Top 10 Alternatives to Axos Bank

Axos Bank offers a comprehensive suite of business banking services designed to meet the needs of small businesses and commercial entities. This article will explore what Axos Bank provides and present some alternatives for those seeking similar services.

Reviews

Users have shared a mix of positive and negative feedback about Axos Bank. Many appreciate the bank's digital banking solutions, highlighting the convenience and efficiency of managing accounts online. Customers also commend the low or no fees associated with various business banking services. However, some users have expressed frustration with customer service, citing long response times and difficulties in resolving issues. Additionally, there are complaints about unexpected account closures and challenges in accessing funds. Overall, while the digital features and cost-effectiveness are praised, customer service and account management issues have been points of contention.

• "The online banking platform is user-friendly and makes managing my business finances a breeze." - John D.
• "Customer service is a nightmare; it took weeks to get a response to my issue." - Sarah K.

For more detailed reviews, visit Axosbank Reviews.

Best alternatives to Axos Bank

1. OneSafe

OneSafe is a financial technology company offering a blend of traditional and Web3 financial services, providing comprehensive account services for companies operating in both fiat and cryptocurrencies.

• Simple onboarding process, global payments in various currencies, user-friendly corporate cards with spend limits, comprehensive tools including global accounts, worldwide wires, foreign exchange, and accounting, multi-currency support, seamless payment options including wire, ACH, and foreign exchange, security measures including encryption, compliance protocols, and Multi-Factor Authentication (MFA), efficient currency conversion with the best rates.
• Account Opening: Free, Minimum Balance: $0, Monthly Fees: None, Corporate Cards: Included, Invoices: Included, Sending + Receiving US Domestic Payments: 0.1% fee, Sending + Receiving Sepa Payments: 0.2% fee, International Wires: 0.2% fee + $25 Swift, Fedwire: $20, FX fee on Corporate cards: 1%, USDT Transactions: 0.1% fee, Fiat <-> Crypto Conversion: Included.
• Users praise OneSafe for its exceptional customer support and seamless integration of fiat and cryptocurrency transactions. Testimonials highlight its efficiency in payroll and expense management, making it an essential tool for Web3 companies. For more details, visit the OneSafe website.

2. Countingup

Countingup is a business account service tailored for self-employed individuals and small businesses in the UK. It offers a quick and easy application process, allowing users to open an account in under 5 minutes.

• Features: Accept payments via UK bank-to-bank transfers, international transfers, and card payments, create and send unlimited professional invoices for free with payment alerts, automatic categorisation for expenses, real-time tax insights, secure data sharing with accountants.
• Pricing: Free 3-month trial, £3/month for deposits £0 – £750, £9/month for deposits £750 – £7,500, £18/month for unlimited deposits, additional transaction fees such as 30p for account transfers and direct debits, 3% for foreign transactions, £1 for ATM withdrawals, 0.5% (minimum £2) for Post Office cash loads, 3% for PayPoint cash loads, £5 for replacement cards.
• Testimonials: Users generally appreciate the ease of use and quick response times. One user mentioned, "I love to use them. It's easy to follow up on the expenses and profits, and there's a tax pot to which the tax money can be added." However, some users have faced issues, such as account blocks, with one stating, "BEWARE. For the 2nd time in a month acc has been blocked sent messages at 11 a.m yesterday HAVE I HAD A MESSAGE BACK, NO 24 hours later." For more reviews, visit the Countingup Reviews page.

3. Credem

Credem Banca offers a comprehensive range of financial products and services, including current accounts, credit cards, loans, mortgages, and investment options. The bank emphasizes customer well-being and financial health, providing tailored solutions for individuals, families, and businesses.

• Features: Wellbanking People, Green Transition Support, Financial Wellbanker, Innovative Solutions, Extensive Support Network with nearly 600 branches across Italy.
• Pricing: The pricing details for Credem's products and services are not explicitly listed on the contact page. For specific pricing information, users are directed to contact the bank directly through phone, chat, or email.
• Testimonials: Users have mixed opinions about Credem. One positive comment states, "I have found both the products and service of the branch at Citadella Del Capo as nothing but very good. The whole approach is courteous and professional." On the other hand, a negative review mentions, "My experience from the very beginning has been horrible. They were quick to respond when it came to having the paperwork signed and then everything went downhill." For more reviews, visit the Credem Reviews page.

4. OneMoneyWay

OneMoneyWay is a digital platform that provides seamless global payments, secure transfers, virtual and physical payment cards, business accounts, card acquiring, and payment terminals. The platform is designed to support SMEs globally, offering services through regulated partners.

