PROFIT bank provides free bank accounts with accounting software that does your bookkeeping for FREE

Focus on growing your small business while we:

• Reconcile & categorize your transactions 

• Collect & match receipts

• Create & manage your Profit & Loss statements

• Help you create & manage budgets

Save time & money with an All-in-One bank account 

(Think banking, accounting, employee cards & bill pay, all in one place)

Free
Checking Accounts 

Free
Bookkeeping & Auto-Reconciliation

Free
Real-time P&L Statements

Free
Accounting & Budgeting Software

Free
Budget-Linked employee debit cards

Free
Auto-Receipt Collection

PROFIT bank was built to increase your profits 

Free Checking
Accounts

Save $100s monthly with our free checking accounts that helps you eliminate NSF fees

Free Accounting & Budgeting Software

Save $1,000s on going over budget  by creating & assigning budgets right on your dashboard

Free
Bill Pay

Pay vendors for FREE via ACH or we can mail them a check on your behalf

Free bookkeeping & Auto-reconciliation

Focus on growing your business while we categorize and reconcile your transactions.

Free Budget-Linked employee debit cards

Eliminate expense reports, keep out of debt & save $1,000s on wasteful spending with our budget-linked cards

Free Real-time P&L Statements

We auto-generate your Profit & Loss statements & update them daily to help you track profitability

Free Auto-receipt Collection

We send your employees a text to reply with a picture of their receipt, we then match it to their transaction

Free Text-to-Transfer Technology

Approve employee spend requests via text message, reply “Yes” & we transfer funds to their cards or budgets immediately

Trusted by

Your Money & Data is Safe

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.

Superior banking for superior results

Benefits

SAVE ON FEES WITH OUR FREE BUSINESS CHECKING ACCOUNTS

• No monthly fee

• No minimum balance required

• No hidden fees

• Free same-day ACH

• FDIC Insured

ALL YOUR COMPANY'S EXPENSES TRACKED & MANAGED IN ONE PLACE

• Easy to track

• Adjust spend before it's to late

• Track spend by:  Employee, Budget, Category & Merchant

WE CREATE A P&L STATEMENT FOR YOU & RECONCILE YOUR TRANSACTIONS

Save time & money by focusing on growing your business while we reconciling all your transactions & provide you with your real-time Profit & Loss statement. 

PREVENT OVERSPENDING BY CREATING BUDGETS

• Create & fund budgets right on your dashboard

• Assign budgets to managers for them to manage

• Add employees to budgets to control spend

ISSUE YOUR EMPLOYEES BUDGET-LINKED DEBIT CARDS TO PREVENT OVERSPENDING

• Issue cards from a specific budget to avoid overspending

• Every card transaction is attached & tracked by a budget

• Issue virtual or physical cards

ELIMINATE EXPENSE REPORTS & REIMBURSEMENTS

• 85% of employees admit to lying on expense reports.*

• ​Stop wasteful spending before it occurs

• Saves your accountant time

* Source: https://www.pymnts.com/news/b2b-payments/2015/most-employees-fib-on-expense-reports/

SAVE TIME & PREVENT WASTEFUL SPENDING WITH OUR TEXT-TO-TRANSFER TECH.

Employees simply text PROFIT bank the amount they need & the reason. We then route that text to their manager.  When their manager replies "Yes", we fund the employee's card from that manager's budget in seconds.

STOP CHASING 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. 

HOW IT WORKS

01

FUND YOUR PROFIT BANK ACCOUNT

Connect your traditional bank account & instantly transfer funds with a click

02

CREATE & FUND YOUR BUDGETS

Assign budget owners to the budgets you've created for them to manage accordingly

03

ISSUE & FUND CARDS IN SECONDS

Cards are issued & funded from budgets you've created, this prevents employees & departments from overspending

04

TRACK SPEND IN REAL-TIME

Overall company and individual budget spend is tracked in real-time for you to view in one place

05

AUTOMATE YOUR ACCOUNTING

Receipt collection, payment categorization, real-time reconciliation are all handled automatically

Why
business owners
love us?

• Stop employees & departments from overspending by creating & funding budgets, then issuing employee cards directly from those budgets

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• No more sharing cards, issue & fund physical or virtual cards in real-time

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• View spend analytics & prohibit spend by categories if you want

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• Saves hours of work time by eliminating expense reports & processing employee reimbursements

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• Saves time by funding spend requests on-the-go via text message

Why accountants love us?

• Close books in an hour, not days

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• Instant reconciliation, eliminates the need for expense reports & employee reimbursements

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• Integrates with accounting software

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• Auto-categorizes transactions & identifies wasteful spending

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• No more chasing receipts, we text employees to reply with pictures of receipts & auto-match them to their transactions

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• Tracks spend in real-time

Why managers love us?

• It empowers them by giving them control of their own budgets

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• Eliminates expense reports

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• Issue Budget-Linked cards & funds to team members in real-time

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• View your budgets & team member's spend in real-time

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• Approve spend requests & fund cards on-the-go via text message

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• Prohibit spend categories

Why Employees love us?

• 37% experience cash flow problems & 10% have missed a credit card payment waiting for a reimbursement

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• 49% are frustrated by having to pay for business expenses out of their own pocket & waiting for reimbursement

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• Company costs should never affect an employee's personal finances

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• 25% have postponed or cancelled meetings because they couldn't cover the cost themselves

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• No worrying about loosing receipts with automated receipt capturing

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• Eliminates pesky expense reports