Top 10 Alternatives to Dakota

In this article, we will explore various alternatives to Dakota, a financial technology company that offers business banking services powered by cryptocurrency. Dakota is known for its global reach, security backed by U.S. Treasuries, and efficient banking solutions. Let's delve into what Dakota does and examine other options available in the market.

Reviews

Users have shared a mix of positive and negative feedback about Dakota. On the positive side, many appreciate the global access to U.S. dollars, the absence of transaction fees, and the high level of security backed by U.S. Treasuries. The yield generation options and automation features for accounting are also frequently praised. However, some users have expressed frustration with the platform's complexity and occasional technical issues. Others have noted that while the 24/7 support is available, response times can sometimes be slower than expected.

• "The ability to manage both USD and crypto assets seamlessly is a game-changer." - John D.
• "Navigating the platform can be a bit overwhelming at first." - Sarah K.

For more detailed reviews, visit Dakota Reviews.

Best alternatives to Dakota

1. OneSafe

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

• Features: Simple onboarding, global payments, corporate cards, multi-currency support, global accounts, seamless payments, state-of-the-art security, efficient currency conversion.
• Pricing: Account opening is free, no minimum balance, no monthly fees, corporate cards and invoices included, 0.1% fee for US domestic payments, 0.2% fee for SEPA payments, 0.2% fee + $25 for international wires, $20 for Fedwire, 1% FX fee on corporate cards, 0.1% fee for USDT transactions, fiat to crypto conversion included.
• Testimonials: Users praise OneSafe for its exceptional customer support and seamless financial operations. It has become an essential tool for many businesses, simplifying payroll and expense management. For more details, visit the OneSafe website.

2. Tide Bank

Tide offers a smart business bank account with no monthly fees, providing features like simple payment solutions, built-in accounting, and a dedicated savings account with 4.07% AER variable interest. The account can be opened in minutes, and it includes personalized invoicing, business savings, simple accounting integration, and 24/7 support.

• Features: Personalized invoicing, business savings with 4.07% AER variable interest, simple accounting integration, 24/7 account monitoring, payment links, auto-categorization, direct debit management, Apple/Google Pay, international payments, CSV exports.
• Pricing: Tide offers a business bank account with no monthly fees. Users only pay for what they use, with low transaction and ATM fees. Additional services like international payments and direct debit management may incur separate charges.
• Testimonials: Users generally appreciate the ease of setting up accounts and the helpfulness of customer service representatives. One user noted, "A super fast track way of starting a business account in one day." However, some users have faced issues, such as Alex, who said, "Terrible experience. Paused our account without warning." For more detailed reviews, visit Trustpilot.

3. Wise

Wise offers an international account that allows users to send, receive, and manage money in multiple currencies. It provides significant cost savings on international transfers, transparent fees, and a multi-currency debit card.

• Features: Manage money in over 40 currencies with one account, save up to 5x on international transfers compared to traditional banks, no hidden fees with clear breakdowns of costs, spend and withdraw money worldwide without foreign transaction fees, regulated by the Financial Conduct Authority (FCA), high ratings on Trustpilot, specialized accounts for businesses to manage international transactions, dedicated fraud and security teams, 2-factor authentication, earn returns on balances with Wise Interest.
• Pricing: Register for a Wise account for free, sending money fees vary by currency starting from 0.29%, holding 40+ currencies is free, receiving local payments is free, receiving USD wire and Swift payments costs $6.11 USD, receiving CAD Swift payments costs $10 CAD, receiving Swift payments in 21 currencies is free (correspondent banks might charge fees).
• Testimonials: Users generally appreciate the ease of use and quick transfers. One user noted, "It has the lowest fees. Trust me, I've tried a lot and this one is the most reasonable one when it comes to fees." However, some users have faced issues, such as another user who said, "Customer Support is the worst among all the products that I used, they're just incompetent." For more detailed reviews, visit the G2 Wise Business Reviews.

4. 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, and various tools to automate and scale business operations.

