Free banking, budgeting & bookkeeping for small businesses
PROFIT is an online bank for small businesses that comes with built-in accounting software that automatically creates and manages your P&L, balance sheet and cash flow statements, saving you time and money.
Applying takes less than 10 min, no credit check, no minimum balance, & no hidden fees.
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FREE Banking, Budgeting & Bookkeeping
Free Checking Account
No hidden fees or minimum balance required. Sign up in just 10 minutes.
Free Employee Debit Cards
Eliminate expense reports by issuing your employees virtual or physical debit cards.
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.
Free Receipts
Collection
We send your employees a text to reply with a picture of their receipt, we then match it to their 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 your spending.
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Free Bill Pay
Pay vendors for FREE via ACH or we can mail them a check on your behalf
How does it work?
Sign up for a free checking account online in only 10 minutes.
PROFIT automatically builds and updates your P&L, balance sheet and cash flow statements.
If you like, you can immediately issue your team physical or virtual debit cards you control.
Start spending money as usual, PROFIT automatically begins to auto-reconcile your transactions to your financial statements using its built-in accounting software. (No need to use or integrate with external accounting software)
Your PROFIT cardholders are sent a text the moment they use their card to reply back with a photo of their receipt. We automatically collect & match receipts to the correct transactions.
Conveniently track your financials and all your team's spend on PROFIT.
Your Money & Data is Safe
Your Money & Data Is Safe
Deposits are insured up to $250,000 through our partner bank Evolve Bank & Trust Member FDIC.
U.S. Real Person Support
Call (800) 899-4054 and talk to a real customer support agent Mon-Fri 9am-5pm EST.
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 all kinds of banking and accounting software fees just to manage their Company’s finances.
Luckily these two Software Engineers decided to build the world’s first online bank with built-in accounting software that automatically creates and manages a company’s P&L, balance sheet, and cash flow statements, saving business owners time and money.
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 more profitable”.
OPEN AN ACCOUNT IN 10 MINUTES
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.
Benefits
Save on fees with our free business checking account
FDIC Insured
No monthly fee
No minimum balance required
No hidden fees
Free ACH transfers
Accept ACH and check deposits with no fees
Free automated bookkeeping
We reconcile your transactions and provide you with your P&L, balance sheet, and cash flow statements.
Applying takes less than 10 min, no credit check, no minimum balance, & no hidden fees.
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Issue your employees physical or virtual debit cards
No more sharing cards. Save time by eliminating employee reimbursements and expense reports.
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.
Employee
Owner
Employee
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.
All your expenses tracked & managed in one place
Convenient and easy to track
Adjust spend before it's too late
Track spend by: Employee, Category & Merchant
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BILL PAY
Pay vendors via ACH, wire, or we can even mail them a check for free.
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
Other Banks
Applying takes less than 10 min, no credit check, no minimum balance, & no hidden fees.