Overview
Always.bank, at a glance.
Always.bank is a bank division (fdic-insured) headquartered in the United States, regulated by Federal Deposit Insurance Corporation. The company behind Always.bank is 22nd State Banking Company. Business accounts cost $0 a month. Opening an account takes 3–5 days.
Always.bank is a division of 22nd State Banking Company, Member FDIC. Deposits at Always.bank and 22nd State Bank are combined for FDIC insurance up to $250,000 per depositor, per ownership category.
Why businesses pick Always.bank
- No monthly fee on Essential business checking
- A real bank behind it: 22nd State Banking Company, founded in 1917
- Free standard bill pay and check writing
- Surcharge-free withdrawals at more than 70,000 Allpoint and MoneyPass ATMs
- Also offers SBA, USDA and traditional business loans and invoice factoring
Watch out for
- A new launch: Premium and Pro are waitlist-only and mobile check deposit is not available yet
- Outgoing wires cost $20
- US dollars only; no international or foreign-currency service published
- Eligibility, accepted countries and industries are not published
Business fit
Will Always.bank accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Always.bank's published rules
Needs review
Always.bank works with Entrepreneurs, but does not publish the countries it accepts companies from.
Always.bank does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Always.bank publishes about the businesses it takes on.
Who Always.bank serves
- Startups and SMEs
- Freelancers
- Professional services
All 6 industries on Always.bank's accepted list
- Entrepreneurs
- Startups
- Sole proprietors
- LLCs
- Partnerships
- Small businesses (SBA, USDA and traditional business loans, invoice factoring and asset-based lending)
Not supported
Industries and countries Always.bank does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Always.bank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
USD only
- USD
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Not publishedPricing
What does Always.bank cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
$0–199
depends on plan
Essential
Lowest cost$0 per month
$0 setup · $0 in year one
Premium
$99 per month
$0 setup · $1,188 in year one
Pro
$199 per month
$0 setup · $2,388 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| ACH / local USD | Free | No charge |
| Local transfer from another bank | Free | No charge · Domestic wire |
| Outgoing | ||
| ACH / local USD | Free | No charge |
| Local transfer to another bank | $20 | Fixed fee · Domestic wire |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not offered | Not available |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Open an account
Start at onboarding.always.bank: create an account, or sign in to continue an application.
- 2
Verification
The bank verifies identity and may ask to see a driver's licence or other ID.
- 3
Account live
Premium and Pro are not open yet: join the waitlist on the site.
Documents you need
- Business EIN or the owner's SSN
- Filed formation documents (Articles of Incorporation, Articles of Organization or Partnership Agreement)
- Business or fictitious name registration
- Current business licence and certificate of good standing
- Bylaws, operating agreements or board meeting minutes, if they apply to the entity type
- Personal identification and authorisation details for all acting owners and signers
FAQ
Your questions, answered.
Is Always.bank a bank?
Always.bank is the digital banking division of 22nd State Banking Company, an FDIC-insured bank in Mobile, Alabama (FDIC certificate 16910). Deposits are insured up to $250,000.
How much does Always.bank business checking cost?
Essential has no monthly fee and no overdraft or NSF fees. Premium is $99 and Pro $199 a month, both on a waitlist. Outgoing wires cost $20; standard bill pay is free and expedited bill pay costs $6.95 to $34.95.
Who can open an Always.bank business account?
The site says small business checking is for entrepreneurs, startups, sole proprietors, LLCs and partnerships. It publishes no country or owner-residency rules.
Does Always.bank have a minimum balance?
The business checking pages describe no minimum balance penalties; the account page says Essential has no monthly maintenance fee.
Alternatives
How Always.bank compares.
If Always.bank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
| Always.bankThis pageBank division (FDIC-insured) |  | US business accountNo monthly fee |
 RelayFintech company | | US business accountNon-residents accepted |
 NovoFintech company | | US business accountFree account |
 BluevineFintech company | | US business accountNon-residents accepted |
 MercuryFintech company | | US business accountNon-residents accepted |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.