California-based OneWest Bank, CIT’s Southern California branch network, revealed on January 31, 2020 that it has introduced a new mobile app for small businesses. The app offers a new platform to assist small business clients in meeting their financial goals and requirements.
The OneWest Bank business app allows small business owners to make easy bill payments, deposit checks online, transfer money between different OneWest accounts, schedule appointments and find the nearest physical branch location. Customers can also use the mobile banking app to fill out applications for funding, in order to support their equipment financing and working capital requirements.
Heather Ellison, head of Retail Banking for OneWest Bank, explained:
“Small business owners are often on-the-go and are increasingly reliant on digital banking tools to keep up with their busy schedules. Our new app is an accessible and convenient solution for local entrepreneurs looking to manage their money digitally, from anywhere at any time.”
Ellison added that with this seamless digital banking experience, the company aims to reinforce its commitment to assisting small business owners as they “thrive across the communities where they live and work.”
OneWest provides a wide range of products and account features developed specifically to assist local small businesses. These products include OneBusiness Interest Checking and Money Market Savings accounts. OneWest says it’s also helping clients to apply for equipment financing via its parent firm CIT and its national Small Business Solutions division.
OneWest also helps local businesses through its “Launch + Grow,” an ongoing partnership with the nonprofit organization, Operation HOPE, which includes several in-person workshops and courses for women small business owners.