Azlo Bank account fees

The business bank account offered through Azlo is a great pick for both established businesses and new, low revenue start-ups. They have taken some of the best technology and made it available to everyone, without the notorious monthly maintenance fee (MMF). They also do not charge any international transaction fees on their debit card, something that almost all other banks do charge. Basically, they allow you to open up an account, no deposit, no minimum balance, or limit on the number of transactions. Our review gives them a GOOD rating!

ACCOUNT OPENING AND USAGE  

• Minimum opening deposit – $0

• Monthly service charge – $0

• Requirements to avoid MMF – None

• Interest bearing account- Is not interest bearing

• In network and out of network ATM fees – None (but other bank may charge their own)

• Early account closing fee – $0

• Stop payment fee – $0

• Paper statement fee – $0

• Deposited item returned fee – $0

• Incoming Domestic Wire – $0

• Outgoing (non-repetitive) Domestic Wire – N/A

Other fees and charges

• Reconcile Statement -$0

• Research – $0

• Copy or Fax – $0

• Special Statement – $0

• Special Notification (telephone) – $0

• Special Notification (overnight) – $0

• Special Notification (fax) – $0

• Rerun Deposited Item – $0

• Notice of Postdated Item Fee – $0

• Deposit Correction Fee – $0

• Frozen Account Status Fee – $0

• Garnishments/Levies – Attorney Fees

• Inter-Account Transfer Fee – $0

Deposit AVAILABILITY

Azlo process and post transactions – both credits (including deposits) and debits – throughout the day. This approach allows us to more closely match the posting of transactions on your account with the timing of your actual account activity. Note: Deposits received and posted late in the day will not cover payments and withdrawals posted earlier the same day.

• Direct deposit or wire transfer: same business day as the day of deposit

• Mobile Deposit – Within 5 business days or less. Date displayed in mobile application.

• If something causes a longer hold on a deposit, the first $200 of that deposit will generally be made available the same business day as the day of deposit.

• A “business day” is a non-holiday weekday.

• Remote Deposit Online business days end at 8 pm CST.

Funds deposited to your account are usually available for deposits less than $5,000 and absent exceptional circumstances – see the Non-Consumer Deposit Account Agreement for a detailed description of Azlo’s policy).