• Features: Global payments to over 150 destinations, manage money in multiple currencies, exchange 25+ currencies at the interbank rate, issue physical and virtual cards, set spend controls and approvals, reconcile expenses rapidly, grow money with daily returns, access to 45+ million Revolut customers, sync with accounting software, tools to plan and track spend, manage all companies from one app.
• Pricing: Revolut Business offers four main plans: Basic (£0/month) with essential features, Grow (£19/month) with additional tools for managing spend, Scale (£79/month) with higher allowances for global expansion, and Enterprise (custom pricing) with tailored solutions and highest interest rates on savings.
• Testimonials: Users generally appreciate the convenience and efficiency of Revolut Business. One user noted, "Revolut has made my life so much easier as I had a very bad experience with my previous bank in getting my account sorted, but my Revolut account was set up within minutes." However, some users have faced issues, such as another user who said, "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 detailed reviews, visit Trustpilot.

5. Blank

Blank is an online banking service designed for independent professionals and small businesses in France. It offers a range of financial management tools, including a professional account, payment card, automated tax declarations, simplified accounting, and invoicing.

• Features: Quick account setup in 5 minutes, payment card for business expenses, automated Urssaf declarations, simplified accounting, easy creation of quotes and invoices, tailored professional insurance, 3D Secure for transactions, ACPR authorization, deposit guarantees up to €100,000, customer support available 7 days a week.
• Pricing: Blank offers a transparent pricing model with no hidden fees. The basic account is free, while premium features and services are available at competitive rates. For detailed pricing, visit the Blank pricing page.
• Testimonials: Users generally appreciate the simplicity and efficiency of Blank. One user noted, "Simple, facile d'utilisation et claire," while another user expressed frustration, stating, "Ces une banque de voleur attention il bloque les virements entant pendant plus de un mois ou les refuse attention." For more detailed reviews, visit Trustpilot.

6. Propulse by CA

Propulse by CA is a 100% online professional account service offered by Crédit Agricole. It provides a comprehensive solution for entrepreneurs, including a professional payment account, business creation support, and various tools and resources to manage business finances efficiently.

• Features: Fully online professional payment account managed by Okali, quick setup in less than 5 minutes, payment limits up to 40,000 € per month, integrated tools for creating invoices and automatic Urssaf declarations, Visa Business card included, over 1500 articles and guides to support entrepreneurs, no commitment with a monthly subscription.
• Pricing: Monthly subscription starts at 8 € HT/month with no commitment, and the first month is free.
• Testimonials: Users generally appreciate the ease of use and comprehensive features. One user noted, "Change la vie" (Life-changing). However, some users have faced issues, such as another user who said, "Franchement super application mais dommage que les virements instantanée sont pas disponibles et l'envoie des factures ou devis depuis l'application." (Frankly great application but it's a shame that instant transfers are not available and sending invoices or quotes from the application). For more detailed reviews, visit Trustpilot.

7. Bunq

Bunq offers a streamlined business banking experience with a quick setup process and a variety of features designed to simplify financial management for businesses. Users can open a business bank account in just 5 minutes using their phone and ID, and enjoy a 30-day free trial of any plan.

• Unique Features: Quick account setup, multiple bank accounts, mobile payment solutions, automation tools, high-interest rates, team collaboration, local and multi-currency IBANs, sustainable banking, web access, powerful cards.
• Pricing: Easy Bank Pro XL: €23.99/month, Easy Bank Pro: €13.99/month, Easy Bank: €7.99/month, Easy Savings: Free, Easy Card: Free.
• Testimonials: Users generally appreciate the innovative features and ease of use. One user noted, "Bunq knows how to make customers satisfied cuz they never stop adding new features and bonuses." However, another user expressed frustration, stating, "The fact that Bunq’s customer service took a full six months to respond only further highlights how poorly organized Bunq must be." For more detailed reviews, visit Trustpilot.

8. Airwallex

Airwallex is a trusted global payments and financial platform used by over 100,000 companies worldwide. It offers software and APIs to simplify global payments and financial operations, enabling businesses to unlock new opportunities and grow without limits.

