- Rho: https://rho.co/
- Mercury: https://mercury.com/
- Radius Bank: https://radiusbank.com/business/
- BlueVine: https://www.bluevine.com/
- Novo: https://banknovo.com
- Wave Money: https://www.waveapps.com/money
- Brex Cash: https://www.brex.com/product/cash-management-account/
- Wise: https://www.wise.us/
- Relay: https://relayfi.com
Now if only there were a clear way to choose one. If anyone has any tips, I'm all ears.
Plus I like all these challengers snapping at the incumbents, have you seen the SVB app and website, even Chase put them to shame.
However I will say... that the Achilles heel for these newer digital banks is customer service. If they're going to lean into doing everything on the internet, they need to be investing heavily into live customer support. That's been an issue for me with several banks in the past.
Axos was super slow with set up such that half way through the process I applied to Azlo and got approved in a couple days and went with them instead. Bye.
Brex I used with my first startup beginning in 2018 (having migrated from SVB) and I loved it. There used to be a higher bar for getting an account but looks like they got rid of the $10K minimum. The rewards were pretty good and dunno if they still have it open bc pandemic but the Brex Oval Room (members only club) in South Park was a dope place to work and hang.
Based on prior experience, I'm leaning towards giving Brex a go again unless one of you can convince me otherwise.
- It looks like they use Radius Bank under the hood
- There is no Plaid support (this is almost a dealbreaker for me, as I want to use accounting tools like YNAB)