Radius Bank, a virtual bank focused on providing clients with banking solutions to better financial health, announced on Tuesday it has formed a partnership with Treasury Prime, a Y Combinator-backed startup, to create the Tailored Checking Account, a checking account designed for business owners.
According to Radius, Tailored Checking Account allows micro and small business owners to quickly and easily open an account in a fraction of the traditional time, from any device. The app offers a competitive interest rate and provides convenient money management features within the Radius Mobile app that can be used to view account activity, deposit checks and pay bills. The service also includes a business debit card for purchases and unlimited ATM fee rebates, and unlimited transaction volumes without any hidden fees, all features that are unlike any micro and small business banking options currently offered on the market. Speaking about the app and partnership, Mike Butler, President and CEO of Radius Bank, stated:
“We are thrilled to partner with an innovative and forward-thinking fintech organization like Treasury Prime to bring this long-needed product offering to small business owners. By offering a user-friendly digital solution, we aim to make it really easy for our clients to handle their banking thus freeing up time for them to focus on what matters most: successfully managing their business.”
Chris Dean, CEO of Treasury Prime, went on to add:
“Today’s businesses expect their bank to provide fast, easy-to-use online services, just like any other Internet company. But banking technology has lagged far behind, making it impossible for banks to keep up. Business owners don’t have time to waste filling out paper forms at a traditional bank. We are so excited to partner with Radius Bank to offer the fastest and easiest way for the more than 25 million U.S. based micro and small businesses to handle their banking needs. This is banking for the Internet era.”