• Features: Simple setup, lightning-fast transfers, cost-effective, human support, cloud-native, high security, global compliance, local payments network.
• Pricing: Explore Plan: $0 or $29/month, Grow Plan: $99/month, Accelerate Plan: $499/month, Custom Plan: custom pricing. Additional fees include 0.5% above interbank rates for major currencies, $10-30 per SWIFT transfer, $15 per additional employee card user/month, and various payment processing fees.
• Testimonials: Users generally appreciate the intuitive platform and excellent customer support. One user noted, "Since switching to Airwallex, everything has become so much smoother. The platform is intuitive, and setting up accounts in multiple currencies was surprisingly easy." However, another user expressed frustration, stating, "They suddenly started to refuse money transfer for no reason. They won’t tell me why or how to solve the situation." For more detailed reviews, visit Trustpilot.

9. Reap

Reap offers financial solutions to help businesses achieve global financial goals by providing essential financial infrastructure. Their products and services enable businesses to thrive in a connected and borderless world.

• Features: Reap Card with flexible bill repayment options in fiat or digital currencies, Reap Pay for payments in preferred currencies, Card Issuing API for launching card programs, Payment API for advanced cross-border payouts, PCI compliance, licensed and regulated in Hong Kong, sophisticated fraud prevention tools, secure sandbox testing, robust API documentation, rapid deployment, dedicated support.
• Pricing: Physical & virtual card: FREE, Annual fee: FREE, Monthly bill repayment with fiat currency: FREE (late fee may apply), Monthly bill repayment with stablecoins: 1.2% handling fee (late fee may apply), ATM withdrawal: 2%, FX fee: 2%, Available card currencies: USD, HKD, Collateral: 1:1 ratio, Mobile payment (Apple Pay / Google Pay): FREE, Mobile app: FREE, Issue your branded card via API: Contact Sales, Bank transfers with Reap Card: 1.8%, Bank transfers with stablecoins: 0.8%, Cross-border payment fee: 25 USD, Local payment fee: 0-5 USD, FX fee: Variable rate, T+1 day payouts: No extra fee, Payments via API: Contact Sales, Card-level spend controls: FREE, Team-level spend controls: FREE, Team members: Unlimited, Multi-entity management: FREE, Real-time spend analytics: FREE, Xero integration: FREE, Receipt collection: FREE, Receipt auto-matching: FREE.
• Testimonials: Users generally appreciate the user-friendly onboarding experience and helpful team. One user noted, "Reap had a very user-friendly onboarding experience. The team is friendly and helpful. The product (REAP card) is very easy to use and helps with our operations a lot." However, another user mentioned, "The only downside would be limitations in terms of setting categories. However, I discussed this with their product team and they are going to look into it. Very helpful!" For more detailed reviews, visit the G2 Reap Card Reviews.

10. Everestcard

Everestcard is a business credit card solution that offers instant business account setup, multiple Mastercard cards, and automated expense management. It provides exclusive access to Mastercard® Airport Security Fast Track, 100% online management, and modern expense management tools. The service is available for a simple price plan of 20€ per month, with additional cards available for 5€ each.

• Features: Instant issuance of multiple Mastercard credit cards, exclusive access to Mastercard® Airport Security Fast Track, 100% online management via a dashboard and web app, modern expense management with digitalized receipts and automated reports, real-time control of cards and expenses, special offers for startups and founders, individual credit line for business expenses, mobile app for real-time balance tracking and instant access.
• Pricing: The standard package costs 20 EUR per month, includes up to 5 virtual or plastic cards, expense management tools, unlimited transaction history, alerts and notifications, and access to Everest community deals. The subscription is billed monthly and can be canceled anytime. A free 90-day trial is available for new users.
• Testimonials: Users have mixed feelings about the Everestcard. One user noted, "After like 6 months of having an account with them, we received a letter stating that they will be closing my business account, with no justifications or anything." Another user expressed frustration, stating, "Do not trust this company. They are a bunch of frauds who steal peoples details and act like their processing your application!" For more detailed reviews, visit Trustpilot.

Which one should you go with?

In conclusion, while each of these financial technology solutions offers unique features and benefits, OneSafe stands out for its seamless integration of traditional and Web3 financial services, exceptional customer support, and comprehensive account services for both fiat and cryptocurrencies. Whether you're a global business looking for efficient currency conversion or a company seeking robust security measures, OneSafe provides a reliable and user-friendly platform. Although any of these options could be a good fit depending on your specific needs, we recommend OneSafe if you're looking for a versatile and dependable alternative.