Azlo Bank has recently decided to shut down all operations. Azlo Bank was a neo-bank that offered customers a fee-free checking account. Since it has decided to shut operations, a replacement is needed to fill the void left by Azlo Bank after shutting down. The best alternative to Azlo Bank is Zil. Zill is a cloud-based bank that provides fee-free accounts to its customers. Apart from this, Zil also offers services such as free ACH payments, direct deposits, and wire transfers. Zil also offers free check drafts, eChecks, checks by mail, and invoices. These services can be used as alternatives to Azlo Bank services, mainly focusing on providing no-fee services to customers. Just like Azlo Bank, Zil also does not take any service charges, account opening fees, have minimum balance requirements, or monthly or yearly fees.
Zil offers online banking services, which is an all-in-one platform that lets customers perform free ACH transfers, direct deposits, wire transfers, and eChecks. Zil also provides a physical visa card with which customers can make quick and easy payments, withdraw cash from ATMs, do online and offline shopping, complete bill payments, and earn rewards. Zil also provides a virtual card that can be easily integrated with a customer’s smartphone or smartwatch and used with any online merchant or vendors who have enabled touchless transactions. You can also lock the cards immediately with your mobile phone app. Zil also lets you have multiple virtual cards for the same account and set spending limits for it, making it easier for businesses to assign cards to their employees based on spending needs. Also, a business would be able to keep track of employee invoices properly, easily taking stock of all employee expenses.
Why Zil is an alternative to Azlo Bank is because
- Zil provides a no-fee account
- Provides free ACH transfers, wire transfers, and direct deposits
- Provides physical card
- Provides virtual card