• Features: Fast onboarding, top-grade security, low monthly fee, integrated invoicing module, local IBAN accounts, corporate cards, 24/7 support.
• Pricing:
  • Starter Plan: £49/month (billed annually), maximum revenue: 100,000 GBP, includes 1 Business Account, 1 Physical Mastercard, 1 Virtual Mastercard, exchange between 24+ currencies, invoice module, local clearing, Danish account and REG.NR., dedicated account manager.
  • Business Plan: £99/month (billed annually), maximum revenue: 2,000,000 GBP, includes up to 3 Business Accounts, 2 Physical Mastercards, 3 Virtual Mastercards, exchange between 24+ currencies, invoice module, local clearing, Danish account and REG.NR., dedicated account manager.
  • Enterprise Plan: Custom pricing (contact us), unlimited revenue, includes unlimited Business Accounts, Physical Mastercards, Virtual Mastercards, exchange between 24+ currencies, invoice module, local clearing, Danish account and REG.NR., dedicated account manager.
• Testimonials: Users generally appreciate the quick response times and helpful staff. One positive comment states, "OMW really deserve 5 stars. Immediate reaction and support throughout the process. Special mention for DENNI." However, some users have faced issues, such as one stating, "Read the conditions carefully and disregard verbal promises. Verbally promised me that I could freeze the account, I was billed as soon as the account was created." For more reviews, visit the OneMoneyWay Reviews page.

5. Multipass

MultiPass offers a business account service for global payments, featuring a dedicated IBAN, payment card, and competitive exchange rates for over 70 currencies. It provides a personal account manager, supports transactions in over 200 countries, and offers services like currency exchange, mass payments, and API integration.

• Unique Features: Dedicated IBAN, payment card, bank-beating exchange rates for over 70 currencies, personal account manager, global reach with transactions in over 200 countries, local payment options in the UK, Europe, and the USA, bespoke business solutions including Virtual IBAN, Currency Exchange, Mass Payments, API Integration, and Business Cards, regulatory compliance with FCA authorization, multiple awards for innovation and excellence.
• Pricing: Onboarding fees start from £500, priority onboarding at £500, additional user fee of £100, annual due diligence from £100, monthly maintenance fee from £100, minimum balance requirement of 3 monthly fees, local EU payments (SEPA/SEPA Instant) incoming at €2 and outgoing from 0.10% (min €10), local UK payments (Faster Payments) incoming free and outgoing £1, international SWIFT payments incoming £20/€25/$30 and outgoing £40/€50/$60, plastic card issuance and replacement at £10/€12, virtual card issuance free, FX markup at 1.5%.
• Testimonials: Users generally appreciate the efficient service and helpful support team. One positive comment states, "I would strongly recommend the Multipass solution for any business. I would especially like to commend their exceptional support team." However, some users have faced issues, with one negative review mentioning, "Don’t use Multipass for transfers. They’re not reliable or helpful." For more reviews, visit the MultiPass Reviews page.

6. Novo

Novo offers an online business checking account with no hidden fees, no minimum balance requirements, and 100% online access. It provides tools for managing business finances, including free ACH transfers, free incoming wires, secure payments, and free virtual and physical debit cards. Novo also offers additional services like bookkeeping, invoicing, integrations, and funding options.

• Unique Features: No hidden fees, no minimum balance requirements, 100% online access, free ACH transfers with low-cost express availability, free incoming wires, free virtual and physical debit cards, ATM fee reimbursement up to $7/month, personalized customer service, AI-powered bookkeeping, exclusive partner discounts, integration with top business tools, FDIC insurance up to $250,000 via Middlesex Federal Savings, F.A.
• Pricing: Novo does not charge any monthly fees, minimum balance requirements, or hidden fees. It offers free ACH transfers, free incoming wires, and ATM fee reimbursement up to $7/month. Additional services like bookkeeping, invoicing, and integrations are included at no extra cost.
• Testimonials: Users generally appreciate Novo's ease of use and the absence of hidden fees. One positive comment states, "Novo: A Game-Changing Small Business Bank for Simplified Finances and Unbeatable Support" by Lisa Benson. However, some users have faced issues, such as one stating, "This bank is terrible" by Clean Sweep. For more reviews, visit the Novo Reviews page.

7. Revolut

Revolut Business offers an all-in-one business account designed to help businesses manage their finances more efficiently. It includes features like global payments, multi-currency accounts, smarter spending, physical and virtual cards, global transfers, and currency exchange at interbank rates.

• Unique Features: Global payments to over 150 destinations, multi-currency accounts, automated spending tools, spend controls, accounting software integration, daily returns with Savings, access to 45+ million Revolut customers via Revolut Pay, AI bill payments, business tools API.
• Pricing:
  • Basic Plan: £0/month, includes local & global account details, team member addition, physical & virtual cards, online & in-person payments.
  • Grow Plan: From £19/month, includes £10,000 monthly exchange at interbank rate, no-fee transfer allowance, daily interest with Savings, spend controls, bulk payments.
  • Scale Plan: From £79/month, includes £50,000 monthly exchange at interbank rate, higher no-fee transfer allowances, higher interest on Savings.
  • Enterprise Plan: Custom pricing, includes custom allowances, highest savings rate, specialized account management.
• Testimonials: Users generally appreciate Revolut's user-friendly interface and quick transaction times. One positive comment states, "Revolut app has a very user-friendly interface. Its functionality allows to make transactions in a matter of seconds which is extremely important these days." However, some users have faced issues, such as one stating, "Bad service, bad communication. I ordered a card terminal reader to take payment. This has been delivered to an unknown place by Royal Mail in a few days. According to Revolut, this is my problem and they can't help." For more reviews, visit the Revolut Reviews page.

