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 accessibility, security, and advanced financial management tools, making it a popular choice for businesses looking to leverage crypto for their banking needs.
Reviews
Users have shared a mix of positive and negative feedback about Dakota. On the positive side, many appreciate the platform's global accessibility, high yield on assets, and robust security measures. The automated accounting and compliance features are also frequently highlighted as beneficial. However, some users have expressed frustration with the complexity of the platform and occasional delays in customer support responses. While the security features are generally praised, a few users have found the authentication process cumbersome.
- "The high yield on assets is fantastic, but the platform can be a bit overwhelming to navigate." - John D.
- "I love the global access and security, but the customer support could be more responsive." - Sarah K.
For more detailed reviews, visit this page.
Best alternatives to Dakota
1. OneSafe
OneSafe is a financial technology company offering a blend of traditional and Web3 financial services. It provides comprehensive account services tailored for companies operating in both fiat and cryptocurrencies. The platform supports seamless integration of fiat and cryptocurrency transactions, making it ideal for modern financial operations.
- Features: Simple onboarding, global payments, corporate cards, multi-currency support, global accounts, seamless payments, state-of-the-art security.
- Pricing: Account opening is free, no minimum balance, no monthly fees, corporate cards and invoices included. Money movement fees include 0.1% for US domestic payments, 0.2% for SEPA payments, 0.2% + $25 for international wires, $20 for Fedwire, 1% FX fee on corporate cards, and 0.1% for USDT transactions. Fiat to crypto conversion is included.
- Testimonials: Users praise OneSafe for its exceptional customer support and game-changing solutions. The platform is lauded for simplifying payroll and expense management, making it an essential tool for Web3 organizations. For more details, visit the OneSafe website.
2. Tide Bank
Tide offers a free business current account that can be opened in minutes. The account includes features like simple payment solutions, built-in accounting, and a dedicated savings account with 4.07% AER variable interest. The service is designed to help business owners run their businesses more efficiently with no monthly fees.
- Unique Features: No monthly fees, personalized invoicing, business savings with 4.07% AER variable interest, simple accounting integration, 24/7 account monitoring, 24/7 support, payment links, auto-categorization, direct debit management, Apple/Google Pay setup, international payments, CSV exports.
- Pricing: Tide offers a free business current account with no monthly fees. Transaction fees are low, and ATM fees are minimal. Additional services like international payments and direct debit management may incur extra charges.
- Testimonials: Users have mixed feelings about Tide Bank. Emmanuel Mbagwu praised the ease and speed of opening an account, stating, "Tide made business account easy and fast to open." On the other hand, Alex had a negative experience, mentioning, "Terrible experience. Paused our account without warning, after nearly two weeks of having no access to our money they emailed saying they are closing the account." For more detailed reviews, visit the Trustpilot page.
3. Wise
Wise offers an international multi-currency account that allows users to send, receive, and manage money in multiple currencies with low fees and transparent exchange rates. The service is designed for both personal and business use, providing features like international money transfers, a Wise debit card, and the ability to earn returns on balances.
- Unique Features: Multi-currency account, low fees on international transfers, Wise debit card for spending and withdrawing cash in multiple currencies, regulatory compliance with the Financial Conduct Authority (FCA), high customer trust, robust security measures including 2-factor authentication, global reach with services in nearly every country, and earning returns on balances with Wise Interest.
- Pricing: Registering with Wise is free. Sending money incurs a fee starting from 0.29%, holding money in over 40 currencies is free, receiving local payments in specific currencies is free, receiving USD wire and Swift payments costs $6.11 USD per payment, and receiving CAD Swift payments costs 10 CAD per payment. Receiving Swift payments in 21 currencies is free, though correspondent banks might charge fees.
- Testimonials: Users generally appreciate Wise for its ease of use and multi-currency capabilities. Cherilyn A. praised the service, saying, "You can set up and receive multiple currencies. I could use it as my card/debit card abroad. Easy for me to convert the USD funds I have to the currencies of the country I'm vacationing." However, some users have had negative experiences, particularly with customer support. A verified user in Information Technology and Services mentioned, "Customer Support is the worst among all the products that I used, they're just incompetent." For more detailed reviews, visit the G2 page.
4. Revolut
Revolut Business offers a comprehensive business account designed to help companies manage their finances more effectively. It includes features like global payments, multi-currency accounts, smarter spending, and various tools to automate and scale business operations.
- Unique 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, sync accounting software, grow money with daily returns, access to 45+ million Revolut customers, analytics tools, currency risk management, manage all business entities from one app.
- Pricing: Revolut Business offers several pricing plans:
- Basic Plan: From £0/month, includes local & global account details, 25+ currencies, unlimited team members, physical & virtual cards, online & in-person payments.
- Grow Plan: From £19/month, includes everything in Basic plus £10,000 monthly exchange at interbank rate, no-fee transfer allowance, daily interest with Savings, spend controls, approvals, bulk payments.
- Scale Plan: From £79/month, includes everything in Grow plus £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 for its convenience and efficiency. Kavita Gunaratne mentioned, "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. Very convenient and efficient. Love it." However, some users have had negative experiences, particularly with customer support. Nicolas Huynh stated, "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 the Trustpilot page.
5. Blank
Blank is an online banking service designed for independent professionals and small businesses. It offers a range of features including quick account opening, a Visa Business card, easy invoicing, income management, tailored insurance, and partner offers. The service emphasizes simplicity, security, and comprehensive support to help users manage their finances efficiently.
- Unique Features: Quick account opening in 5 minutes, Visa Business card with high limits, automated Urssaf declarations, comprehensive customer support available 7 days a week, tailored insurance solutions, high security with 3D Secure and deposits guaranteed up to €100,000, business creation support including capital deposit services.
