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03-02-2021, 01:10 PM #1
- Join Date
- Dec 2016
- Posts
- 379
AZLO Bank is Closing on 3/31/2021 (and stay away from NOVO Bank too!)
Just wanted to share some helpful information here. Just went to do a manual login for AZLO Bank and right at the top of the page it says that they're closing altogether on 3/31/2021. I brought this up to the merchant and he said he would have to get me a new account at that point.
https://www.cnbc.com/select/banking-...siness-owners/
My advice would be to stay away from any merchants currently operating in AZLO Bank as it's likely going to be a nightmare getting new accounts for all of these merchants.
ALSO -- when you Google AZLO Bank, one of the top hits is "NOVO Bank is the best alternative for AZLO Bank", being that they're also an online-only bank. Stay away from these guys too, even when you login, neither the statements nor anywhere on the website are you able to find any daily ending balances, so unless you're looking to fund completely blind, it's just not worth it.
Just FYI.
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03-02-2021, 01:17 PM #2
- Join Date
- Aug 2016
- Posts
- 275
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03-02-2021, 01:52 PM #3
- Join Date
- Apr 2020
- Posts
- 54
I always thought AZLO was a subsidiary bank to BBVA Compass:
https://www.bbva.com/en/bbva-partner...entrepreneurs/
Either way, thanks for the heads up
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03-02-2021, 01:56 PM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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03-02-2021, 02:25 PM #5
- Join Date
- Apr 2020
- Posts
- 54
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