8. Wallester

Wallester Business offers a comprehensive platform for managing corporate expenses through virtual and physical cards. The platform provides real-time card issuance, expense control, and integration with financial management tools. It is designed to facilitate financial management, streamline corporate payments, and boost company performance. The service is free of setup and monthly fees, making it accessible to businesses of all sizes, particularly those involved in online media buying.

• Unique Features: Instant card issuance, real-time transaction monitoring and limit regulation, no setup or monthly fees, customizable API for workflow integration, comprehensive financial management including invoicing and budget management, award-winning platform, multi-currency support, real-time notifications, integrated accounting services.
• Pricing:
  • Free Package: €0 per month, includes 300 virtual cards, unlimited physical cards, unlimited users, real-time support, open developer API, onboarding assistance.
  • 3000 Virtual Cards Package: €199 per month, additional virtual cards at €0.20/month per card, unlimited physical cards issuance.
  • 15000 Virtual Cards Package: €999 per month, additional virtual cards at €0.10/month per card, unlimited physical cards issuance.
  • Custom Solutions: Available upon contacting Wallester for businesses needing more than the provided packages.
• Testimonials: Users generally appreciate Wallester's efficient service and comprehensive features. One positive comment states, "Absolute number one for business card and global payroll system on line and on app. Super fast assistance in some channel whatsapp and telegram over email support." However, some users have faced issues, such as one stating, "Bunch of scammers with terrible support. They will suspend your account and hold your money." For more reviews, visit the Wallester Reviews page.

9. Tide Bank

Tide offers a smart business bank account with no monthly fees, providing features like simple payment solutions, built-in accounting, and a savings account with 4.07% AER variable interest. The account can be opened in minutes through an easy online process.

• Unique Features: No monthly fees, personalized invoicing, business savings with 4.07% AER variable interest, simple accounting integration, 24/7 account monitoring, payment links for online transactions, auto-categorisation of income and spending, direct debit management, Apple/Google Pay setup, international payments with IBAN access, CSV exports.
• Pricing: Tide offers a free business bank account with no monthly fees. Users only pay for what they use, with low transaction and ATM fees. Additional services like personalized invoicing and business savings are included at no extra cost.
• Testimonials: Users generally appreciate the quick and easy account setup process. One positive comment states, "A super fast track way of starting a business account in one day," while a negative review mentions, "Terrible experience. Paused our account without warning, and now they are withholding our money." For more reviews, visit the Tide Reviews page.

10. Kontist

Kontist offers a business banking solution specifically designed for self-employed individuals in Germany. The service includes a mobile and web banking app, automated bookkeeping, and business tax return functionalities. Kontist aims to simplify financial management for freelancers by integrating banking, bookkeeping, and tax services into a single app.

• Unique Features: All-in-One App combining banking, bookkeeping, and tax return services, automatic tax calculation, AI-supported bookkeeping, real-time bank transfers, mobile & web access, Visa Business Debit Card, Apple Pay & Google Pay, invoicing tool, premium account benefits including profit & loss statements, VAT returns, and trade tax returns.
• Pricing:
  • Free Plan: €0/month plus VAT, includes free virtual Visa Debit card, mobile & web banking app, 10 free transactions per month, create 2 invoices per month (conditions apply).
  • Premium Plan: €9/month plus VAT, includes all Free plan features plus free virtual and physical Visa Debit card, automatic calculation of income tax & VAT, MT940 Datev export, unlimited invoices per month, integration with external bookkeeping tools.
  • Bookkeeping Plan: €29/month plus VAT, includes all Premium plan features plus unlimited free transactions, advance VAT return, business evaluation, manually add external transactions, unlimited categorization of transactions with AI, business assets handling.
• Testimonials: Users generally appreciate Kontist's ease of use and comprehensive features. One positive comment states, "After over 2 years of service, Kontist has constantly provided the best support... Their tax/administrative services are also indispensable." However, some users have faced issues, such as one stating, "The tax service is extremely overpriced and totally not recommended! I made the mistake of using it for over 1 year as a new business owner and non-German speaker, and their service was minimal... I won't make the mistake of paying for anything from them." For more reviews, visit the Kontist Reviews page.

Which one should you go with?

In conclusion, while each of these business banking solutions offers unique features and benefits tailored to different needs, OneSafe stands out for its seamless integration of fiat and cryptocurrency transactions, exceptional customer support, and comprehensive financial tools. Whether you're a small business, a freelancer, or a Web3 company, OneSafe provides a robust and user-friendly platform to manage your finances efficiently. However, all the options discussed are viable choices, and the best fit will depend on your specific requirements. If you're seeking an alternative with a modern twist, we highly recommend giving OneSafe a try.