, Texas National Bank, and East-West Bank.

As a business owner, you understand how important every penny is. That’s why one of the no fee banks Zil is proud to offer no-fee checking accounts tailored specifically for small businesses. You’ll never have to worry about hidden fees or any other types of charges with Zil; our accounts are completely free to use. Since all of our banking is conducted online, you can access your account at any time and from any location.

Payments can be made quickly and easily with options like Real-Time Payment, ACH, printable checks, eChecks, and wire transfers. There is no easier or more affordable way to bank than with Zil.

Online Banks

Some banks only conduct business online and have no physical branches. Customers can get in touch with these banks via phone, email, or online chat. Mobile devices are frequently used to conduct online banking transactions. A desktop computer can also be used.

The lack of ATMs could be a problem, but customers can use ATMs at other banks and stores. They might well be able to cover some of the ATM fees that other banks charge their customers. Since online banks don’t have physical branches, they usually have lower overhead costs, which lets customers save a lot on fees. Use Zil’s checking account to avoid paying ATM fees.

Most of the online banks are no fee banks, but Zil provides you with a fee-free checking account for your business purposes without any types of fees; there aren’t any maintenance or hidden fees, no ATM fee, or any minimum requirement.

Benefits of Online Banking

When it comes to banking, online options are always becoming more popular. Here are some of the benefits of online banking:

  • Simplicity
  • Security
  • Convenience
  • Cost savings
  • Easy access
  • Manage your Finances 

Open a Business Bank Account Online on Zil   

Zil Internet banking is a great option for businesses of all sizes. Whether you’re looking for a simple payment method or a comprehensive hub for managing multiple accounts, Zil has you covered. Our platform offers a free online banking account.

You can also open an account with no deposit required. Customers can use the bank’s services, which include internet banking, mobile banking, and other features. Zil supports ACH, wire transfers, direct deposits, eChecks, and other transactions. This means you can tailor your Zil experience to meet the specific needs of your business.

To open a business bank account on Zil, you need to apply for the cloud bank. 

  1. Step 1: Enter the business information and upload the business documents.
  2. Step 2: Enter your personal information on the next page.
  3. Step 3: Add a government ID and upload your selfie for verification.
  4. Step 4: Provide your date of birth, agree to the terms and conditions, and click the “Submit” button.

Zil will verify your documents and notify you once the business bank account is created. 

The details to be provided

Business details includes

  • Business Legal Name (As on the EIN Paper)
  • Business Address
  • Entity
  • DBA
  • Formation Date
  • Industry Type
  • Card Label

For faster approval, please provide your business documents

  • Formation Document
  • Principal Officer ID

Personal Details

  • First Name
  • Last Name
  • Select Id Type
  • Physical Home Address
  • Year of birth

Documents needed are:

  • Government id
  • Selfie

US Bank Account from Anywhere

An American bank account can help your company expand more quickly if you are doing business inside America. Having the ability to accept US dollars without suffering any exchange rate losses is just one of many advantages of having a US bank account.

Another benefit is that you can diversify the ways in which your customers can pay you without significantly reducing your market share. A US bank account gives you access to US-specific benefits. You can open a US business bank account online and enjoy all the benefits of a US bank without ever leaving your home country. So, if you want your business to grow faster in the US, the best thing to do is open a US bank account.

So, if you’re looking for a no-fee checking account that’s tailored for all your business purposes, Zil is one of the best no fee banks and will be perfect for maintaining your business finances. Using our online banking service, you can check your balance whenever you like, from anywhere in the world. Also, we streamline the process of instant payments through options like ACH, printable checks, eChecks, wire transfers, and real-time payment. So, open an account today and see what a difference Zil can make for your small business!

Get in Touch

(408) 775-7720

Make a call directly with our customer support team to make it instantly.

support@zilbank.com

Email us to solve any queries you have about Zil.

111 N Market St, San Jose, CA 95113

PO Box 6543, Tyler TX 75711

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