Are you confused about choosing Neobanking or traditional banking? With the Neobank alternative, you can make your financial processes easier than other methods.
Alright, let’s cut to the chase—when you’re running a remote business, you need financing that moves as fast as you do. Forget about long lines at the financial institutions or wait on hold for customer service. It is essential to have a financial service that adapts to your working style, whether you are working from your kitchen table or a café by the sea. Think about it—should you stick with the old-school traditional banking, or is it time to level up with NeoBanking?
What is Traditional Banking?
Traditional banking refers to banks with a physical presence and domestic banking license. These are the commonly known banks. Physical banks are outdated because of:
- Lower accessibility
- Inability to do business with some countries
- Outdated online banking
- Longer time needed to open accounts
- Transactions and managing funds only happen during business hours
- Probably higher monthly and maintenance fees
- Users have to deal with a lot of bureaucracy.
What is NeoBanking?
Zil.US is a neobank alternative that provides online financial services for businesses and individuals. Neobanks are digital-only financial institutions without a physical branch. They operate primarily through mobile apps and websites. The platform offers financial services the same as traditional banks do, including checking accounts and payment and money transfer services.
Why Remote Businesses Should Choose Neobanks
Remote businesses should go with the neobank alternative, Zil.US, because they’re all about flexibility and convenience—no more waiting in line or dealing with bank red tape. Also, they’re very easy to manage on the go, just like your business. The platform offers:
Online Checking Accounts
Zil.US offers online fee-free checking accounts designed for managing finances and frequent transactions. The platform allows you to deposit and withdraw money easily without time restrictions. Users can make transactions to pay bills, rent, suppliers, vendors, and employees, make purchases, and manage daily expenses.
Users can open business or personal checking accounts with no hidden fees, initial fees, or maintenance fees. Your remote business does not have to deposit a minimum balance to maintain the checking account.
Multiple Checking Accounts
With Zil.US, you can open multiple business checking accounts and keep them all in check from one easy-to-use dashboard. It is a game-changer for your remote business—it helps you stay organized and on top of things by keeping accounts separate for different needs. For example, users can have checking accounts, one for expenses and another for deposits. Having everything in its place makes managing your business finances way smoother and helps you stay profitable in the long run.
U.S Online Checking Accounts
The platform lets you open U.S. checking accounts without physical presence or the need to travel. You can set up your account remotely and manage your business faster than ever. With your own U.S. account number, you can receive dollar payments without getting hit by crazy exchange rates or fees. A U.S. checking account can open up a whole new world of resources and make business more efficient.
Digital Wallet
Digital wallets offered by Zil.US let you securely stash and manage your cash like a pro. Users can easily add or withdraw funds via ACH or wire transfer and keep finances in the fast lane. You can load up the wallet from your international checking account and move money to your domestic account without breaking a sweat. Also, you can handle payroll or vendor payments directly from the wallet, with flexible payment options that give you plenty of room to work.
Flexible Payment Methods
Zil.US lets you pay however you need—no challenges. If your business has to pay a group of vendors simultaneously, you can manage them all out from one place. The platform offers instant domestic and international wire transfers, same-day ACH, and easy transfers between Zil.US accounts—making everything quick and simple.
Mobile Payment Solution
Users can check account balances, transfer money, pay bills, or handle other financial tasks; everything can be done from the platform’s app. It is designed to be user-friendly, so even if you’re not tech-savvy, you’ll have no trouble navigating it. With top-notch encryption and the latest security features, your personal and financial information stays safe and sound.
Corporate Expense Cards
With Zil.US’s corporate expense card, you can easily hand out virtual cards to your team for work-related purchases. For example, users can create employee cards for travel, office supplies, or client meetings. As an entrepreneur, you can set spending limits, track what’s being spent, and manage all the cards from one spot. Users can deactivate, reactivate, and refund the card via ACH and wire transfer. It gives you better control over your cash flow. Skipping the whole refund process makes everything more transparent and a whole lot smoother.
Conclusion
If you’re operating a completely remote business, getting Zil.US can be a smart move. Businesses can handle expenses, pay vendors, or manage multiple accounts; everything’s affordable, accessible, and more secure. Users can make the best out of the platform, keeping the business running at full speed.
