Free All-in-One
Financial Platform for Small Businesses

PROFIT provides all the financial tools you need in one place, saving your business $1,000+ per month.

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Applying takes less than 10 min, no credit check, no minimum balance, & no hidden fees.

 

Trusted by

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All-in-One is simple and convenient

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Free Checking Accounts

No hidden fees or minimum balance required.  Sign up in just 10 minutes and get MULTIPLE checking accounts.

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Free Employee Debit Cards

Eliminate expense reports by issuing your employees virtual or physical debit cards.

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Free Bookkeeping & Auto-reconciliation

We create and manage your P&L, balance sheet, and cash flow statements so you can focus on growing your business.

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Free Receipts Collection

When PROFIT cardholders spend they immediately get a text to reply with a picture of their receipt, we then match it to the correct transaction.

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Free Budgeting Software

Create and assign budgets to managers and easily add employee debit cards to your budgets in order to control spending.

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Free Bill Pay

Pay vendors via ACH, wire, or we can mail them a check on your behalf

How does it work?

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1. Sign up

Open a free checking account online in only 10 minutes.

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2. Issue your team employee cards

Issue your employees physical or virtual cards and transfer money to their card in seconds from your business checking account or budgets.  

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3. Spend as usual & we automatically start doing your bookkeeping

Our built-in accounting software automatically reconciles your transactions to your P&L, Balance Sheet and Cash Flow statements that WE BUILD AND MANAGE for you. (No need to use external accounting software)

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4. We collect and match your receipts to the correct transactions

PROFIT cardholders are sent a text the moment they use their card to reply back with a photo of their receipt.

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5. Track spend by employee, budget, and vendor

Conveniently track and control all your company's spend in one place.

Your Money & Data is Safe

FDIC insured

Your Money & Data Is Safe

Deposits are insured up to $250,000 through our partner bank Evolve Bank & Trust Member FDIC.

real person support

U.S. Real Person Support

Call (800) 899-4054 and talk to a real customer support agent Mon-Fri 9am-5pm EST.

security and privacy

Security & Privacy

We use bank-grade security encryption. Customer privacy is also a top priority & your data is highly secured.  

Our story

PROFIT was started by two small business owners who found banking costly and accounting software complicated to manage. They were fed up with paying for banking, accounting software, and bookkeeping services just to manage their Company’s finances.  

Luckily these two Software Engineers combined banking, accounting software, and bookkeeping in ONE platform and provide it for free to small business owners, saving them $1,000+ per month.

Both founders are minority business owners who know what it’s like to be underserved hence why they offer PROFIT for free to all business owners.  PROFIT’S mission is simple, “to make small businesses profitable”.

BANKING

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Save on fees with our free business checking accounts

PROFIT bank accounts automatically sync your expenses and income with our accounting software.

FDIC Insured

No monthly fee or hidden fees

No minimum balance required

Open multiple checking accounts

ATM fees are reimbursed

Free ACH transfers

BOOKKEEPING

Free automated bookkeeping

We automatically begins to auto-reconcile your transactions to the P&L, Balance Sheet and Cash Flow statements that we build and manage for you using our built-in accounting software.  (No need to use external accounting software)

Applying takes less than 10 min, no credit check, no minimum balance, & no hidden fees.

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ACCOUNTING

PROFIT comes with free built-in accounting software

PROFIT's free built-in accounting software automatically syncs with your PROFIT bank accounts and employee cards.  No pesky integrations required.

EMPLOYEE CARDS

Issue employee debit cards in seconds

Control how much your employees spend and track their spending in real-time.  Eliminate employee reimbursements and expense reports. 

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BUDGETING

PROFIT's built-in budgeting software prevents overspending 

Create and assign budgets to managers and easily add employee debit cards to your budgets in order to control spending.  No need to integrate with external budgeting software.

RECEIPT COLLECTION

We collect & match your receipts

Cardholders are sent a text the moment they swipe their card to reply back with a photo of their receipt. We automatically collect & match receipts to transactions, saving you valuable time. 

Applying takes less than 10 min, no credit check, no minimum balance, & no hidden fees.

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BILL PAY

Pay vendors and receive payments via ACH, or wire.  We can even mail your vendors a check for FREE.

Free ACH transfers

Free mailed checks

No incoming wire fees

Set up recurring payments

$25 per wire you send

TEXT-TO-FUND CARDS

Fund your employee debit cards on-the-go via text

Employees can text PROFIT their spend request and we forward it to you for approval.  Reply "Yes" and their card gets funded immediately.

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OPEN AN ACCOUNT IN 10 MINUTES

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Tell us about yourself

Tell us about your business

Get your PROFIT bank account

Applying will NOT affect your credit score in any way.  We will NOT check your credit history.

Applying takes less than 10 min, no credit check, no minimum balance, & no hidden fees.

Superior banking for superior results

FDIC insured
 
Bill Pay
 
Open an account in under 10 min.

No hidden fees

No minimum balance required

Bookkeeping & Auto-Reconciliation


P&L, Balance sheet and Cash flow statements 
 
Auto-Receipt collection & matching

Text-to-Fund Employee debit cards

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Other Banks

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Applying takes less than 10 min, no credit check, no minimum balance, & no hidden fees.

Frequently Ask Questions

What is PROFIT?

PROFIT is an All-in-One financial technology platform for small businesses.  Bank accounts are FDIC insured up to $250K and are provided by PROFIT's partner bank Evolve Bank & Trust, member FDIC. 

How does PROFIT make money if they are providing me with FREE banking and automated-bookkeeping?

PROFIT makes money through our premium financial products like online payment processing, premium services, and interest on deposits.

What type of companies can open a PROFIT account?

PROFIT accepts Corporations, LLCs, Non-Profits, and  Sole Proprietors that were incorporated in the U.S. only.  See more details here.

Is my credit affected when I apply for a PROFIT business bank account?

No, we do not run your credit history, so it will NOT impact your credit score.

What do I need to open an account with PROFIT?

1. A picture of your valid driver's license front & back.
2. A picture or copy of your EIN Tax ID verification letter (may not apply to Sole Proprietors).
3. A picture or copy of your company's articles of incorporation (does not apply to Sole Proprietors).  See more details
here.