- Pricing: Blank offers competitive pricing with no hidden fees. The basic account is free, and additional services such as insurance and premium features are available at transparent rates. For detailed pricing, visit the pricing page.
- Testimonials: Users generally appreciate Blank for its simplicity and efficiency. Jean Baron mentioned, "simple, facile d'utilisation et claire." However, some users have had negative experiences, particularly with transaction delays. Jerome Marzeliere stated, "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 the Trustpilot page.
6. Propulse by CA
Propulse by Crédit Agricole is a 100% online professional account service designed to support entrepreneurs in managing their business activities. It offers a range of features including online account management, business planning tools, and resources for business creation and development.
- Unique Features: Fully online professional payment account, quick setup in less than 5 minutes, payment limits up to 40,000 € per month, integrated tools for creating invoices and automatic URSSAF declarations, free online business plan creation with automatic financial calculations, access to over 1500 articles and guides for entrepreneurs.
- Pricing: Pricing starts at 8 € HT/month with no commitment and the first month free. Additional services and features may incur extra charges.
- Testimonials: Users generally appreciate the ease of use and comprehensive features of Propulse by CA. Wassim Y. mentioned, "Change la vie" (Life-changing). However, some users have noted limitations, such as Mathieu P. who stated, "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 the Trustpilot page.
7. Bunq
Bunq offers a business banking solution that allows users to open a business bank account in just 5 minutes using their phone and ID. The service includes a free 30-day trial of any plan. Key features include multiple bank accounts, mobile banking, contactless payment options, automation tools, high-interest rates, team collaboration functionalities, and environmental initiatives.
- Unique Features: Create up to 25 bank accounts, accept contactless payments using Tap to Pay on iPhone and Android, bookkeeping integrations, AutoVAT, invoice processing, earn 1.05% interest on EUR and 2.3% on USD and GBP, share account access with co-directors and employees, open accounts with IBANs from multiple countries and in 22 currencies, virtual and physical Mastercards with real-time notifications and Apple/Google Pay integration, plant trees with every card use, manage business accounts from any device using bunq Web.
- Pricing: Bunq offers several business plans:
- 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 Bunq for its convenience and innovative features. One user mentioned, "Bunq knows how to make customers satisfied cuz they never stop adding new features and bonuses." However, some users have had negative experiences, particularly with customer support. Another user stated, "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 the Trustpilot page.
8. Airwallex
Airwallex is a global payments and financial platform trusted 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.
- Unique Features: Simple setup with no bank queues, fast transfers with over 85% arriving the same day, cost-effective by eliminating needless FX fees, award-winning human support, cloud-native design, high security meeting international standards, global compliance, and a proprietary local payments network for faster and cost-effective transfers.
- Pricing: Airwallex offers several pricing plans:
- Explore Plan: $0 or $29/month, with conditions for $0/month including a $5k deposit or $10k minimum balance. Features include multiple accounts, local bank details in 20+ currencies, free transfers to 120+ countries, interbank FX rates, and more.
- Grow Plan: $99/month, includes everything in the Explore plan plus international batch transfers, more free company cards, expense management, and automated receipt and bill data extraction.
- Accelerate Plan: $499/month, includes everything in the Grow plan plus centralized management of finances across global entities, single sign-on, advanced NetSuite integration, and dedicated account manager.
- Custom Plan: Custom pricing for high-volume businesses, offering tailored API implementations and embedded finance solutions.
- Testimonials: Users generally appreciate Airwallex for its intuitive platform and cost savings on international transactions. Shawn T. mentioned, "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, some users have had negative experiences, such as Pierrick C., who stated, "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 the Trustpilot page.
9. Reap
Reap provides financial solutions to help businesses achieve global financial goals by accessing essential financial infrastructure. Their products and services enable businesses to thrive in a connected and borderless world.
- Unique Features: Reap Card with flexible bill repayment options in fiat or digital currencies, Reap Pay for payments to anyone, anywhere using preferred currencies, Card Issuing API to launch your own card program, Payment API for advanced cross-border payouts (coming soon), PCI compliance, licensed and regulated operations, 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 (credit limit is 100% of collateral), 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 (varies per local rail), FX fee: Variable rate (calculated at the time of payment processing), 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 Reap for its user-friendly onboarding experience and helpful team. Dexter L., a small-business owner, mentioned, "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, he also noted a downside, stating, "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 page.
10. Everestcard
The Everestcard is a business credit card solution designed for startups and established businesses, offering instant business account setup, multiple Mastercard credit cards, and automated expense management. It provides 100% online management and exclusive access to Mastercard® Airport Security Fast Track.
- Unique Features: Instant issuance of multiple Mastercard credit cards, exclusive access to Mastercard® Airport Security Fast Track, 100% online management of accounts and expenses, modern expense management with digitalized receipts and automated reports, real-time control of cards and expenses via an online dashboard, special offers for startups and founders, individual credit line for business expenses, mobile app for real-time balance tracking and instant access to account details.
- Pricing: The standard package for Everestcard is priced at 20 EUR per month. This package 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 at any time. Additionally, there is a free 90-day trial available for new users.
- Testimonials: Users have mixed feelings about the Everestcard. One user mentioned, "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 stated, "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 the Trustpilot page.
Which one should you go with?
In conclusion, while each of these financial technology platforms offers unique features and benefits tailored to different business needs, OneSafe stands out for its seamless integration of fiat and cryptocurrency transactions, exceptional customer support, and comprehensive account services. Whether you're a startup or an established business, OneSafe provides a robust and user-friendly solution that can simplify your financial operations. While any of these options could be a good fit depending on your specific requirements, we recommend considering OneSafe if you're looking for a reliable and innovative alternative to Dakota.
